Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) had its target price decreased by TD Securities from C$6.00 to C$5.50 in a report issued on Tuesday,BayStreet.CA reports. The firm presently has a "hold" rating on the stock. TD Securities' price objective points to a potential downside of 0.18% from the company's previous close.
Morguard Real Estate Inv. Trading Up 0.2 %
MRT.UN traded up C$0.01 during trading on Tuesday, reaching C$5.51. 3,184 shares of the company's stock were exchanged, compared to its average volume of 15,189. The company's fifty day moving average price is C$5.53 and its 200-day moving average price is C$5.53. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. Morguard Real Estate Inv. has a fifty-two week low of C$5.25 and a fifty-two week high of C$5.81. The firm has a market capitalization of C$354.18 million, a PE ratio of -3.32 and a beta of 1.40.
Insider Buying and Selling
In other Morguard Real Estate Inv. news, insider Morguard Corporation acquired 6,500 shares of the business's stock in a transaction dated Thursday, January 16th. The shares were acquired at an average price of C$5.50 per share, for a total transaction of C$35,750.00. In the last quarter, insiders have acquired 194,200 shares of company stock valued at $1,072,860. 91.79% of the stock is owned by company insiders.
About Morguard Real Estate Inv.
(
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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.
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