Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Morguard Real Estate Inv. (TSE:MRT.UN) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$5.56 and traded as low as C$5.55. Morguard Real Estate Inv. shares last traded at C$5.58, with a volume of 3,393 shares.

Analysts Set New Price Targets

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

Morguard Real Estate Inv. Stock Down 0.9 %

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 business has a fifty day simple moving average of C$5.55 and a two-hundred day simple moving average of C$5.56. The company has a market cap of C$353.54 million, a PE ratio of -3.31 and a beta of 1.40.

Insider Activity

In other Morguard Real Estate Inv. news, insider Morguard Corporation acquired 14,400 shares of the stock in a transaction dated Tuesday, January 14th. The stock was acquired at an average price of C$5.50 per share, with a total value of C$79,200.00. In the last three months, insiders have purchased 123,500 shares of company stock valued at $681,912. Company 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.