Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Buys C$55,500.00 in Stock

Posted by MarketBeat News on May 27th, 2024

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) insider Sime Armoyan acquired 500 shares of the company’s stock in a transaction that occurred on Friday, May 24th. The stock was bought at an average price of C$111.00 per share, with a total value of C$55,500.00.

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

On Wednesday, May 22nd, Sime Armoyan acquired 1,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$111.00 per share, with a total value of C$122,100.00.
On Tuesday, May 14th, Sime Armoyan acquired 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$111.00 per share, with a total value of C$33,299.01.
On Friday, May 3rd, Sime Armoyan acquired 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$110.00 per share, with a total value of C$66,000.00.
On Wednesday, May 8th, Sime Armoyan acquired 900 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$110.00 per share, with a total value of C$99,000.00.
On Monday, May 6th, Sime Armoyan acquired 2,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$110.00 per share, with a total value of C$231,000.00.
On Monday, April 29th, Sime Armoyan acquired 1,300 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought 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 bought 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$11,000.00.
On Tuesday, April 23rd, Sime Armoyan bought 500 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired 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 Real Estate Investment Trust stock. The shares were acquired at an average price of C$109.90 per share, with a total value of C$10,990.00.
On Thursday, February 29th, Sime Armoyan bought 400 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$43,998.52.

Morguard North American Residential Real Estate Investment Trust Price Performance

Shares of MRG.UN stock opened at C$15.50 on Monday. Morguard North American Residential Real Estate Investment Trust has a 12-month low of C$13.08 and a 12-month high of C$17.19. The firm has a market capitalization of C$582.96 million, a price-to-earnings ratio of 3.37 and a beta of 1.18. The company has a quick ratio of 0.09, a current ratio of 0.15 and a debt-to-equity ratio of 92.48. The firm has a fifty day moving average of C$15.69 and a 200-day moving average of C$15.14.

Analyst Upgrades and Downgrades

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Several brokerages have commented on MRG.UN. TD Securities dropped their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a research report on Wednesday, April 24th. Royal Bank of Canada dropped their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd.

Check Out Our Latest Report on MRG.UN

About Morguard North American Residential Real Estate Investment Trust

(Get Free Report)

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.