Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Purchases 17,500 Shares of Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Morguard Corporation bought 17,500 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The stock was purchased at an average price of C$5.50 per share, with a total value of C$96,250.00.

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

• On Wednesday, November 27th, Morguard Corporation purchased 7,500 shares of Morguard Real Estate Inv. stock. The shares were 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 bought 1,200 shares of Morguard Real Estate Inv. stock. The shares were 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 purchased 2,800 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average price of C$5.55 per share, with a total value of C$15,540.00.
• On Wednesday, November 20th, Morguard Corporation acquired 33,300 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price of C$5.54 per share, with a total value of C$184,405.41.
• On Monday, November 18th, Morguard Corporation acquired 16,500 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.50 per share, with a total value of C$90,750.00.
• On Thursday, November 14th, Morguard Corporation purchased 8,100 shares of Morguard Real Estate Inv. stock. The stock was bought 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 acquired 9,000 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.47 per share, with a total value of C$49,227.30.
• On Thursday, October 17th, Morguard Corporation bought 39,400 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.74 per share, for a total transaction of C$226,297.84.
• On Tuesday, October 15th, Morguard Corporation purchased 4,900 shares of Morguard Real Estate Inv. stock. The stock was bought 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 bought 24,400 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.58 per share, with a total value of C$136,132.48.

Morguard Real Estate Inv. Stock Performance

Shares of TSE:MRT.UN remained flat at C$5.50 during midday trading on Tuesday. The stock had a trading volume of 9,503 shares, compared to its average volume of 11,964. The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. Morguard Real Estate Inv. has a 1 year low of C$5.21 and a 1 year high of C$5.81. The company has a market capitalization of C$353.54 million, a P/E ratio of -3.31 and a beta of 1.40. The stock’s 50 day moving average price is C$5.60 and its 200 day moving average price is C$5.46.

Analyst Upgrades and Downgrades

Separately, TD Securities raised their price target on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “hold” rating in a research report 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.