Morguard Real Estate Inv. (TSE:MRT.UN) Price Target Cut to C$5.50 by Analysts at TD Securities

Morguard Real Estate Inv. (TSE:MRT.UN) had its target price dropped by equities research analysts at TD Securities from C$6.00 to C$5.50 in a research note issued to investors on Tuesday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD Securities’ price objective suggests a potential downside of 0.72% from the company’s previous close.

Morguard Real Estate Inv. Trading Down 0.2 %

Shares of TSE MRT.UN traded down C$0.01 during mid-day trading on Tuesday, hitting C$5.54. The stock had a trading volume of 13,285 shares, compared to its average volume of 15,889. The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. Morguard Real Estate Inv. has a 1 year low of C$5.25 and a 1 year high of C$5.81. The business has a 50 day moving average price of C$5.53 and a two-hundred day moving average price of C$5.52. The firm has a market cap of C$356.11 million, a P/E ratio of -3.34 and a beta of 1.40.

Insider Buying and Selling

In related news, insider Morguard Corporation acquired 7,500 shares of Morguard Real Estate Inv. stock in a transaction on Wednesday, November 27th. The shares were acquired at an average cost of C$5.47 per share, with a total value of C$41,028.00. Insiders have bought a total of 221,900 shares of company stock valued at $1,226,606 over the last three months. 91.79% of the stock is owned by company 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.