Wed Sep 25 07:06:46 UTC 2024: ## Morguard Real Estate Investment Surges Above Key Technical Level

**Toronto, Canada – September 25, 2024** – Shares of Morguard Real Estate Investment Trust (MRT.UN) climbed above their 200-day moving average on Tuesday, signaling potential bullish momentum. The stock hit a high of C$5.65, surpassing the moving average of C$5.37. A total of 100 shares were traded during the day.

This positive movement follows a recent price target increase by TD Securities. The investment firm raised their target from C$5.50 to C$6.00 and maintained a “hold” rating on Morguard Real Estate Investment, according to a report released on September 4th.

Further positive news comes from insider activity. Sime Armoyan, an insider at Morguard Real Estate Investment, purchased 6,300 shares of the company stock on August 15th at an average price of C$5.32 per share, totaling C$33,516.00. Over the past quarter, insiders have acquired a total of 87,000 shares worth C$464,115. Notably, company insiders own 91.80% of the stock.

Morguard Real Estate Investment Trust is a closed-end real estate investment trust holding a diverse portfolio of 49 income-producing properties in Canada. These properties include retail, office, and industrial spaces, totaling approximately 8.6 million square feet and a book value of $3.0 billion.

Investors interested in staying informed about Morguard Real Estate Investment can sign up for MarketBeat.com’s free daily email newsletter, providing concise updates on news and analysts’ ratings for the company.

Read More