Morguard North American Residential REIT (TSE:MRG.UN) Insider Acquires C$99,000.00 in Stock

Morguard North American Residential REIT (TSE:MRG.UN - Get Free Report) insider Sime Armoyan purchased 900 shares of the business's stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of C$110.00 per share, for a total transaction of C$99,000.00.

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

• On Monday, May 6th, Sime Armoyan acquired 2,100 shares of Morguard North American Residential REIT stock. The stock was acquired at an average price of C$110.00 per share, for a total transaction of C$231,000.00.
• On Monday, April 29th, Sime Armoyan bought 1,300 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$143,000.00.
• On Thursday, April 25th, Sime Armoyan purchased 100 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$11,000.00.
• On Tuesday, April 23rd, Sime Armoyan acquired 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 purchased 100 shares of Morguard North American Residential REIT stock. The shares were bought 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 bought 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 purchased at an average price of C$110.00 per share, for a total transaction of C$396,000.00.

Morguard North American Residential REIT Stock Performance

Shares of TSE MRG.UN traded up C$0.05 during midday trading on Thursday, hitting C$16.17. 40,806 shares of the company's stock traded hands, compared to its average volume of 25,993. The company has a debt-to-equity ratio of 92.48, a quick ratio of 0.09 and a current ratio of 0.15. The stock has a market capitalization of C$608.15 million, a price-to-earnings ratio of 3.52 and a beta of 1.18. The firm has a fifty day moving average of C$15.72 and a 200 day moving average of C$14.94. Morguard North American Residential REIT has a 1 year low of C$13.08 and a 1 year high of C$17.72.

Wall Street Analyst Weigh In

MRG.UN has been the subject of a number of recent research reports. TD Securities lowered 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, April 24th. Royal Bank of Canada cut their price target 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 note on Thursday, May 2nd.

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.