Sime Armoyan Buys 500 Shares of Morguard North American Residential REIT (TSE:MRG.UN) Stock

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan purchased 500 shares of Morguard North American Residential REIT stock in a transaction that occurred on Tuesday, April 23rd. The shares were bought at an average price of C$110.00 per share, with a total value of C$55,000.00.

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

• On Monday, April 15th, Sime Armoyan purchased 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 purchased 400 shares of Morguard North American Residential REIT stock. The shares were bought 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 purchased 3,600 shares of Morguard North American Residential REIT stock. The shares were bought at an average price of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Stock Up 0.3 %

Shares of MRG.UN opened at C$15.59 on Thursday. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 92.78. The stock’s 50 day moving average is C$15.79 and its two-hundred day moving average is C$14.90. The firm has a market cap of C$588.37 million, a P/E ratio of 3.34 and a beta of 1.18. Morguard North American Residential REIT has a 12 month low of C$13.08 and a 12 month high of C$17.72.

Wall Street Analyst Weigh In

Separately, TD Securities dropped their price objective on Morguard North American Residential REIT from C$23.00 to C$22.00 in a report 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.