Morguard Real Estate Inv. (TSE:MRT.UN) Shares Cross Above 200 Day Moving Average – What’s Next?

Shares of Morguard Real Estate Inv. (TSE:MRT.UN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$5.60 and traded as high as C$5.76. Morguard Real Estate Inv. shares last traded at C$5.75, with a volume of 8,500 shares.

Wall Street Analysts Forecast Growth

Separately, TD Securities decreased their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$5.00 and set a “hold” rating for the company in a research note on Monday, May 5th.

Morguard Real Estate Inv. Stock Down 0.7%

The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The company’s fifty day moving average is C$5.73 and its 200-day moving average is C$5.60. The company has a market cap of C$369.61 million, a PE ratio of -3.46 and a beta of 1.40.

Insider Transactions at Morguard Real Estate Inv.

In other Morguard Real Estate Inv. news, insider Morguard Corporation purchased 20,400 shares of the company’s stock in a transaction dated Wednesday, March 26th. The shares were acquired at an average price of C$5.50 per share, for a total transaction of C$112,200.00. Insiders have acquired 210,700 shares of company stock worth $1,160,247 in the last 90 days. 91.79% of the stock is currently owned by 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.