Morguard North American Residential REIT (TSE:MRG.UN) Insider Buys C$55,000.00 in Stock

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan acquired 500 shares of the company’s stock in a transaction on Tuesday, April 23rd. The stock was acquired at an average cost of C$110.00 per share, for a total transaction of C$55,000.00.

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

• On Monday, April 15th, Sime Armoyan purchased 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 purchased 400 shares of Morguard North American Residential REIT stock. The shares were purchased at an average cost of C$110.00 per share, for a total transaction 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 purchased at an average cost of C$110.00 per share, for a total transaction of C$396,000.00.

Morguard North American Residential REIT Stock Performance

Shares of MRG.UN stock opened at C$15.59 on Thursday. The firm has a market cap of C$588.37 million, a price-to-earnings ratio of 3.34 and a beta of 1.18. The company has a debt-to-equity ratio of 92.78, a quick ratio of 0.09 and a current ratio of 0.19. Morguard North American Residential REIT has a 52 week low of C$13.08 and a 52 week high of C$17.72. The firm’s 50-day simple moving average is C$15.79 and its two-hundred day simple moving average is C$14.90.

Analysts Set New Price Targets

Separately, TD Securities dropped 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.

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.