Sime Armoyan Acquires 1,300 Shares of Morguard North American Residential REIT (TSE:MRG.UN) Stock

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan purchased 1,300 shares of the stock in a transaction dated Monday, April 29th. The stock was acquired at an average price of C$110.00 per share, for a total transaction of C$143,000.00.

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

• On Thursday, April 25th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT stock. The shares were purchased at an average price of C$110.00 per share, for a total transaction of C$11,000.00.
• On Tuesday, April 23rd, Sime Armoyan bought 500 shares of Morguard North American Residential REIT stock. The shares were purchased at an average price of C$110.00 per share, for a total transaction of C$55,000.00.
• On Monday, April 15th, Sime Armoyan bought 100 shares of Morguard North American Residential REIT 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 bought 400 shares of Morguard North American Residential REIT stock. The shares were purchased at an average price of C$110.00 per share, for a total transaction of C$43,998.52.
• On Friday, February 23rd, Sime Armoyan bought 3,600 shares of Morguard North American Residential REIT stock. The shares were purchased at an average price of C$110.00 per share, for a total transaction of C$396,000.00.

Morguard North American Residential REIT Trading Down 0.8 %

Shares of MRG.UN traded down C$0.12 during mid-day trading on Tuesday, reaching C$15.32. The company had a trading volume of 12,720 shares, compared to its average volume of 22,698. The firm has a fifty day simple moving average of C$15.79 and a 200-day simple moving average of C$14.91. Morguard North American Residential REIT has a fifty-two week low of C$13.08 and a fifty-two week high of C$17.72. The company has a current ratio of 0.19, a quick ratio of 0.09 and a debt-to-equity ratio of 92.78. The stock has a market cap of C$578.18 million, a price-to-earnings ratio of 3.31 and a beta of 1.18.

Analysts Set New Price Targets

Separately, TD Securities decreased their price target on shares of Morguard North American Residential REIT from C$23.00 to C$22.00 in a report on Wednesday, April 24th.

Morguard North American Residential REIT 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.