TD Securities Raises Morguard Real Estate Inv. (TSE:MRT.UN) Price Target to C$6.00

Morguard Real Estate Inv. (TSE:MRT.UN) had its target price lifted by TD Securities from C$5.50 to C$6.00 in a research note released on Wednesday morning, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Morguard Real Estate Inv. Price Performance

MRT.UN stock opened at C$5.35 on Wednesday. The firm has a 50 day moving average of C$5.35 and a 200-day moving average of C$5.35. 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 firm has a market capitalization of C$343.90 million, a P/E ratio of -3.22 and a beta of 1.40. Morguard Real Estate Inv. has a 12 month low of C$5.20 and a 12 month high of C$5.74.

Insider Activity

In other Morguard Real Estate Inv. news, insider Sime Armoyan acquired 20,700 shares of the company’s stock in a transaction that occurred on Thursday, August 22nd. The stock was bought at an average price of C$5.33 per share, with a total value of C$110,384.82. Insiders bought 73,700 shares of company stock worth $392,692 in the last three months. Corporate insiders own 91.80% of the company’s stock.

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.