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Morguard Corp T.MRC

Alternate Symbol(s):  MRCBF

Morguard Corporation is a Canada-based real estate company. The Company’s principal activities include property ownership, development and investment advisory services. Property ownership encompasses interests in multi-suite residential, commercial and hotel properties located in Canada and the United States. The Company owns a diversified portfolio of 178 multi-suite residential, retail, office, industrial and hotel properties comprised of 17,566 residential suites, approximately 17.1 million square feet of commercial leasable space. The Company also owns a 65.0% interest in Morguard Real Estate Investment Trust and a 45.3% effective interest in Morguard North American Residential Real Estate Investment Trust. It also provides advisory and management services to institutional and other investors. The Company's subsidiaries include Morguard Real Estate Investment Trust and Morguard North American Residential Real Estate Investment Trust.


TSX:MRC - Post by User

Comment by mariorizzion Jun 29, 2021 2:05pm
118 Views
Post# 33466936

RE:123,000 share block traded by RBC at 1:31pm today.

RE:123,000 share block traded by RBC at 1:31pm today.It is hard to say if the selling is over, however, considering the considerable effort that this seller has used to lower the price to $130 in order to execute their trade, it seems to me unlikely that they would continue selling afterwards too, unless they have another block to distribute to their clients, which also seems unlikely, because they would have done it all at $130, if they did. And it is equally unlikely that they would try to distribute more shares at a lower price than $130 because it would hurt clients who took it at $130.

Furthermore, considering that my estimate was that the RBC client had sold about 100k shares over the last 10 days, and another 123k shares today, there are very few institutions or funds which hold these amounts (you can count them on 1 hand), so I think this trade is done.
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