Sime Armoyan Buys 1,300 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 1,300 shares of the business's stock in a transaction dated Monday, April 29th. The stock was purchased at an average cost of C$110.00 per share, with a total value of C$143,000.00.

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

• On Thursday, April 25th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock. The stock was bought at an average price of C$110.00 per share, with a total value of C$11,000.00.
• On Tuesday, April 23rd, Sime Armoyan bought 500 shares of Morguard North American Residential REIT stock. The stock was bought 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 acquired 100 shares of Morguard North American Residential REIT stock. The shares were acquired 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 acquired 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 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 Performance

Shares of MRG.UN stock traded down C$0.24 during trading hours on Tuesday, reaching C$15.20. The stock had a trading volume of 21,999 shares, compared to its average volume of 22,811. 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 twelve month low of C$13.08 and a twelve month high of C$17.72. The firm has a 50-day simple moving average of C$15.79 and a 200-day simple moving average of C$14.91. The firm has a market capitalization of C$573.65 million, a PE ratio of 3.25 and a beta of 1.18.

Wall Street Analyst Weigh In

Separately, TD Securities decreased their target price on shares of Morguard North American Residential REIT from C$23.00 to C$22.00 in a research note on Wednesday, April 24th.

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.