Morguard North American Residential REIT (TSE:MRG.UN) Insider Acquires C$11,000.00 in Stock

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock in a transaction on Thursday, April 25th. The shares were purchased at an average cost of C$110.00 per share, for a total transaction of C$11,000.00.

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

• On Tuesday, April 23rd, Sime Armoyan acquired 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 acquired 100 shares of Morguard North American Residential REIT stock. The shares were bought at an average cost 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 stock was bought at an average cost of C$110.00 per share, for a total transaction of C$43,998.52.
• On Friday, February 23rd, Sime Armoyan bought 3,600 shares of Morguard North American Residential REIT stock. The stock was acquired at an average cost of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Trading Down 0.1 %

Shares of Morguard North American Residential REIT stock traded down C$0.02 during trading on Friday, hitting C$15.53. The company’s stock had a trading volume of 10,062 shares, compared to its average volume of 22,426. The stock has a market cap of C$586.10 million, a price-to-earnings ratio of 3.33 and a beta of 1.18. 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 has a 50-day moving average price of C$15.81 and a two-hundred day moving average price of C$14.91. Morguard North American Residential REIT has a 52 week low of C$13.08 and a 52 week high of C$17.72.

Analyst Ratings Changes

Separately, TD Securities cut their price target on Morguard North American Residential REIT from C$23.00 to C$22.00 in a research note on Wednesday.

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.