Insider Buying: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Buys 6,300 Shares of Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 6,300 shares of the stock in a transaction dated Friday, February 28th. The shares were bought at an average cost of C$114.91 per share, with a total value of C$723,943.71.

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

• On Wednesday, February 26th, Sime Armoyan acquired 2,576 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average price of C$110.36 per share, with a total value of C$284,296.63.
• On Thursday, January 30th, Sime Armoyan bought 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average cost 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 shares were purchased at an average cost of C$111.07 per share, with a total value of C$11,107.00.
• On Monday, January 20th, Sime Armoyan acquired 3,500 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average cost of C$111.98 per share, for a total transaction of C$391,926.85.
• On Thursday, January 16th, Sime Armoyan bought 3,000 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average cost of C$111.75 per share, with a total value of C$335,235.00.
• On Monday, January 13th, Sime Armoyan purchased 3,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased 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 Performance

MRG.UN opened at C$16.82 on Tuesday. Morguard North American Residential Real Estate Investment Trust has a twelve month low of C$14.75 and a twelve month high of C$19.53. The stock has a market cap of C$624.86 million, a PE ratio of 4.45 and a beta of 1.21. The business’s 50 day moving average is C$16.98 and its 200-day moving average is C$17.89. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54.

Morguard North American Residential Real Estate Investment Trust Company Profile

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.