Morguard Real Estate Inv. (TSE:MRT.UN) had its price objective cut by CIBC from C$13.00 to C$12.50 in a report released on Friday morning, BayStreet.CA reports.
Shares of MRT.UN stock opened at C$11.96 on Friday. The firm has a market cap of $725.96 million and a PE ratio of 10.91. The company has a 50-day moving average of C$12.16. The company has a current ratio of 0.12, a quick ratio of 0.09 and a debt-to-equity ratio of 85.32. Morguard Real Estate Inv. has a 52-week low of C$10.45 and a 52-week high of C$13.21.
In other Morguard Real Estate Inv. news, insider Morguard Corporation purchased 25,000 shares of the business’s 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 purchase, the insider now directly owns 9,425,684 shares in the company, valued at C$116,124,426.88.
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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