Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$5.37 and traded as high as C$5.65. Morguard Real Estate Inv. shares last traded at C$5.65, with a volume of 100 shares traded.
Analysts Set New Price Targets
Separately, TD Securities raised their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “hold” rating in a report on Wednesday, September 4th.
Check Out Our Latest Stock Report on MRT.UN
Morguard Real Estate Inv. Stock Performance
Insider Buying and Selling
In related news, insider Sime Armoyan bought 6,300 shares of Morguard Real Estate Inv. stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average price of C$5.32 per share, for a total transaction of C$33,516.00. Over the last quarter, insiders have purchased 87,000 shares of company stock valued at $464,115. 91.80% of the stock is owned by company insiders.
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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