Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys C$184,405.41 in Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation acquired 33,300 shares of the company’s stock in a transaction that occurred on Wednesday, November 20th. The stock was purchased at an average cost of C$5.54 per share, for a total transaction of C$184,405.41.

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

• On Monday, November 18th, Morguard Corporation bought 16,500 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.50 per share, with a total value of C$90,750.00.
• On Thursday, November 14th, Morguard Corporation purchased 8,100 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.60 per share, for a total transaction of C$45,360.00.
• On Tuesday, November 12th, Morguard Corporation acquired 9,000 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.47 per share, with a total value of C$49,227.30.
• On Thursday, October 17th, Morguard Corporation bought 39,400 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost 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 acquired at an average cost of C$5.65 per share, with a total value of C$27,675.20.
• On Friday, October 11th, Morguard Corporation acquired 24,400 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.58 per share, for a total transaction of C$136,132.48.

Morguard Real Estate Inv. Price Performance

TSE MRT.UN opened at C$5.55 on Friday. Morguard Real Estate Inv. has a 12 month low of C$5.21 and a 12 month high of C$5.81. The firm has a market capitalization of C$356.75 million, a PE ratio of -3.34 and a beta of 1.40. The company’s 50 day simple moving average is C$5.62 and its 200 day simple moving average is C$5.45. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04.

Analysts Set New Price Targets

Separately, TD Securities raised their target price on shares of 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.

Morguard Real Estate Inv. Company Profile

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.