Morguard Real Estate Inv. (TSE:MRT.UN) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Morguard Real Estate Inv. (TSE:MRT.UN)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$5.47 and traded as low as C$5.40. Morguard Real Estate Inv. shares last traded at C$5.48, with a volume of 7,600 shares.

Analysts Set New Price Targets

Separately, TD Securities upped their target price on shares of Morguard Real Estate Inv. from C$5.50 to C$6.00 and gave the company a “hold” rating in a report on Wednesday, September 4th.

Morguard Real Estate Inv. Price Performance

The company has a debt-to-equity ratio of 135.58, a quick ratio of 0.04 and a current ratio of 0.08. The company has a market cap of C$352.25 million, a price-to-earnings ratio of -3.30 and a beta of 1.40. The business has a fifty day moving average price of C$5.55 and a 200 day moving average price of C$5.47.

Insider Transactions at Morguard Real Estate Inv.

In related news, insider Morguard Corporation acquired 24,400 shares of the stock in a transaction dated Friday, October 11th. The stock was bought at an average cost of C$5.58 per share, for a total transaction of C$136,132.48. Over the last ninety days, insiders purchased 245,900 shares of company stock worth $1,368,716. Corporate 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.