Insider Buying: Morguard North American Residential REIT (TSE:MRG.UN) Insider Acquires 500 Shares of Stock

Morguard North American Residential REIT (TSE:MRG.UN - Get Free Report) insider Sime Armoyan acquired 500 shares of the company's stock in a transaction that occurred on Tuesday, April 23rd. The stock was bought at an average price of C$110.00 per share, with a total value of C$55,000.00.

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

• On Monday, April 15th, Sime Armoyan acquired 100 shares of Morguard North American Residential REIT stock. The stock was bought at an average price of C$109.90 per share, with a total value of C$10,990.00.
• On Thursday, February 29th, Sime Armoyan bought 400 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$43,998.52.
• On Friday, February 23rd, Sime Armoyan bought 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 Trading Down 0.6 %

Shares of Morguard North American Residential REIT stock traded down C$0.09 on Tuesday, hitting C$15.55. 46,689 shares of the company's stock traded hands, compared to its average volume of 22,582. The firm's 50-day moving average price is C$15.79 and its two-hundred day moving average price is C$14.90. The stock has a market capitalization of C$586.86 million, a PE ratio of 3.33 and a beta of 1.18. Morguard North American Residential REIT has a one year low of C$13.08 and a one year high of C$17.72. 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 Company Profile

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.