Morguard Real Estate Inv. (TSE:MRT.UN) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

Morguard Real Estate Inv. (TSE:MRT.UN)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$5.47 and traded as low as C$5.40. Morguard Real Estate Inv. shares last traded at C$5.48, with a volume of 7,600 shares trading hands.

Analysts Set New Price Targets

Separately, TD Securities boosted their price objective on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the stock a “hold” rating in a research report on Wednesday, September 4th.

Morguard Real Estate Inv. Price Performance

The firm has a market capitalization of C$352.25 million, a PE ratio of -3.30 and a beta of 1.40. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The company has a fifty day moving average price of C$5.56 and a two-hundred day moving average price of C$5.47.

Insider Activity

In other Morguard Real Estate Inv. news, insider Morguard Corporation bought 39,400 shares of the firm’s stock in a transaction dated Thursday, October 17th. The stock was acquired at an average price of C$5.74 per share, for a total transaction of C$226,297.84. Over the last ninety days, insiders bought 245,700 shares of company stock valued at $1,367,636. 91.79% of the stock is currently 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.