Morguard (TSE:MRC) Insider Sime Armoyan Acquires 1,900 Shares

Morguard Co. (TSE:MRC) insider Sime Armoyan acquired 1,900 shares of the business’s stock in a transaction dated Friday, October 3rd. The shares were acquired at an average cost of C$115.10 per share, with a total value of C$218,690.00. Following the transaction, the insider owned 1,348,223 shares in the company, valued at approximately C$155,180,467.30. This trade represents a 0.14% increase in their ownership of the stock.

Morguard Price Performance

TSE MRC opened at C$116.11 on Tuesday. The business’s fifty day moving average is C$117.03 and its 200 day moving average is C$115.54. Morguard Co. has a fifty-two week low of C$107.77 and a fifty-two week high of C$126.57. The company has a debt-to-equity ratio of 129.63, a quick ratio of 0.13 and a current ratio of 0.24. The company has a market capitalization of C$1.24 billion, a PE ratio of 6.57 and a beta of 0.38.

About Morguard

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management.