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

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan acquired 100 shares of the business’s stock in a transaction that occurred on Thursday, April 25th. The shares were bought at an average price of C$110.00 per share, for a total transaction of C$11,000.00.

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

• On Tuesday, April 23rd, Sime Armoyan bought 500 shares of Morguard North American Residential REIT stock. The shares were purchased 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 shares were purchased at an average cost of C$109.90 per share, for a total transaction of C$10,990.00.
• On Thursday, February 29th, Sime Armoyan bought 400 shares of Morguard North American Residential REIT stock. The shares were purchased at an average cost of C$110.00 per share, for a total transaction of C$43,998.52.
• On Friday, February 23rd, Sime Armoyan acquired 3,600 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Stock Down 0.3 %

Shares of Morguard North American Residential REIT stock opened at C$15.50 on Friday. The firm has a market cap of C$584.97 million, a price-to-earnings ratio of 3.32 and a beta of 1.18. 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 52-week low of C$13.08 and a 52-week high of C$17.72. The stock has a 50-day simple moving average of C$15.80 and a 200-day simple moving average of C$14.91.

Wall Street Analyst Weigh In

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

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.