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

Morguard North American Residential REIT (TSE:MRG.UN - Get Free Report) insider Sime Armoyan acquired 100 shares of Morguard North American Residential REIT stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average cost of C$110.00 per share, with a total value 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 stock was acquired at an average price of C$110.00 per share, with a total value of C$55,000.00.
• On Monday, April 15th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$109.90 per share, for a total transaction of C$10,990.00.
• On Thursday, February 29th, Sime Armoyan acquired 400 shares of Morguard North American Residential REIT stock. The stock was acquired at an average cost 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 cost of C$110.00 per share, for a total transaction of C$396,000.00.

Morguard North American Residential REIT Stock Performance

Shares of MRG.UN stock traded down C$0.05 during mid-day trading on Friday, reaching C$15.50. The stock had a trading volume of 42,298 shares, compared to its average volume of 22,823. Morguard North American Residential REIT has a one year low of C$13.08 and a one year high of C$17.72. The firm has a market cap of C$584.97 million, a PE ratio of 3.32 and a beta of 1.18. The firm's 50 day simple moving average is C$15.80 and its 200 day simple moving average is C$14.91. The company has a quick ratio of 0.09, a current ratio of 0.19 and a debt-to-equity ratio of 92.78.

Analyst Ratings Changes

Separately, TD Securities dropped their price target on shares of Morguard North American Residential REIT from C$23.00 to C$22.00 in a research 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.