Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Acquires C$274,000.00 in Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation bought 50,000 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of C$5.48 per share, with a total value of C$274,000.00.

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

• On Monday, April 7th, Morguard Corporation bought 25,000 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.50 per share, with a total value of C$137,500.00.
• On Monday, March 31st, Morguard Corporation bought 3,300 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.50 per share, with a total value of C$18,150.00.
• On Wednesday, March 26th, Morguard Corporation bought 20,400 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.50 per share, with a total value of C$112,200.00.
• On Tuesday, March 18th, Morguard Corporation acquired 800 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$4,400.00.
• On Wednesday, March 12th, Morguard Corporation acquired 2,400 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$13,200.00.
• On Wednesday, March 5th, Morguard Corporation acquired 5,200 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$28,600.00.
• On Monday, March 3rd, Morguard Corporation acquired 8,100 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$44,550.00.
• On Friday, February 28th, Morguard Corporation acquired 5,500 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$30,250.00.
• On Monday, February 24th, Morguard Corporation acquired 14,600 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$80,300.00.
• On Thursday, February 20th, Morguard Corporation acquired 8,400 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.50 per share, with a total value of C$46,200.00.

Morguard Real Estate Inv. Stock Performance

Shares of MRT.UN opened at C$5.54 on Thursday. 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$356.11 million, a price-to-earnings ratio of -3.34 and a beta of 1.40. The stock has a 50 day moving average of C$5.55 and a 200 day moving average of C$5.56. Morguard Real Estate Inv. has a 12 month low of C$5.25 and a 12 month high of C$5.85.

Wall Street Analysts Forecast Growth

Separately, TD Securities decreased their price target 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. Company Profile

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.