Morguard North American Residential REIT (TSE:MRG.UN) Insider Sime Armoyan Acquires 100 Shares

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan acquired 100 shares of the stock in a transaction 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 acquired 500 shares of Morguard North American Residential REIT stock. The shares were purchased 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 acquired 100 shares of Morguard North American Residential REIT stock. The shares were purchased at an average cost 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 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 bought at an average price of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Price Performance

Shares of TSE:MRG.UN opened at C$15.50 on Friday. Morguard North American Residential REIT has a 1-year low of C$13.08 and a 1-year high of C$17.72. The business has a fifty day moving average price of C$15.80 and a 200-day moving average price of C$14.91. The company has a market capitalization of C$584.97 million, a PE ratio of 3.32 and a beta of 1.18. The company has a debt-to-equity ratio of 92.78, a current ratio of 0.19 and a quick ratio of 0.09.

Wall Street Analysts Forecast Growth

Separately, TD Securities reduced their price target on Morguard North American Residential REIT from C$23.00 to C$22.00 in a report on Wednesday.

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.