Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Passes Below Two Hundred Day Moving Average of $5.15

Shares of Morguard Real Estate Inv. (TSE:MRT.UNGet Rating) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.15 and traded as low as C$5.14. Morguard Real Estate Inv. shares last traded at C$5.14, with a volume of 7,786 shares trading hands.

Wall Street Analysts Forecast Growth

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

Morguard Real Estate Inv. Trading Down 0.8 %

The company’s 50 day moving average price is C$5.13 and its 200 day moving average price is C$5.15. The company has a market cap of C$329.91 million and a price-to-earnings ratio of 6.05. The company has a debt-to-equity ratio of 111.08, a quick ratio of 0.04 and a current ratio of 0.06.

Insider Transactions at Morguard Real Estate Inv.

In other Morguard Real Estate Inv. news, insider Morguard Corporation purchased 450,000 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were bought at an average price of C$5.05 per share, for a total transaction of C$2,272,500.00. Following the purchase, the insider now directly owns 13,621,236 shares in the company, valued at approximately C$68,787,241.80.

Morguard Real Estate Inv. Company Profile

(Get Rating)

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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