Morguard Real Estate Inv. (TSE:MRT.UN) Share Price Passes Above 200-Day Moving Average of $5.37

Morguard Real Estate Inv. (TSE:MRT.UN) 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.

Morguard Real Estate Inv. Stock Performance

The company has a market cap of C$363.18 million, a P/E ratio of -3.40 and a beta of 1.39. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The stock’s 50-day moving average price is C$5.40 and its 200 day moving average price is C$5.37.

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.