Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Buys 9,900 Shares of Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation acquired 9,900 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of C$5.50 per share, for a total transaction of C$54,450.00.

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

• On Monday, December 9th, Morguard Corporation bought 24,000 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.60 per share, for a total transaction of C$134,332.80.
• On Wednesday, December 4th, Morguard Corporation bought 7,200 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.50 per share, for a total transaction of C$39,600.00.
• On Monday, December 2nd, Morguard Corporation bought 17,500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.50 per share, for a total transaction of C$96,250.00.
• On Wednesday, November 27th, Morguard Corporation acquired 7,500 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.47 per share, for a total transaction of C$41,028.00.
• On Monday, November 25th, Morguard Corporation acquired 1,200 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.50 per share, for a total transaction of C$6,600.00.
• On Friday, November 22nd, Morguard Corporation acquired 2,800 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.55 per share, for a total transaction of C$15,540.00.
• On Wednesday, November 20th, Morguard Corporation acquired 33,300 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.54 per share, for a total transaction of C$184,405.41.
• On Monday, November 18th, Morguard Corporation purchased 16,500 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.50 per share, for a total transaction of C$90,750.00.
• On Thursday, November 14th, Morguard Corporation purchased 8,100 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.60 per share, for a total transaction 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.

Morguard Real Estate Inv. Stock Down 0.2 %

Shares of TSE MRT.UN traded down C$0.01 during mid-day trading on Friday, reaching C$5.52. 4,563 shares of the company were exchanged, compared to its average volume of 11,964. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. The stock has a market cap of C$354.83 million, a price-to-earnings ratio of -3.33 and a beta of 1.40. Morguard Real Estate Inv. has a 1 year low of C$5.25 and a 1 year high of C$5.81. The firm has a 50-day moving average of C$5.58 and a 200 day moving average of C$5.47.

Analyst Upgrades and Downgrades

Separately, TD Securities upped their price objective 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.

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.