Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Passes Below 200-Day Moving Average – What’s Next?

Morguard Real Estate Inv. (TSE:MRT.UN) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.56 and traded as low as C$5.55. Morguard Real Estate Inv. shares last traded at C$5.58, with a volume of 3,393 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities decreased their price objective on Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating for the company in a research report on Tuesday, February 18th.

Morguard Real Estate Inv. Stock Down 0.9 %

The company has a market capitalization of C$353.54 million, a price-to-earnings ratio of -3.31 and a beta of 1.40. The firm’s 50 day simple moving average is C$5.55 and its 200-day simple moving average is C$5.56. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58.

Insider Activity at Morguard Real Estate Inv.

In other news, insider Morguard Corporation purchased 5,200 shares of the firm’s stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average price of C$5.50 per share, with a total value of C$28,600.00. Insiders bought a total of 123,500 shares of company stock worth $681,912 over the last 90 days. Company insiders own 91.79% of the company’s stock.

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.