Morguard Real Estate Inv. (TSE:MRT.UN - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.44 and traded as low as C$5.40. Morguard Real Estate Inv. shares last traded at C$5.50, with a volume of 29,258 shares trading hands.
Analyst Upgrades and Downgrades
Separately, TD Securities raised their price objective on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a "hold" rating in a research report on Wednesday, September 4th.
Read Our Latest Research Report on Morguard Real Estate Inv.
Morguard Real Estate Inv. Stock Up 0.9 %
The firm's 50 day simple moving average is C$5.58 and its two-hundred day simple moving average is C$5.44. The firm 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 has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58.
Insider Activity at Morguard Real Estate Inv.
In other news, insider Morguard Corporation purchased 39,400 shares of the business's stock in a transaction dated Thursday, October 17th. The stock was bought at an average price of C$5.74 per share, with a total value of C$226,297.84. In other Morguard Real Estate Inv. news, insider Morguard Corporation purchased 39,400 shares of the stock in a transaction dated Thursday, October 17th. The stock was bought at an average price of C$5.74 per share, with a total value of C$226,297.84. Also, insider Sime Armoyan acquired 19,800 shares of Morguard Real Estate Inv. stock in a transaction that occurred on Monday, September 9th. The stock was acquired at an average cost of C$5.35 per share, for a total transaction of C$105,930.00. Insiders purchased a total of 138,400 shares of company stock valued at $762,169 over the last quarter. 91.79% of the stock is owned by corporate insiders.
Morguard Real Estate Inv. Company Profile
(
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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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