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 on Tuesday . The company traded as high as C$5.85 and last traded at C$5.54, with a volume of 80229 shares trading hands. The stock had previously closed at C$5.52.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price objective on shares of Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating on the stock in a report on Tuesday, February 18th.

Morguard Real Estate Inv. Stock Down 1.8 %

The company has a market capitalization of C$356.75 million, a PE ratio of -3.34 and a beta of 1.40. 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 fifty day moving average of C$5.56 and a 200 day moving average of C$5.56.

Insider Buying and Selling

In other news, insider Morguard Corporation bought 21,100 shares of Morguard Real Estate Inv. stock in a transaction that occurred on Tuesday, January 7th. The shares were purchased at an average price of C$5.55 per share, with a total value of C$117,029.04. Insiders have acquired a total of 147,000 shares of company stock valued at $811,182 in the last ninety days. Company insiders own 91.79% of the company’s stock.

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.