Sime Armoyan Acquires 2,100 Shares of Morguard North American Residential REIT (TSE:MRG.UN) Stock

Posted by Defense World Staff on May 9th, 2024

Morguard North American Residential REIT (TSE:MRG.UN – Get Free Report) insider Sime Armoyan purchased 2,100 shares of Morguard North American Residential REIT stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of C$110.00 per share, with a total value of C$231,000.00.

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

On Monday, April 29th, Sime Armoyan bought 1,300 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$143,000.00.
On Thursday, April 25th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The stock was bought 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 acquired 500 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$55,000.00.
On Monday, April 15th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock. The stock was 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 purchased 400 shares of Morguard North American Residential REIT stock. The stock was purchased 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 bought 3,600 shares of Morguard North American Residential REIT stock. The shares were purchased 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

TSE MRG.UN opened at C$16.12 on Thursday. The company has a quick ratio of 0.09, a current ratio of 0.15 and a debt-to-equity ratio of 92.48. Morguard North American Residential REIT has a fifty-two week low of C$13.08 and a fifty-two week high of C$17.72. The business has a fifty day moving average of C$15.72 and a 200-day moving average of C$14.93. The stock has a market cap of C$606.27 million, a price-to-earnings ratio of 3.50 and a beta of 1.18.

Wall Street Analyst Weigh In

Several research firms recently commented on MRG.UN. TD Securities decreased their price objective on shares of Morguard North American Residential REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th. Royal Bank of Canada reduced their price target on shares of Morguard North American Residential REIT from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd.

Check Out Our Latest Stock Report on MRG.UN

Morguard North American Residential REIT 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.