Morguard Corporation Purchases 14,600 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation acquired 14,600 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of C$5.50 per share, for a total transaction of C$80,300.00.

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

• On Thursday, February 20th, Morguard Corporation bought 8,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.50 per share, for a total transaction of C$46,200.00.
• On Friday, January 31st, Morguard Corporation bought 19,100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.55 per share, for a total transaction of C$106,005.00.
• On Tuesday, January 28th, Morguard Corporation bought 8,000 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.55 per share, for a total transaction of C$44,400.00.
• On Thursday, January 23rd, Morguard Corporation bought 7,600 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.55 per share, for a total transaction of C$42,148.08.
• On Tuesday, January 21st, Morguard Corporation bought 1,600 shares of Morguard Real Estate Inv. stock. The shares were bought 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 bought 6,500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.50 per share, for a total transaction of C$35,750.00.
• On Tuesday, January 14th, Morguard Corporation bought 14,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.50 per share, for a total transaction of C$79,200.00.
• On Tuesday, January 7th, Morguard Corporation bought 21,100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.55 per share, for a total transaction of C$117,029.04.
• On Wednesday, December 18th, Morguard Corporation acquired 24,200 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost 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, for a total transaction of C$86,887.36.

Morguard Real Estate Inv. Stock Performance

Shares of Morguard Real Estate Inv. stock opened at C$5.53 on Wednesday. The stock’s fifty day moving average is C$5.53 and its two-hundred day moving average is C$5.53. The company has a market capitalization of C$355.47 million, a PE ratio of -3.33 and a beta of 1.40. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. Morguard Real Estate Inv. has a 52 week low of C$5.25 and a 52 week high of C$5.81.

Analysts Set New Price Targets

Separately, TD Securities cut their price objective on Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research report 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.