Morguard Real Estate Inv. (TSE:MRT.UN) Stock Passes Above Two Hundred Day Moving Average of $5.35

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

In other news, insider Morguard Corporation bought 36,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were bought at an average cost of C$5.40 per share, with a total value of C$194,400.00. Over the last ninety days, insiders have acquired 623,500 shares of company stock valued at $3,456,582. 67.72% of the stock is currently owned by corporate insiders.

About Morguard Real Estate Inv.

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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.