Insider Buying: Morguard North American Residential REIT (TSE:MRG.UN) Insider Acquires C$99,000.00 in Stock

Morguard North American Residential REIT (TSE:MRG.UNGet Free Report) insider Sime Armoyan bought 900 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$99,000.00.

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

  • On Monday, May 6th, Sime Armoyan bought 2,100 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$231,000.00.
  • On Monday, April 29th, Sime Armoyan bought 1,300 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$143,000.00.
  • On Thursday, April 25th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$11,000.00.
  • On Tuesday, April 23rd, Sime Armoyan bought 500 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$55,000.00.
  • On Monday, April 15th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$109.90 per share, for a total transaction of C$10,990.00.
  • On Thursday, February 29th, Sime Armoyan purchased 400 shares of Morguard North American Residential REIT stock. The stock was purchased 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 acquired 3,600 shares of Morguard North American Residential REIT stock. The shares were purchased at an average price of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Stock Performance

TSE:MRG.UN opened at C$16.13 on Friday. The company has a debt-to-equity ratio of 92.48, a quick ratio of 0.09 and a current ratio of 0.15. The stock has a 50-day simple moving average of C$15.73 and a two-hundred day simple moving average of C$14.96. The firm has a market capitalization of C$606.65 million, a PE ratio of 3.51 and a beta of 1.18. Morguard North American Residential REIT has a 52-week low of C$13.08 and a 52-week high of C$17.72.

Analysts Set New Price Targets

MRG.UN has been the subject of several research reports. Royal Bank of Canada reduced their price target on shares of Morguard North American Residential REIT from C$20.00 to C$19.00 and set an “outperform” rating for the company in a research report on Thursday, May 2nd. TD Securities decreased their price target on shares of Morguard North American Residential REIT from C$23.00 to C$22.00 in a research report on Wednesday, April 24th.

Read Our Latest Stock Analysis on Morguard North American Residential REIT

About Morguard North American Residential REIT

(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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