Morguard Real Estate Inv. (TSE:MRT.UN – Get Rating) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$5.35 and traded as high as C$5.43. Morguard Real Estate Inv. shares last traded at C$5.40, with a volume of 5,020 shares.
Wall Street Analyst Weigh In
Separately, Royal Bank of Canada lowered their target price on shares of Morguard Real Estate Inv. from C$5.25 to C$5.00 and set a “sector perform” rating for the company in a report on Monday, May 1st.
Morguard Real Estate Inv. Trading Up 0.2 %
The firm has a market capitalization of C$347.54 million, a P/E ratio of -2.65 and a beta of 1.45. The company has a quick ratio of 0.04, a current ratio of 0.07 and a debt-to-equity ratio of 121.86. The firm’s 50-day simple moving average is C$5.43 and its 200-day simple moving average is C$5.35.
Insiders Place Their Bets
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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