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 research analysts at TD Securities from C$6.00 to C$5.50 in a research note issued on Tuesday,BayStreet.CA reports. The brokerage presently has a “hold” rating on the stock. TD Securities’ target price points to a potential downside of 0.72% from the stock’s previous close.

Morguard Real Estate Inv. Stock Performance

MRT.UN traded down C$0.01 during trading on Tuesday, hitting C$5.54. 13,285 shares of the company traded hands, compared to its average volume of 15,889. The firm has a market cap of C$356.11 million, a P/E ratio of -3.34 and a beta of 1.40. The stock’s fifty day moving average is C$5.53 and its 200 day moving average is C$5.52. The company has a quick ratio of 0.04, a current ratio of 0.08 and a debt-to-equity ratio of 135.58. Morguard Real Estate Inv. has a one year low of C$5.25 and a one year high of C$5.81.

Insider Activity

In related news, insider Morguard Corporation bought 7,500 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was acquired at an average cost of C$5.47 per share, for a total transaction of C$41,028.00. Over the last ninety days, insiders bought 221,900 shares of company stock worth $1,226,606. 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.