Morguard Corporation Buys 7,500 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Posted by Michael Walen on Nov 29th, 2024

Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) insider Morguard Corporation purchased 7,500 shares of Morguard Real Estate Inv. stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of C$5.47 per share, for a total transaction of C$41,028.00.

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

On Monday, November 25th, Morguard Corporation bought 1,200 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average price 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 stock was 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 purchased 33,300 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average price of C$5.54 per share, for a total transaction of C$184,405.41.
On Monday, November 18th, Morguard Corporation acquired 16,500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.50 per share, for a total transaction of C$90,750.00.
On Thursday, November 14th, Morguard Corporation bought 8,100 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$45,360.00.
On Tuesday, November 12th, Morguard Corporation purchased 9,000 shares of Morguard Real Estate Inv. stock. The stock was 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 acquired 39,400 shares of Morguard Real Estate Inv. stock. The shares were 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 bought 4,900 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.65 per share, with a total value of C$27,675.20.
On Friday, October 11th, Morguard Corporation purchased 24,400 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.58 per share, with a total value of C$136,132.48.

Morguard Real Estate Inv. Price Performance

The stock has a market cap of C$354.18 million, a P/E ratio of -3.31 and a beta of 1.40. Morguard Real Estate Inv. has a twelve month low of C$5.21 and a twelve month high of C$5.81. The company has a 50 day simple moving average of C$5.61 and a two-hundred day simple moving average of C$5.46. The company has a debt-to-equity ratio of 135.58, a current ratio of 0.08 and a quick ratio of 0.04.

Wall Street Analyst Weigh In

Separately, TD Securities raised 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.

Read Our Latest Analysis on MRT.UN

Morguard Real Estate Inv. Company Profile

(Get Free Report)

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.