Morguard North American Residential REIT (TSE:MRG.UN) Insider Sime Armoyan Purchases 2,100 Shares

Morguard North American Residential REIT (TSE:MRG.UN) insider Sime Armoyan bought 2,100 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of C$110.00 per share, for a total transaction of C$231,000.00.

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

• On Monday, April 29th, Sime Armoyan acquired 1,300 shares of Morguard North American Residential REIT stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$143,000.00.
• On Thursday, April 25th, Sime Armoyan purchased 100 shares of Morguard North American Residential REIT stock. The shares were purchased at an average cost 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 stock was bought 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 bought 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 purchased 400 shares of Morguard North American Residential REIT stock. The shares were acquired 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 acquired at an average cost of C$110.00 per share, for a total transaction of C$396,000.00.

Morguard North American Residential REIT Trading Up 0.6 %

MRG.UN stock traded up C$0.09 during midday trading on Tuesday, reaching C$15.57. The company’s stock had a trading volume of 8,010 shares, compared to its average volume of 24,611. The business’s 50-day simple moving average is C$15.72 and its 200-day simple moving average is C$14.92. The company has a quick ratio of 0.09, a current ratio of 0.15 and a debt-to-equity ratio of 92.48. Morguard North American Residential REIT has a 52 week low of C$13.08 and a 52 week high of C$17.72. The stock has a market cap of C$585.59 million, a PE ratio of 3.37 and a beta of 1.18.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MRG.UN shares. TD Securities cut their price target on Morguard North American Residential REIT from C$23.00 to C$22.00 in a report on Wednesday, April 24th. Royal Bank of Canada cut their price target on Morguard North American Residential REIT from C$20.00 to C$19.00 and set an “outperform” rating for the company in a report on Thursday, May 2nd.

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.