Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys 9,000 Shares of Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation purchased 9,000 shares of the stock in a transaction dated Tuesday, November 12th. The shares were acquired at an average price of C$5.47 per share, with a total value of C$49,227.30.

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

• On Thursday, October 17th, Morguard Corporation acquired 39,400 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.74 per share, for a total transaction of C$226,297.84.
• On Tuesday, October 15th, Morguard Corporation purchased 4,900 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.65 per share, for a total transaction of C$27,675.20.
• On Friday, October 11th, Morguard Corporation bought 24,400 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.58 per share, for a total transaction of C$136,132.48.

Morguard Real Estate Inv. Trading Up 0.4 %

Shares of MRT.UN traded up C$0.02 during trading hours on Wednesday, reaching C$5.50. The stock had a trading volume of 600 shares, compared to its average volume of 11,755. 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$5.21 and a 52 week high of C$5.81. The firm has a 50-day moving average of C$5.59 and a 200 day moving average of C$5.44. The company has a market cap of C$353.54 million, a P/E ratio of -3.30 and a beta of 1.40.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped their price target on Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “hold” rating in a research note on Wednesday, September 4th.

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.