Morguard Real Estate Inv. (TSE:MRT.UN) Sets New 52-Week High – Should You Buy?

Morguard Real Estate Inv. (TSE:MRT.UN) reached a new 52-week high on Tuesday . The company traded as high as C$5.85 and last traded at C$5.54, with a volume of 80229 shares traded. The stock had previously closed at C$5.52.

Analysts Set New Price Targets

Separately, TD Securities cut their target price on shares of Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Tuesday, February 18th.

Morguard Real Estate Inv. Stock Performance

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 market capitalization of C$365.11 million, a PE ratio of -3.42 and a beta of 1.40. The firm’s 50-day simple moving average is C$5.56 and its 200-day simple moving average is C$5.56.

Insiders Place Their Bets

In other news, insider Morguard Corporation purchased 14,400 shares of the firm’s stock in a transaction on Tuesday, January 14th. The stock was acquired at an average cost of C$5.50 per share, with a total value of C$79,200.00. Insiders have acquired a total of 147,000 shares of company stock worth $811,182 in the last three months. Corporate insiders own 91.79% of the company’s stock.

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.