Insider Buying: Morguard North American Residential REIT (TSE:MRG.UN) Insider Purchases 600 Shares of Stock

Morguard North American Residential REIT (TSE:MRG.UN - Get Free Report) insider Sime Armoyan acquired 600 shares of the firm's stock in a transaction that occurred on Friday, May 3rd. The shares were purchased at an average cost of C$110.00 per share, with a total value of C$66,000.00.

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

• On Wednesday, May 8th, Sime Armoyan bought 900 shares of Morguard North American Residential REIT stock. The stock was acquired at an average cost of C$110.00 per share, for a total transaction of C$99,000.00.
• On Monday, May 6th, Sime Armoyan acquired 2,100 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$231,000.00.
• On Monday, April 29th, Sime Armoyan bought 1,300 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$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 shares were bought at an average cost of C$110.00 per share, with a total value of C$55,000.00.
• On Monday, April 15th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock. The shares were purchased at an average cost 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 purchased 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 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 Up 0.5 %

Shares of Morguard North American Residential REIT stock traded up C$0.08 on Monday, hitting C$16.21. The company had a trading volume of 13,637 shares, compared to its average volume of 25,757. The firm has a market capitalization of C$609.66 million, a P/E ratio of 3.53 and a beta of 1.18. The company has a debt-to-equity ratio of 92.48, a current ratio of 0.15 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 stock has a 50-day moving average of C$15.73 and a 200-day moving average of C$14.97.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. TD Securities dropped their price objective on Morguard North American Residential REIT from C$23.00 to C$22.00 in a research note on Wednesday, April 24th. Royal Bank of Canada decreased their price objective on shares of 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.

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.