Insider Buying: Morguard North American Residential REIT (TSE:MRG.UN) Insider Buys 100 Shares of Stock

Posted by James Nelson on Apr 19th, 2024

Morguard North American Residential REIT (TSE:MRG.UN – Get Free Report) insider Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock in a transaction that occurred on Monday, April 15th. The shares were bought at an average price of C$109.90 per share, for a total transaction of C$10,990.00.

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

On Thursday, February 29th, Sime Armoyan purchased 400 shares of Morguard North American Residential REIT stock. The shares were bought at an average price of C$110.00 per share, for a total transaction of C$43,998.52.
On Friday, February 23rd, Sime Armoyan purchased 3,600 shares of Morguard North American Residential REIT stock. The shares were bought at an average price of C$110.00 per share, for a total transaction of C$396,000.00.
On Monday, January 22nd, Sime Armoyan purchased 3,400 shares of Morguard North American Residential REIT stock. The shares were bought at an average price of C$110.00 per share, for a total transaction of C$374,000.00.

Morguard North American Residential REIT Price Performance

TSE MRG.UN traded up C$0.22 on Friday, hitting C$15.59. 20,887 shares of the company were exchanged, compared to its average volume of 22,289. The firm has a 50 day moving average of C$15.75 and a two-hundred day moving average of C$14.88. The company has a market cap of C$588.37 million, a P/E ratio of 3.35 and a beta of 1.18. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 92.78. Morguard North American Residential REIT has a 1-year low of C$13.08 and a 1-year high of C$17.72.

Morguard North American Residential REIT Company Profile

(Get Free Report)

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.