Insider Buying: Morguard Real Estate Inv. (TSE:MRT.UN) Insider Purchases 9,500 Shares of Stock

Posted by Scott Moore on Apr 19th, 2024

Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) insider Sime Armoyan purchased 9,500 shares of the stock in a transaction dated Thursday, April 18th. The stock was acquired at an average cost of C$5.34 per share, for a total transaction of C$50,762.30.

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

On Tuesday, April 16th, Sime Armoyan bought 200 shares of Morguard Real Estate Inv. stock. The shares were purchased at an average cost of C$5.30 per share, for a total transaction of C$1,060.00.
On Friday, April 12th, Sime Armoyan purchased 9,700 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average price of C$5.30 per share, with a total value of C$51,383.81.
On Tuesday, March 26th, Sime Armoyan bought 21,000 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.31 per share, with a total value of C$111,405.00.
On Thursday, March 21st, Sime Armoyan acquired 300 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price of C$5.30 per share, with a total value of C$1,590.00.
On Monday, March 18th, Sime Armoyan acquired 300 shares of Morguard Real Estate Inv. stock. The stock was bought at an average price of C$5.30 per share, with a total value of C$1,590.00.
On Thursday, March 14th, Sime Armoyan bought 800 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.32 per share, with a total value of C$4,256.00.
On Monday, March 11th, Sime Armoyan purchased 7,700 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average cost of C$5.31 per share, with a total value of C$40,898.55.
On Thursday, March 7th, Sime Armoyan bought 23,100 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.30 per share, with a total value of C$122,430.00.
On Monday, March 4th, Sime Armoyan bought 2,800 shares of Morguard Real Estate Inv. stock. The stock was bought at an average cost of C$5.25 per share, with a total value of C$14,700.00.
On Friday, March 1st, Sime Armoyan purchased 6,900 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.32 per share, for a total transaction of C$36,708.00.

Morguard Real Estate Inv. Stock Performance

Shares of MRT.UN traded up C$0.06 on Friday, reaching C$5.36. 7,250 shares of the company’s stock traded hands, compared to its average volume of 13,649. The stock’s 50 day simple moving average is C$5.34 and its two-hundred day simple moving average is C$5.34. The stock has a market cap of C$344.49 million, a PE ratio of -4.62 and a beta of 1.42. 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 current ratio of 0.04, a quick ratio of 0.04 and a debt-to-equity ratio of 131.30.

Wall Street Analysts Forecast Growth

Separately, TD Securities cut their target price 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 research report on Tuesday, February 20th.

Read Our Latest Report on MRT.UN

Morguard Real Estate Inv. Company Profile

(Get Free Report)

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.