Sime Armoyan Buys 200 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 200 shares of the business’s stock in a transaction that occurred on Friday, August 2nd. The shares were acquired at an average cost of C$111.00 per share, with a total value of C$22,200.00.

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

• On Tuesday, July 9th, Sime Armoyan purchased 400 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average price of C$110.38 per share, for a total transaction of C$44,152.00.
• On Friday, July 5th, Sime Armoyan purchased 400 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average price of C$110.50 per share, for a total transaction of C$44,200.00.
• On Thursday, June 20th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average price of C$110.50 per share, for a total transaction of C$11,050.00.
• On Monday, June 17th, Sime Armoyan purchased 11,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average price of C$110.00 per share, for a total transaction of C$1,221,000.00.
• On Friday, June 14th, Sime Armoyan purchased 2,900 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average price of C$110.75 per share, for a total transaction of C$321,175.00.
• On Tuesday, June 11th, Sime Armoyan acquired 4,600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$110.98 per share, for a total transaction of C$510,525.02.
• On Friday, May 31st, Sime Armoyan acquired 5,200 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$577,200.00.
• On Tuesday, May 28th, Sime Armoyan acquired 300 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$33,300.00.
• On Friday, May 24th, Sime Armoyan acquired 500 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$55,500.00.
• On Wednesday, May 22nd, Sime Armoyan acquired 1,100 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$122,100.00.

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

MRG.UN stock traded up C$0.08 during trading hours on Monday, reaching C$16.59. 20,738 shares of the stock were exchanged, compared to its average volume of 27,929. The firm’s 50-day moving average is C$15.83 and its 200-day moving average is C$15.70. The company has a market cap of C$623.95 million, a price-to-earnings ratio of 3.61 and a beta of 1.18. The company has a debt-to-equity ratio of 92.48, a current ratio of 0.15 and a quick ratio of 0.09. Morguard North American Residential Real Estate Investment Trust has a 12 month low of C$13.08 and a 12 month high of C$17.16.

Analyst Upgrades and Downgrades

MRG.UN has been the topic of several analyst reports. Royal Bank of Canada dropped their price target 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 note on Thursday, May 2nd. TD Securities reduced their price objective on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a report on Wednesday, April 24th.

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.