Insider Buying: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Buys 2,576 Shares of Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan purchased 2,576 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of C$110.36 per share, for a total transaction of C$284,296.63.

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

• On Thursday, January 30th, Sime Armoyan acquired 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average cost of C$112.00 per share, with a total value of C$67,200.00.
• On Friday, January 24th, Sime Armoyan bought 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$111.07 per share, for a total transaction of C$11,107.00.
• On Monday, January 20th, Sime Armoyan purchased 3,500 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average price of C$111.98 per share, with a total value of C$391,926.85.
• On Thursday, January 16th, Sime Armoyan acquired 3,000 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average price of C$111.75 per share, for a total transaction of C$335,235.00.
• On Monday, January 13th, Sime Armoyan bought 3,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$111.00 per share, with a total value of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Stock Performance

TSE:MRG.UN opened at C$16.65 on Friday. The stock has a market cap of C$618.55 million, a P/E ratio of 4.40 and a beta of 1.21. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. The business’s 50-day moving average price is C$16.98 and its two-hundred day moving average price is C$17.88. Morguard North American Residential Real Estate Investment Trust has a twelve month low of C$14.75 and a twelve month high of C$19.53.

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.