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Morguard Corp T.MRC

Alternate Symbol(s):  MRCBF

Morguard Corporation is a Canada-based real estate and property management company. The Company’s principal activities include the acquisition, development and ownership of multi-suite residential, commercial and hotel properties. The Company has various retail, office, industrial, hotel and residential holdings owned directly and through its investment in Morguard Real Estate Investment Trust and Morguard North American Residential REIT. Its owned and managed portfolio of assets is valued at over $17.6 billion. The Company owns a diversified portfolio of over 160 multi-suites residential, retail, office, industrial and hotel properties located in Canada and in the United States. The Company also provides real estate management services to institutional and other investors. The Company, through Lincluden Investment Management Limited, offers institutional clients and private investors a broad range of global investment products across equity, fixed-income and balanced portfolios.


TSX:MRC - Post by User

Comment by mariorizzion Jun 29, 2021 2:05pm
158 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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