Morguard Real Estate Inv. (TSE:MRT.UN) Shares Pass Below 200 Day Moving Average – What’s Next?

Morguard Real Estate Inv. (TSE:MRT.UN) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$5.66 and traded as low as C$5.59. Morguard Real Estate Inv. shares last traded at C$5.61, with a volume of 10,173 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut their price objective on Morguard Real Estate Inv. from C$5.50 to C$5.00 and set a “hold” rating for the company in a research report on Monday, May 5th.

Morguard Real Estate Inv. Stock Down 0.7%

The business’s 50 day simple moving average is C$5.77 and its 200 day simple moving average is C$5.66. The company has a market capitalization of C$360.61 million, a PE ratio of -3.38 and a beta of 1.40. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58.

Insider Activity at Morguard Real Estate Inv.

In other Morguard Real Estate Inv. news, insider Morguard Corporation purchased 6,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 7th. The shares were purchased at an average cost of C$5.55 per share, with a total value of C$33,300.00. Also, insider Sime Armoyan acquired 4,500 shares of Morguard Real Estate Inv. stock in a transaction that occurred on Thursday, July 17th. The stock was acquired at an average cost of C$5.75 per share, with a total value of C$25,875.00. In the last 90 days, insiders purchased 29,100 shares of company stock valued at $165,839. 91.79% of the stock is owned by insiders.

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.