Morguard Real Estate Inv. (TSE:MRT.UN) PT Lowered to C$12.50

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Morguard Real Estate Inv. (TSE:MRT.UN) had its target price decreased by TD Securities from C$13.00 to C$12.50 in a research note published on Friday, BayStreet.CA reports. TD Securities currently has a hold rating on the stock.

Separately, CIBC reduced their price objective on shares of Morguard Real Estate Inv. from C$13.00 to C$12.50 in a research report on Friday.

Shares of TSE:MRT.UN opened at C$11.96 on Friday. The company has a debt-to-equity ratio of 85.32, a quick ratio of 0.09 and a current ratio of 0.12. The firm has a market capitalization of $725.96 million and a P/E ratio of 10.91. Morguard Real Estate Inv. has a 52 week low of C$10.45 and a 52 week high of C$13.21. The firm has a 50-day moving average price of C$12.16.

In other news, insider Morguard Corporation acquired 25,000 shares of Morguard Real Estate Inv. stock in a transaction that occurred on Thursday, June 6th. The stock was purchased at an average price of C$12.32 per share, for a total transaction of C$308,000.00. Following the completion of the transaction, the insider now directly owns 9,425,684 shares in the company, valued at C$116,124,426.88.

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.

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