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

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 2,576 shares of the company’s stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost 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 purchased 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average price of C$112.00 per share, for a total transaction of C$67,200.00.
• On Friday, January 24th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired 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 bought 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, for a total transaction 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 bought 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 acquired 3,200 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, for a total transaction of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Stock Up 0.5 %

Shares of TSE:MRG.UN opened at C$16.65 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. Morguard North American Residential Real Estate Investment Trust has a 52-week low of C$14.75 and a 52-week high of C$19.53. The stock’s fifty day simple moving average is C$16.98 and its 200-day simple moving average is C$17.87. The company has a market capitalization of C$618.55 million, a P/E ratio of 4.40 and a beta of 1.21.

About Morguard North American Residential Real Estate Investment Trust

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.