Insider Buying: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Acquires 3,500 Shares of Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 3,500 shares of the stock in a transaction on Monday, January 20th. The stock was purchased at an average cost of C$111.98 per share, with a total value of C$391,926.85.

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

• On Thursday, January 16th, Sime Armoyan acquired 3,000 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average cost of C$111.75 per share, for a total transaction of C$335,235.00.
• On Monday, January 13th, Sime Armoyan bought 3,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$111.00 per share, with a total value of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Stock Up 0.3 %

TSE MRG.UN traded up C$0.05 during trading hours on Monday, reaching C$16.90. 49,599 shares of the company’s stock were exchanged, compared to its average volume of 38,171. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80. The company has a market capitalization of C$627.84 million, a price-to-earnings ratio of 4.47 and a beta of 1.21. The company’s 50-day moving average is C$17.82 and its two-hundred day moving average is C$17.81. Morguard North American Residential Real Estate Investment Trust has a one year low of C$14.45 and a one year high of C$19.53.

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.