Morguard Corporation Purchases 8,100 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation purchased 8,100 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The stock was acquired at an average price of C$5.50 per share, for a total transaction of C$44,550.00.

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

• On Friday, February 28th, Morguard Corporation acquired 5,500 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price of C$5.50 per share, for a total transaction of C$30,250.00.
• On Monday, February 24th, Morguard Corporation bought 14,600 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.50 per share, with a total value of C$80,300.00.
• On Thursday, February 20th, Morguard Corporation bought 8,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.50 per share, with a total value of C$46,200.00.
• On Friday, January 31st, Morguard Corporation purchased 19,100 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.55 per share, for a total transaction of C$106,005.00.
• On Tuesday, January 28th, Morguard Corporation acquired 8,000 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.55 per share, with a total value of C$44,400.00.
• On Thursday, January 23rd, Morguard Corporation bought 7,600 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.55 per share, for a total transaction of C$42,148.08.
• On Tuesday, January 21st, Morguard Corporation purchased 1,600 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.50 per share, with a total value of C$8,800.00.
• On Thursday, January 16th, Morguard Corporation acquired 6,500 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$35,750.00.
• On Tuesday, January 14th, Morguard Corporation bought 14,400 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.50 per share, with a total value of C$79,200.00.
• On Tuesday, January 7th, Morguard Corporation purchased 21,100 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.55 per share, for a total transaction of C$117,029.04.

Morguard Real Estate Inv. Price Performance

TSE:MRT.UN remained flat at C$5.50 during trading hours on Tuesday. The company had a trading volume of 1,100 shares, compared to its average volume of 14,354. The firm has a fifty day moving average of C$5.54 and a 200 day moving average of C$5.54. Morguard Real Estate Inv. has a 1-year low of C$5.25 and a 1-year high of C$5.81. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04. The firm has a market capitalization of C$353.54 million, a P/E ratio of -3.31 and a beta of 1.40.

Analyst Upgrades and Downgrades

Separately, TD Securities cut their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating for the company in a report on Tuesday, February 18th.

Morguard Real Estate Inv. Company Profile

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.