Morguard North American Residential REIT (TSE:MRG.UN) Insider Purchases C$10,990.00 in Stock

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan bought 100 shares of the business’s stock in a transaction on Monday, April 15th. The stock was bought at an average price of C$109.90 per share, with a total value 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 acquired at an average price of C$110.00 per share, with a total value 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 acquired at an average price of C$110.00 per share, with a total value 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 acquired at an average price of C$110.00 per share, with a total value of C$374,000.00.

Morguard North American Residential REIT Price Performance

Shares of MRG.UN traded up C$0.22 during trading hours on Friday, reaching C$15.59. 20,887 shares of the company’s stock traded hands, compared to its average volume of 22,289. The stock has a market cap of C$588.37 million, a PE 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 12 month low of C$13.08 and a 12 month high of C$17.72. The firm’s 50 day simple moving average is C$15.75 and its 200-day simple moving average is C$14.88.

About Morguard North American Residential REIT

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.