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

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan acquired 1,300 shares of Morguard North American Residential REIT stock in a transaction on Monday, April 29th. The stock was purchased at an average cost 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 bought 100 shares of Morguard North American Residential REIT stock. The shares were bought at an average cost of C$110.00 per share, for a total transaction of C$11,000.00.
• On Tuesday, April 23rd, Sime Armoyan purchased 500 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$55,000.00.
• On Monday, April 15th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$109.90 per share, for a total transaction of C$10,990.00.
• On Thursday, February 29th, Sime Armoyan purchased 400 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction 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 acquired at an average price of C$110.00 per share, for a total transaction of C$396,000.00.

Morguard North American Residential REIT Stock Performance

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

Wall Street Analyst Weigh In

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

About Morguard North American Residential REIT

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.