Insider Buying: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Acquires C$44,200.00 in Stock

Posted by Samantha Reynolds on Jul 11th, 2024

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) insider Sime Armoyan purchased 400 shares of the business’s stock in a transaction on Friday, July 5th. The stock was purchased at an average cost of C$110.50 per share, for a total transaction of C$44,200.00.

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

On Tuesday, July 9th, Sime Armoyan acquired 400 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.38 per share, with a total value of C$44,152.00.
On Thursday, June 20th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average price of C$110.50 per share, with a total value of C$11,050.00.
On Monday, June 17th, Sime Armoyan purchased 11,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$1,221,000.00.
On Friday, June 14th, Sime Armoyan acquired 2,900 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average cost of C$110.75 per share, with a total value of C$321,175.00.
On Tuesday, June 11th, Sime Armoyan purchased 4,600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average price of C$110.98 per share, for a total transaction of C$510,525.02.
On Friday, May 31st, Sime Armoyan acquired 5,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$111.00 per share, for a total transaction of C$577,200.00.
On Tuesday, May 28th, Sime Armoyan bought 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average cost of C$111.00 per share, for a total transaction of C$33,300.00.
On Friday, May 24th, Sime Armoyan purchased 500 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average cost of C$111.00 per share, with a total value of C$55,500.00.
On Wednesday, May 22nd, Sime Armoyan acquired 1,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$111.00 per share, with a total value of C$122,100.00.
On Tuesday, May 14th, Sime Armoyan bought 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$111.00 per share, for a total transaction of C$33,299.01.

Morguard North American Residential Real Estate Investment Trust Price Performance

Shares of TSE MRG.UN opened at C$15.82 on Thursday. The company has a debt-to-equity ratio of 92.48, a current ratio of 0.15 and a quick ratio of 0.09. The stock has a market capitalization of C$594.99 million, a price-to-earnings ratio of 3.44 and a beta of 1.18. The firm’s 50 day simple moving average is C$15.52 and its 200-day simple moving average is C$15.48. Morguard North American Residential Real Estate Investment Trust has a 12 month low of C$13.08 and a 12 month high of C$17.00.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Royal Bank of Canada decreased their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research note on Thursday, May 2nd. TD Securities reduced their price objective on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a research note on Wednesday, April 24th.

View Our Latest Research Report on MRG.UN

Morguard North American Residential Real Estate Investment Trust Company Profile

(Get Free Report)

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.