Morguard Corporation Buys 33,300 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation bought 33,300 shares of the firm’s stock in a transaction dated Wednesday, November 20th. The stock was purchased at an average cost of C$5.54 per share, with a total value of C$184,405.41.

Morguard Corporation also recently made the following trade(s):

• On Monday, November 18th, Morguard Corporation purchased 16,500 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.50 per share, for a total transaction of C$90,750.00.
• On Thursday, November 14th, Morguard Corporation purchased 8,100 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.60 per share, with a total value of C$45,360.00.
• On Tuesday, November 12th, Morguard Corporation purchased 9,000 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.47 per share, with a total value of C$49,227.30.
• On Thursday, October 17th, Morguard Corporation purchased 39,400 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.74 per share, with a total value of C$226,297.84.
• On Tuesday, October 15th, Morguard Corporation acquired 4,900 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.65 per share, for a total transaction of C$27,675.20.
• On Friday, October 11th, Morguard Corporation purchased 24,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.58 per share, for a total transaction of C$136,132.48.

Morguard Real Estate Inv. Stock Performance

MRT.UN opened at C$5.55 on Friday. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The company has a market cap of C$356.75 million, a price-to-earnings ratio of -3.34 and a beta of 1.40. The company’s 50 day moving average is C$5.62 and its 200 day moving average is C$5.45. Morguard Real Estate Inv. has a 12-month low of C$5.21 and a 12-month high of C$5.81.

Analysts Set New Price Targets

Separately, TD Securities raised their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “hold” rating in a report on Wednesday, September 4th.

About Morguard Real Estate Inv.

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.6 million square feet of leasable space.