Morguard Corporation Purchases 5,600 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN – Get Rating) insider Morguard Corporation bought 5,600 shares of the company’s stock in a transaction that occurred on Friday, January 20th. The shares were bought at an average price of C$5.30 per share, for a total transaction of C$29,659.84. Following the acquisition, the insider now directly owns 13,754,836 shares of the company’s stock, valued at approximately C$72,851,113.39.

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

• On Tuesday, January 17th, Morguard Corporation acquired 3,900 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.30 per share, for a total transaction of C$20,670.00.
• On Friday, January 13th, Morguard Corporation acquired 400 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.30 per share, for a total transaction of C$2,120.00.
• On Tuesday, January 3rd, Morguard Corporation acquired 61,700 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.25 per share, for a total transaction of C$323,925.00.
• On Wednesday, December 28th, Morguard Corporation acquired 4,200 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.15 per share, for a total transaction of C$21,630.00.
• On Friday, December 23rd, Morguard Corporation acquired 5,100 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.15 per share, for a total transaction of C$26,245.62.
• On Tuesday, December 20th, Morguard Corporation acquired 27,900 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.15 per share, for a total transaction of C$143,648.73.

Morguard Real Estate Inv. Price Performance

Shares of TSE MRT.UN opened at C$5.30 on Tuesday. The firm has a market cap of C$340.28 million and a P/E ratio of 6.24. The company has a current ratio of 0.06, a quick ratio of 0.04 and a debt-to-equity ratio of 111.08. Morguard Real Estate Inv. has a 1-year low of C$4.95 and a 1-year high of C$5.92. The business’s 50 day moving average is C$5.24 and its 200-day moving average is C$5.15.

Analyst Ratings Changes

Separately, TD Securities increased their target price on Morguard Real Estate Inv. from C$5.00 to C$5.50 and gave the stock a “hold” rating in a research note on Friday, October 28th.

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.