Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Sime Armoyan Acquires 500 Shares

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 500 shares of the company’s stock in a transaction dated Friday, May 24th. The stock was acquired at an average price of C$111.00 per share, for a total transaction of C$55,500.00.

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

• 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 purchased 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased 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 acquired at an average cost of C$110.00 per share, for a total transaction of C$66,000.00.
• On Wednesday, May 8th, Sime Armoyan purchased 900 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average cost of C$110.00 per share, for a total transaction 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 stock was acquired at an average cost of C$110.00 per share, for a total transaction of C$231,000.00.
• On Monday, April 29th, Sime Armoyan purchased 1,300 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.00 per share, for a total transaction of C$143,000.00.
• On Thursday, April 25th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average cost of C$110.00 per share, with a total value of C$11,000.00.
• On Tuesday, April 23rd, Sime Armoyan bought 500 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average cost of C$110.00 per share, for a total transaction of C$55,000.00.
• On Monday, April 15th, Sime Armoyan acquired 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased 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 Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.00 per share, for a total transaction of C$43,998.52.

Morguard North American Residential Real Estate Investment Trust Price Performance

Shares of TSE MRG.UN traded up C$0.09 during midday trading on Friday, reaching C$15.50. 18,261 shares of the company traded hands, compared to its average volume of 25,868. Morguard North American Residential Real Estate Investment Trust has a 12 month low of C$13.08 and a 12 month high of C$17.19. 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’s 50-day simple moving average is C$15.70 and its 200-day simple moving average is C$15.10. The firm has a market cap of C$582.96 million, a PE ratio of 3.35 and a beta of 1.18.

Analysts Set New Price Targets

Several analysts have recently weighed in on MRG.UN shares. Royal Bank of Canada decreased their target price on shares of Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a research report on Thursday, May 2nd. TD Securities dropped their target price on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a report on Wednesday, April 24th.

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.