Morguard North American Residential REIT (TSE:MRG.UN) Insider Buys C$55,000.00 in Stock

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan acquired 500 shares of Morguard North American Residential REIT stock in a transaction on Tuesday, April 23rd. The stock was purchased at an average price of C$110.00 per share, with a total value of C$55,000.00.

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

• On Monday, April 15th, Sime Armoyan acquired 100 shares of Morguard North American Residential REIT stock. The stock was purchased at an average price of C$109.90 per share, with a total value of C$10,990.00.
• On Thursday, February 29th, Sime Armoyan acquired 400 shares of Morguard North American Residential REIT stock. The stock was purchased at an average price of C$110.00 per share, with a total value of C$43,998.52.
• On Friday, February 23rd, Sime Armoyan bought 3,600 shares of Morguard North American Residential REIT stock. The stock was bought at an average cost of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential REIT Price Performance

Shares of MRG.UN traded down C$0.09 during mid-day trading on Tuesday, reaching C$15.55. The company had a trading volume of 46,689 shares, compared to its average volume of 22,582. Morguard North American Residential REIT has a twelve month low of C$13.08 and a twelve month high of C$17.72. The company has a debt-to-equity ratio of 92.78, a current ratio of 0.19 and a quick ratio of 0.09. The company’s 50-day moving average is C$15.77 and its 200-day moving average is C$14.90. The company has a market capitalization of C$586.86 million, a P/E ratio of 3.36 and a beta of 1.18.

About Morguard North American Residential REIT

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.