Morguard (TSE:MRC) Insider Sime Armoyan Acquires 200 Shares

Morguard Co. (TSE:MRC) insider Sime Armoyan bought 200 shares of the business’s stock in a transaction on Monday, March 30th. The shares were acquired at an average price of C$114.75 per share, for a total transaction of C$22,950.00. Following the completion of the purchase, the insider owned 1,394,923 shares in the company, valued at approximately C$160,067,414.25. The trade was a 0.01% increase in their position.

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

• On Tuesday, March 31st, Sime Armoyan purchased 300 shares of Morguard stock. The stock was acquired at an average price of C$114.75 per share, with a total value of C$34,425.00.
• On Tuesday, March 17th, Sime Armoyan purchased 5,500 shares of Morguard stock. The shares were acquired at an average cost of C$115.00 per share, for a total transaction of C$632,500.00.

Morguard Trading Up 0.1%

Shares of TSE:MRC opened at C$114.85 on Wednesday. The company has a debt-to-equity ratio of 128.26, a current ratio of 0.27 and a quick ratio of 0.13. Morguard Co. has a 1 year low of C$107.77 and a 1 year high of C$122.50. The company has a market cap of C$1.23 billion, a P/E ratio of 7.03 and a beta of 0.17. The stock’s fifty day moving average price is C$115.89 and its 200-day moving average price is C$115.76.

Morguard (TSE:MRC) last released its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C$2.33 EPS for the quarter. Morguard had a return on equity of 4.01% and a net margin of 15.68%.The company had revenue of C$278.02 million during the quarter. Sell-side analysts expect that Morguard Co. will post 26.1506276 earnings per share for the current year.

About Morguard

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.