Morguard Real Estate Inv. (TSE:MRT.UN) Insider Acquires C$13,370.00 in Stock

Morguard Real Estate Inv. (TSE:MRT.UN) insider Sime Armoyan purchased 2,500 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of C$5.35 per share, for a total transaction of C$13,370.00.

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

• On Tuesday, May 21st, Sime Armoyan purchased 7,500 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.34 per share, for a total transaction of C$40,032.00.
• On Friday, May 17th, Sime Armoyan purchased 6,500 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost 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 shares were purchased at an average cost of C$5.35 per share, for a total transaction of C$26,750.00.
• On Tuesday, May 7th, Sime Armoyan purchased 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 purchased 16,200 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.38 per share, for a total transaction of C$87,220.80.
• On Monday, April 29th, Sime Armoyan purchased 100 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.26 per share, for a total transaction of C$526.00.
• On Friday, April 26th, Sime Armoyan purchased 1,900 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.34 per share, for a total transaction of C$10,140.87.
• On Wednesday, April 24th, Sime Armoyan acquired 2,100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.35 per share, with a total value of C$11,224.50.
• On Monday, April 22nd, Sime Armoyan acquired 6,400 shares of Morguard Real Estate Inv. stock. The shares were bought 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 acquired 9,500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average price of C$5.34 per share, with a total value of C$50,762.30.

Morguard Real Estate Inv. Trading Up 0.4 %

TSE:MRT.UN opened at C$5.33 on Monday. Morguard Real Estate Inv. has a 1 year low of C$5.20 and a 1 year high of C$5.70. The stock has a market cap of C$342.56 million, a price-to-earnings ratio of -3.23 and a beta of 1.42. The business has a fifty day moving average of C$5.34 and a 200-day moving average of C$5.33. The company has a debt-to-equity ratio of 137.63, a quick ratio of 0.04 and a current ratio of 0.13.

Wall Street Analyst Weigh In

Separately, TD Securities lowered their price objective on 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.

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.