Key Points
- Sime Armoyan bought 5,500 shares of Morguard on March 17 at an average price of C$115.00, a transaction totaling C$632,500.
- Following the purchase he owns 1,390,223 shares (valued at about C$159,875,645), representing a 0.40% increase in his ownership.
- Morguard trades around C$115 with a market cap of C$1.23 billion and a P/E of 7.04, reported quarterly EPS of C$2.33, but shows high leverage (debt-to-equity 128.26) and low liquidity (quick ratio 0.13, current ratio 0.27).
Morguard Co. (TSE:MRC - Get Free Report) insider Sime Armoyan purchased 5,500 shares of the stock in a transaction dated Tuesday, March 17th. The shares were bought at an average cost of C$115.00 per share, for a total transaction of C$632,500.00. Following the completion of the purchase, the insider owned 1,390,223 shares in the company, valued at approximately C$159,875,645. This trade represents a 0.40% increase in their ownership of the stock.
Morguard Stock Down 0.4%
Shares of TSE MRC opened at C$115.02 on Friday. The stock has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 7.04 and a beta of 0.17. Morguard Co. has a 52 week low of C$107.77 and a 52 week high of C$122.50. The firm has a 50-day moving average price of C$116.47 and a 200 day moving average price of C$115.89. The company has a quick ratio of 0.13, a current ratio of 0.27 and a debt-to-equity ratio of 128.26.
Morguard (TSE:MRC - Get Free Report) last issued its earnings results on Thursday, February 19th. The real estate investment trust reported C$2.33 earnings per share for the quarter. Morguard had a net margin of 15.68% and a return on equity of 4.01%. The company had revenue of C$278.02 million for the quarter. Equities research analysts anticipate that Morguard Co. will post 26.1506276 EPS for the current fiscal year.
About Morguard
(
Get Free Report)
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.
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