Insider Buying: Morguard (TSE:MRC) Insider Acquires C$632,500.00 in Stock

Morguard Co. (TSE:MRC) insider Sime Armoyan bought 5,500 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was acquired at an average cost of C$115.00 per share, for a total transaction of C$632,500.00. Following the completion of the purchase, the insider directly owned 1,390,223 shares in the company, valued at approximately C$159,875,645. This represents a 0.40% increase in their ownership of the stock.

Morguard Trading Down 0.2%

Shares of Morguard stock opened at C$114.75 on Friday. The company has a debt-to-equity ratio of 128.26, a current ratio of 0.27 and a quick ratio of 0.13. The stock’s 50 day simple moving average is C$116.40 and its 200-day simple moving average is C$115.86. The stock has a market cap of C$1.23 billion, a P/E ratio of 7.02 and a beta of 0.17. Morguard Co. has a 1-year low of C$107.77 and a 1-year high of C$122.50.

Morguard (TSE:MRC) last announced its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C$2.33 EPS for the quarter. The firm had revenue of C$278.02 million for the quarter. Morguard had a return on equity of 4.01% and a net margin of 15.68%. Analysts predict that Morguard Co. will post 26.1506276 EPS for the current fiscal year.

Morguard Company Profile

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors.