Sime Armoyan Acquires 11,100 Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UNGet Free Report) insider Sime Armoyan acquired 11,100 shares of Morguard North American Residential Real Estate Investment Trust stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average price of C$110.00 per share, for a total transaction of C$1,221,000.00.

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

  • On Friday, June 14th, Sime Armoyan acquired 2,900 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price 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 stock was bought at an average price of C$110.98 per share, for a total transaction of C$510,525.02.
  • On Friday, May 31st, Sime Armoyan purchased 5,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average cost of C$111.00 per share, for a total transaction 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 stock was acquired at an average cost of C$111.00 per share, with a total value of C$33,300.00.
  • On Friday, May 24th, Sime Armoyan bought 500 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$111.00 per share, with a total value of C$55,500.00.
  • On Wednesday, May 22nd, Sime Armoyan bought 1,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$111.00 per share, with a total value of C$122,100.00.
  • On Tuesday, May 14th, Sime Armoyan bought 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$111.00 per share, with a total value of C$33,299.01.
  • On Friday, May 3rd, Sime Armoyan bought 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$110.00 per share, with a total value of C$66,000.00.
  • On Wednesday, May 8th, Sime Armoyan bought 900 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$110.00 per share, with a total value of C$99,000.00.
  • On Monday, May 6th, Sime Armoyan purchased 2,100 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$231,000.00.

Morguard North American Residential Real Estate Investment Trust Stock Performance

MRG.UN traded up C$0.09 on Tuesday, hitting C$15.11. 14,504 shares of the company traded hands, compared to its average volume of 26,898. The company has a 50 day moving average of C$15.57 and a 200-day moving average of C$15.36. The company has a quick ratio of 0.09, a current ratio of 0.15 and a debt-to-equity ratio of 92.48. The stock has a market capitalization of C$568.29 million, a PE ratio of 3.27 and a beta of 1.18. Morguard North American Residential Real Estate Investment Trust has a 12-month low of C$13.08 and a 12-month high of C$17.18.

Analysts Set New Price Targets

MRG.UN has been the subject of a number of recent analyst reports. TD Securities decreased their price target on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a report on Wednesday, April 24th. Royal Bank of Canada decreased their price target on 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 report on Thursday, May 2nd.

Read Our Latest Report on Morguard North American Residential Real Estate Investment Trust

About Morguard North American Residential Real Estate Investment Trust

(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.

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