Morguard North American Residential REIT (TSE:MRG.UN) Insider Buys C$231,000.00 in Stock

Posted by Joseph Griffin on May 10th, 2024

Morguard North American Residential REIT (TSE:MRG.UN – Get Free Report) insider Sime Armoyan bought 2,100 shares of the business’s stock in a transaction on Monday, May 6th. The shares were acquired at an average cost of C$110.00 per share, for a total transaction of C$231,000.00.

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

On Wednesday, May 8th, Sime Armoyan purchased 900 shares of Morguard North American Residential REIT stock. The stock was purchased at an average price of C$110.00 per share, for a total transaction of C$99,000.00.
On Monday, April 29th, Sime Armoyan purchased 1,300 shares of Morguard North American Residential REIT stock. The stock was purchased at an average price of C$110.00 per share, for a total transaction of C$143,000.00.
On Thursday, April 25th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The stock was purchased 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 purchased 500 shares of Morguard North American Residential REIT stock. The stock was purchased at an average price of C$110.00 per share, for a total transaction of C$55,000.00.
On Monday, April 15th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The stock was purchased 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 bought 400 shares of Morguard North American Residential REIT stock. The stock was 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 bought 3,600 shares of Morguard North American Residential REIT stock. The stock was 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 Up 0.3 %

MRG.UN stock opened at C$16.17 on Friday. The firm has a 50 day moving average of C$15.72 and a 200 day moving average of C$14.94. The stock has a market capitalization of C$608.15 million, a PE ratio of 3.52 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. Morguard North American Residential REIT has a 52 week low of C$13.08 and a 52 week high of C$17.72.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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, April 24th. Royal Bank of Canada lowered their target price 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 research note on Thursday, May 2nd.

Read Our Latest Stock Report on Morguard North American Residential REIT

About Morguard North American Residential REIT

(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.