Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys C$80,300.00 in Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation acquired 14,600 shares of the business’s stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of C$5.50 per share, with a total value of C$80,300.00.

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

• On Thursday, February 20th, Morguard Corporation purchased 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 acquired 19,100 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price 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 bought 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 stock was 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 shares were purchased at an average cost of C$5.50 per share, for a total transaction of C$8,800.00.
• On Thursday, January 16th, Morguard Corporation acquired 6,500 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.50 per share, with a total value of C$35,750.00.
• On Tuesday, January 14th, Morguard Corporation bought 14,400 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$79,200.00.
• On Tuesday, January 7th, Morguard Corporation purchased 21,100 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.55 per share, with a total value of C$117,029.04.
• On Wednesday, December 18th, Morguard Corporation acquired 24,200 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average price of C$5.50 per share, for a total transaction of C$133,100.00.
• On Monday, December 16th, Morguard Corporation acquired 15,800 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$86,887.36.

Morguard Real Estate Inv. Price Performance

Morguard Real Estate Inv. stock opened at C$5.59 on Friday. 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 quick ratio of 0.04 and a current ratio of 0.08. The firm has a 50 day moving average price of C$5.53 and a 200 day moving average price of C$5.53. The company has a market cap of C$359.33 million, a price-to-earnings ratio of -3.37 and a beta of 1.40.

Analysts Set New Price Targets

Separately, TD Securities decreased their price target on Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Tuesday, February 18th.

About Morguard Real Estate Inv.

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.