Morguard Real Estate Inv. (TSE:MRT.UN) Sets New 1-Year High – Still a Buy?

Morguard Real Estate Inv. (TSE:MRT.UN) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$5.85 and last traded at C$5.54, with a volume of 80229 shares changing hands. The stock had previously closed at C$5.52.

Analyst Ratings Changes

Separately, TD Securities reduced their target price on shares of Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating for the company in a research note on Tuesday, February 18th.

Morguard Real Estate Inv. Trading Down 1.8 %

The company has a current ratio of 0.08, a quick ratio of 0.04 and a debt-to-equity ratio of 135.58. The business has a 50 day moving average price of C$5.56 and a 200-day moving average price of C$5.56. The firm has a market capitalization of C$356.75 million, a PE ratio of -3.34 and a beta of 1.40.

Insiders Place Their Bets

In other news, insider Morguard Corporation purchased 14,400 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The shares were acquired at an average price of C$5.50 per share, with a total value of C$79,200.00. Over the last quarter, insiders acquired 147,000 shares of company stock worth $811,182. 91.79% of the stock is owned by corporate insiders.

About Morguard Real Estate Inv.

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.