Morguard North American Residential REIT (TSE:MRG.UN) Insider Sime Armoyan Purchases 1,300 Shares

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan purchased 1,300 shares of the stock in a transaction that occurred on Monday, April 29th. The stock was purchased at an average price of C$110.00 per share, with a total value of C$143,000.00.

Sime Armoyan also recently made the following trade(s):

• On Thursday, April 25th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The stock was purchased at an average price of C$110.00 per share, with a total value of C$11,000.00.
• On Tuesday, April 23rd, Sime Armoyan purchased 500 shares of Morguard North American Residential REIT stock. The stock was purchased at an average price of C$110.00 per share, with a total value of C$55,000.00.
• On Monday, April 15th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock. The shares were bought at an average price of C$109.90 per share, with a total value of C$10,990.00.
• On Thursday, February 29th, Sime Armoyan acquired 400 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$43,998.52.
• On Friday, February 23rd, Sime Armoyan acquired 3,600 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Price Performance

TSE MRG.UN opened at C$14.92 on Thursday. The company has a debt-to-equity ratio of 92.78, a current ratio of 0.19 and a quick ratio of 0.09. The stock’s fifty day moving average price is C$15.78 and its 200 day moving average price is C$14.92. Morguard North American Residential REIT has a 1 year low of C$13.08 and a 1 year high of C$17.72. The company has a market cap of C$563.08 million, a price-to-earnings ratio of 3.19 and a beta of 1.18.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their price objective on Morguard North American Residential REIT from C$23.00 to C$22.00 in a report on Wednesday, April 24th.

Morguard North American Residential REIT Company Profile

The REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management.