Insider Buying: Morguard North American Residential REIT (TSE:MRG.UN) Insider Buys 2,100 Shares of Stock

Morguard North American Residential REIT (TSE:MRG.UN - Get Free Report) insider Sime Armoyan purchased 2,100 shares of the firm's stock in a transaction that occurred on Monday, May 6th. The stock was bought at an average price of C$110.00 per share, for a total transaction of C$231,000.00.

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

• On Monday, April 29th, Sime Armoyan purchased 1,300 shares of Morguard North American Residential REIT stock. The shares were purchased at an average price of C$110.00 per share, for a total transaction of C$143,000.00.
• On Thursday, April 25th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The shares were bought at an average cost of C$110.00 per share, for a total transaction 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, 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 stock was purchased 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 stock was purchased 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 purchased 3,600 shares of Morguard North American Residential REIT stock. The shares were acquired at an average cost of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Stock Up 1.4 %

Shares of MRG.UN traded up C$0.21 during trading hours on Tuesday, reaching C$15.69. 33,770 shares of the stock traded hands, compared to its average volume of 24,913. Morguard North American Residential REIT has a 52 week low of C$13.08 and a 52 week high of C$17.72. The company has a current ratio of 0.15, a quick ratio of 0.09 and a debt-to-equity ratio of 92.48. The stock has a fifty day simple moving average of C$15.72 and a 200 day simple moving average of C$14.92. The company has a market cap of C$590.10 million, a price-to-earnings ratio of 3.38 and a beta of 1.18.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on MRG.UN shares. TD Securities dropped their target price on shares of Morguard North American Residential REIT from C$23.00 to C$22.00 in a report on Wednesday, April 24th. Royal Bank of Canada cut their target price on Morguard North American Residential REIT from C$20.00 to C$19.00 and set an "outperform" rating on the stock in a research report on Thursday, May 2nd.

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.