Morguard North American Residential REIT (TSE:MRG.UN) Insider Sime Armoyan Buys 2,100 Shares

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan purchased 2,100 shares of the business’s stock in a transaction dated Monday, May 6th. The shares were purchased at an average cost of C$110.00 per share, with a total value of C$231,000.00.

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

• 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 acquired 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 price 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 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 purchased 400 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$43,998.52.
• On Friday, February 23rd, Sime Armoyan acquired 3,600 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$396,000.00.

Morguard North American Residential REIT Trading Up 1.4 %

Shares of MRG.UN opened at C$15.69 on Wednesday. Morguard North American Residential REIT has a fifty-two week low of C$13.08 and a fifty-two week high of C$17.72. The stock has a fifty day moving average of C$15.71 and a two-hundred day moving average of C$14.93. 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 company has a market capitalization of C$590.10 million, a PE ratio of 3.41 and a beta of 1.18.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MRG.UN. TD Securities dropped their price objective on 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 lowered their price target on shares of Morguard North American Residential REIT from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report 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.