Morguard Real Estate Inv. (TSE:MRT.UN) Insider Morguard Corporation Purchases 16,500 Shares

Posted by Grant Hamersma on Nov 22nd, 2024

Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) insider Morguard Corporation purchased 16,500 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was bought at an average price of C$5.50 per share, with a total value of C$90,750.00.

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

On Wednesday, November 20th, Morguard Corporation acquired 33,300 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.54 per share, for a total transaction of C$184,405.41.
On Thursday, November 14th, Morguard Corporation bought 8,100 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.60 per share, with a total value of C$45,360.00.
On Tuesday, November 12th, Morguard Corporation purchased 9,000 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.47 per share, for a total transaction of C$49,227.30.
On Thursday, October 17th, Morguard Corporation acquired 39,400 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average price of C$5.74 per share, with a total value of C$226,297.84.
On Tuesday, October 15th, Morguard Corporation purchased 4,900 shares of Morguard Real Estate Inv. stock. The stock was purchased 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 purchased 24,400 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.58 per share, for a total transaction of C$136,132.48.

Morguard Real Estate Inv. Stock Down 0.9 %

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

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on MRT.UN

About Morguard Real Estate Inv.

(Get Free Report)

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.