Morguard buying at Morguard REIT (MRT)

Morguard buying at Morguard REIT (T:MRT)

Morguard Corporation (MRC), a 10% Holder, acquired 313,048 Units on a direct ownership basis at a price of $11.820 on June 3rd, 2019. This represents a $3,700,227 investment into the company's shares and an account share holdings change of 3.4%.

Morguard REIT is in the Commercial REITs Sub Industry Group under the Financials Sector.

Morguard Real Estate Investment Trust (the Trust) is a Canada-based closed-end trust. The Trust's objective is to accumulate a Canadian portfolio of real estate assets and then manage the portfolio to generate steady, dependable returns to unitholders. It owns a real estate portfolio of approximately 50 commercial properties consisting of approximately nine million square feet of gross leasable area located in the provinces of British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Quebec. The retail portfolio includes two categories of properties: enclosed full-scale, regional shopping centers that are dominant in their respective markets, and neighborhood and community shopping centers that are primarily anchored by food retailers, discount department stores and banking institutions. The Trust's office portfolio is focused on properties in Canadian urban centers. Its property portfolio comprises approximately 30 office and industrial properties, and over 20 retail properties. Morguard Real Estate Investment Trust (MRT) has a high amount of executive buying compared to its mid-cap peers in the market over the past three months. According to regulatory filings yesterday, one insider has invested a total amount of $3,700,227.