Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Shares of Morguard Real Estate Inv. (TSE:MRT.UN) passed below its 200-day moving average during trading on Friday . The stock has a 200-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 traded.

Analyst Upgrades and Downgrades

Separately, TD Securities upped their price target on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research note on Wednesday, September 4th.

Morguard Real Estate Inv. Stock Performance

The firm has a market cap of C$352.25 million, a P/E ratio of -3.30 and a beta of 1.40. The company’s 50-day moving average is C$5.55 and its two-hundred day moving average is C$5.47. 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 Transactions at Morguard Real Estate Inv.

In other Morguard Real Estate Inv. news, insider Morguard Corporation acquired 24,200 shares of the business’s stock in a transaction on Wednesday, December 18th. The shares were acquired at an average price of C$5.50 per share, with a total value of C$133,100.00. Insiders bought a total of 245,900 shares of company stock worth $1,368,716 in the last quarter. 91.79% of the stock is currently owned by corporate insiders.

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.