Morguard (TSE:MRC) Insider Purchases C$34,425.00 in Stock

Morguard Co. (TSE:MRC) insider Sime Armoyan purchased 300 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was purchased at an average price of C$114.75 per share, with a total value of C$34,425.00. Following the transaction, the insider owned 1,395,223 shares of the company’s stock, valued at approximately C$160,101,839.25. This represents a 0.02% increase in their ownership of the stock.

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

• On Monday, March 30th, Sime Armoyan acquired 200 shares of Morguard stock. The stock was acquired at an average price of C$114.75 per share, for a total transaction of C$22,950.00.
• On Tuesday, March 17th, Sime Armoyan bought 5,500 shares of Morguard stock. The shares were acquired at an average price of C$115.00 per share, with a total value of C$632,500.00.

Morguard Stock Performance

Shares of MRC opened at C$116.23 on Friday. The company has a current ratio of 0.27, a quick ratio of 0.13 and a debt-to-equity ratio of 128.26. The stock has a market cap of C$1.24 billion, a P/E ratio of 7.11 and a beta of 0.17. The company has a 50-day moving average of C$115.79 and a two-hundred day moving average of C$115.77. Morguard Co. has a 12-month low of C$107.77 and a 12-month high of C$121.63.

Morguard (TSE:MRC) last released its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C$2.33 EPS for the quarter. Morguard had a net margin of 15.68% and a return on equity of 4.01%. The business had revenue of C$278.02 million for the quarter. As a group, research analysts predict that Morguard Co. will post 26.1506276 EPS for the current fiscal year.

About Morguard

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors.