Morguard (TSE:MRC) Insider Sime Armoyan Buys 300 Shares

Morguard Co. (TSE:MRC) insider Sime Armoyan bought 300 shares of the company’s stock in a transaction dated Tuesday, March 31st. The shares were purchased at an average cost of C$114.75 per share, with a total value of C$34,425.00. Following the acquisition, the insider directly owned 1,395,223 shares of the company’s stock, valued at approximately C$160,101,839.25. This represents a 0.02% increase in their position.

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

• On Monday, March 30th, Sime Armoyan bought 200 shares of Morguard stock. The stock was acquired at an average cost of C$114.75 per share, with a total value of C$22,950.00.
• On Tuesday, March 17th, Sime Armoyan purchased 5,500 shares of Morguard stock. The stock was acquired at an average price of C$115.00 per share, for a total transaction of C$632,500.00.

Morguard Price Performance

TSE:MRC opened at C$114.85 on Wednesday. Morguard Co. has a 52 week low of C$107.77 and a 52 week high of C$122.50. The company has a debt-to-equity ratio of 128.26, a quick ratio of 0.13 and a current ratio of 0.27. The firm’s 50-day simple moving average is C$115.89 and its 200 day simple moving average is C$115.76. The firm has a market cap of C$1.23 billion, a price-to-earnings ratio of 7.03 and a beta of 0.17.

Morguard (TSE:MRC) last posted its quarterly earnings data on Thursday, February 19th. The real estate investment trust reported C$2.33 earnings per share (EPS) for the quarter. Morguard had a net margin of 15.68% and a return on equity of 4.01%. The firm had revenue of C$278.02 million during the quarter. As a group, sell-side analysts predict 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.