Insider Buying: Morguard North American Residential REIT (TSE:MRG.UN) Insider Purchases 100 Shares of Stock

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan acquired 100 shares of the firm’s stock in a transaction that occurred on Thursday, April 25th. The stock was purchased at an average price 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 bought 500 shares of Morguard North American Residential REIT stock. The stock was purchased at an average cost of C$110.00 per share, for a total transaction 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 purchased 400 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$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 Stock Down 0.1 %

MRG.UN traded down C$0.02 on Friday, hitting C$15.53. 10,062 shares of the company were exchanged, compared to its average volume of 22,426. The company has a market cap of C$586.10 million, a price-to-earnings ratio of 3.33 and a beta of 1.18. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 92.78. The firm has a 50-day moving average price of C$15.81 and a two-hundred day moving average price of C$14.91. Morguard North American Residential REIT has a twelve month low of C$13.08 and a twelve month high of C$17.72.

Analyst Upgrades and Downgrades

Separately, TD Securities lowered their target price on shares of Morguard North American Residential REIT from C$23.00 to C$22.00 in a research note on Wednesday.

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.