Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.42 and traded as low as C$5.25. Morguard Real Estate Inv. shares last traded at C$5.26, with a volume of 20,701 shares trading hands.
Analyst Ratings Changes
A number of research firms recently issued reports on MRT.UN. Royal Bank of Canada decreased their target price on Morguard Real Estate Inv. from C$5.50 to C$5.00 and set a “sector perform” rating for the company in a report on Monday, October 30th. TD Securities lifted their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research note on Monday, July 31st.
Morguard Real Estate Inv. Trading Down 2.2 %
Insider Activity at Morguard Real Estate Inv.
In related news, insider Morguard Corporation bought 9,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The shares were purchased at an average cost of C$5.50 per share, with a total value of C$49,500.00. In other news, insider Sime Armoyan bought 23,500 shares of Morguard Real Estate Inv. stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of C$5.25 per share, with a total value of C$123,480.75. Also, insider Morguard Corporation acquired 9,000 shares of Morguard Real Estate Inv. stock in a transaction on Wednesday, August 16th. The stock was purchased at an average price of C$5.50 per share, with a total value of C$49,500.00. Insiders acquired 37,200 shares of company stock valued at $199,066 over the last three months. 68.41% of the stock is owned by corporate insiders.
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.
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