Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.47 and traded as low as C$5.40. Morguard Real Estate Inv. shares last traded at C$5.48, with a volume of 7,600 shares changing hands.
Wall Street Analyst Weigh In
Separately, TD Securities increased their target price on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the stock a "hold" rating in a report on Wednesday, September 4th.
Check Out Our Latest Analysis on MRT.UN
Morguard Real Estate Inv. Stock Up 1.3 %
The firm has a 50 day moving average price of C$5.55 and a 200-day moving average price of C$5.47. The firm has a market cap of C$352.25 million, a price-to-earnings ratio of -3.30 and a beta of 1.40. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04.
Insider Buying and Selling at Morguard Real Estate Inv.
In related news, insider Morguard Corporation purchased 39,400 shares of the business's stock in a transaction dated Thursday, October 17th. The shares were bought at an average price of C$5.74 per share, with a total value of C$226,297.84. In the last three months, insiders have acquired 245,900 shares of company stock worth $1,368,716. Company insiders own 91.79% of the company's stock.
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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