Morguard (TSE:MRC) Insider Sime Armoyan Buys 1,900 Shares

Key Points

• Insider Sime Armoyan purchased 1,900 shares of Morguard Co. at an average price of C$115.10 per share, totaling C$218,690.
• Post-transaction, Armoyan's stake in Morguard increased by 0.14%, bringing his total ownership to approximately C$155.2 million.
• Morguard's stock reached C$115.20 following the purchase, with a market capitalization of C$1.23 billion and a price-to-earnings ratio of 6.52.

Morguard Co. (TSE:MRC - ) insider Sime Armoyan acquired 1,900 shares of the business's stock in a transaction on Friday, October 3rd. The shares were purchased at an average cost of C$115.10 per share, for a total transaction of C$218,690.00. Following the completion of the acquisition, the insider directly owned 1,348,223 shares in the company, valued at approximately C$155,180,467.30. The trade was a 0.14% increase in their ownership of the stock.

Morguard Stock Performance

Shares of TSE MRC traded up C$0.20 during mid-day trading on Monday, reaching C$115.20. 1,507 shares of the company's stock were exchanged, compared to its average volume of 2,745. Morguard Co. has a 52 week low of C$107.77 and a 52 week high of C$126.57. The firm has a 50-day moving average price of C$117.07 and a two-hundred day moving average price of C$115.57. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 6.52 and a beta of 0.38. The company has a debt-to-equity ratio of 129.63, a current ratio of 0.24 and a quick ratio of 0.13.

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 instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.