Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Acquires C$87,970.96 in Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 800 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of C$109.96 per share, for a total transaction of C$87,970.96.

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

• On Friday, August 2nd, Sime Armoyan bought 200 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$111.00 per share, with a total value of C$22,200.00.
• On Tuesday, July 9th, Sime Armoyan purchased 400 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average cost of C$110.38 per share, for a total transaction of C$44,152.00.
• On Friday, July 5th, Sime Armoyan bought 400 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.50 per share, for a total transaction of C$44,200.00.
• On Thursday, June 20th, Sime Armoyan acquired 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average cost of C$110.50 per share, for a total transaction of C$11,050.00.
• On Monday, June 17th, Sime Armoyan bought 11,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average cost of C$110.00 per share, with a total value of C$1,221,000.00.
• On Friday, June 14th, Sime Armoyan purchased 2,900 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average cost of C$110.75 per share, for a total transaction of C$321,175.00.
• On Tuesday, June 11th, Sime Armoyan acquired 4,600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$110.98 per share, with a total value of C$510,525.02.
• On Friday, May 31st, Sime Armoyan acquired 5,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average price of C$111.00 per share, with a total value of C$577,200.00.
• On Tuesday, May 28th, Sime Armoyan purchased 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average price of C$111.00 per share, with a total value of C$33,300.00.
• On Friday, May 24th, Sime Armoyan purchased 500 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$111.00 per share, for a total transaction of C$55,500.00.

Morguard North American Residential Real Estate Investment Trust Trading Up 1.3 %

Shares of TSE:MRG.UN opened at C$17.27 on Monday. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. Morguard North American Residential Real Estate Investment Trust has a 1 year low of C$13.08 and a 1 year high of C$17.30. The company has a market cap of C$641.58 million, a P/E ratio of 4.57 and a beta of 1.20. The stock’s fifty day moving average price is C$16.07 and its 200-day moving average price is C$15.80.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on MRG.UN shares. TD Securities reduced their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a research note on Wednesday, April 24th. Royal Bank of Canada reduced their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd.

Morguard North American Residential Real Estate Investment Trust Company Profile

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.