Morguard Corp., whose property portfolio includes Holt Renfrew on Bloor Street in Toronto, ranks in the top 30 per cent of all stocks ranked in Canada by INK Edge Outlook.Deborah Baic/The Globe and Mail
In recognition of the Bank of Canada's loosening position on monetary policy, we revisit diversified real estate operator Morguard Corp. We last featured Morguard just over two years ago when the Bank of Canada was sounding particularly dovish, and CEO Rai Sahi was buying under $70. Recently, he bought another 25,501 shares this June at $105.10. He now holds 6,691,000 shares signalling a significant ownership commitment. Morguard's INK Edge Outlook is mostly sunny putting it in the top 30 per cent of all stocks ranked in Canada.
Ted Dixon is CEO of INK Research which provides insider news and knowledge to investors. For more background on insider reporting in Canada, visit the FAQ section at www.inkresearch.com. Securities referenced in this profile may have already appeared in recent reports distributed to INK subscribers. INK staff may also hold a position in profiled securities.
Infographic reflects public-market transactions of common shares or unit trusts by company officers and directors.