Insider Buying: Morguard North American Residential REIT (TSE:MRG.UN) Insider Buys 500 Shares of Stock

Morguard North American Residential REIT (TSE:MRG.UN - Get Free Report) insider Sime Armoyan acquired 500 shares of the stock in a transaction dated Tuesday, April 23rd. The shares were bought at an average cost of C$110.00 per share, with a total value of C$55,000.00.

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

  • On Monday, April 15th, Sime Armoyan acquired 100 shares of Morguard North American Residential REIT stock. The shares were bought 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 acquired 400 shares of Morguard North American Residential REIT stock. The shares were bought at an average cost of C$110.00 per share, with a total value of C$43,998.52.
  • On Friday, February 23rd, Sime Armoyan acquired 3,600 shares of Morguard North American Residential REIT stock. The shares were bought at an average cost of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Stock Down 0.6 %

Shares of TSE MRG.UN opened at C$15.55 on Wednesday. Morguard North American Residential REIT has a 52-week low of C$13.08 and a 52-week high of C$17.72. The firm has a fifty day moving average of C$15.79 and a 200-day moving average of C$14.90. The stock has a market capitalization of C$586.86 million, a PE ratio of 3.33 and a beta of 1.18. The company has a quick ratio of 0.09, a current ratio of 0.19 and a debt-to-equity ratio of 92.78.

About Morguard North American Residential REIT

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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.

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