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

Morguard Real Estate Inv. (TSE:MRT.UN) insider Sime Armoyan acquired 7,500 shares of the business’s stock in a transaction that occurred on Tuesday, May 21st. The stock was acquired at an average price of C$5.34 per share, for a total transaction of C$40,032.00.

Sime Armoyan also recently made the following trade(s):

• On Friday, May 17th, Sime Armoyan bought 6,500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.35 per share, for a total transaction of C$34,775.00.
• On Wednesday, May 15th, Sime Armoyan purchased 5,000 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.35 per share, with a total value of C$26,750.00.
• On Tuesday, May 7th, Sime Armoyan acquired 2,300 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.28 per share, for a total transaction of C$12,135.03.
• On Thursday, May 2nd, Sime Armoyan bought 16,200 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.38 per share, with a total value of C$87,220.80.
• On Monday, April 29th, Sime Armoyan acquired 100 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.26 per share, for a total transaction of C$526.00.
• On Friday, April 26th, Sime Armoyan bought 1,900 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average cost of C$5.34 per share, with a total value of C$10,140.87.
• On Wednesday, April 24th, Sime Armoyan purchased 2,100 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.35 per share, for a total transaction of C$11,224.50.
• On Monday, April 22nd, Sime Armoyan acquired 6,400 shares of Morguard Real Estate Inv. stock. The stock was acquired at an average price of C$5.34 per share, with a total value of C$34,172.16.
• On Thursday, April 18th, Sime Armoyan bought 9,500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.34 per share, for a total transaction of C$50,762.30.
• On Tuesday, April 16th, Sime Armoyan acquired 200 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.30 per share, with a total value of C$1,060.00.

Morguard Real Estate Inv. Stock Performance

TSE MRT.UN opened at C$5.35 on Wednesday. Morguard Real Estate Inv. has a 52 week low of C$5.20 and a 52 week high of C$5.70. The company has a debt-to-equity ratio of 137.63, a quick ratio of 0.04 and a current ratio of 0.13. The stock’s 50 day moving average price is C$5.34 and its two-hundred day moving average price is C$5.33. The stock has a market capitalization of C$343.84 million, a price-to-earnings ratio of -3.24 and a beta of 1.42.

Analysts Set New Price Targets

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 20th.

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.