Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Acquires C$122,100.00 in Stock

Posted by William Tyler on May 22nd, 2024

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) insider Sime Armoyan bought 1,100 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was bought at an average cost of C$111.00 per share, with a total value of C$122,100.00.

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

On Tuesday, May 14th, Sime Armoyan purchased 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$111.00 per share, with a total value of C$33,299.01.
On Friday, May 3rd, Sime Armoyan purchased 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$66,000.00.
On Wednesday, May 8th, Sime Armoyan purchased 900 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$110.00 per share, with a total value of C$99,000.00.
On Monday, May 6th, Sime Armoyan acquired 2,100 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, with a total value of C$231,000.00.
On Monday, April 29th, Sime Armoyan acquired 1,300 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, with a total value of C$143,000.00.
On Thursday, April 25th, Sime Armoyan acquired 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, with a total value of C$11,000.00.
On Tuesday, April 23rd, Sime Armoyan acquired 500 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, with a total value of C$55,000.00.
On Monday, April 15th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought 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 Real Estate Investment Trust stock. The stock was bought 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 purchased 3,600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$110.00 per share, with a total value of C$396,000.00.

Morguard North American Residential Real Estate Investment Trust Stock Down 1.1 %

Shares of MRG.UN stock traded down C$0.17 during trading on Wednesday, reaching C$15.70. The company’s stock had a trading volume of 23,255 shares, compared to its average volume of 26,128. The business has a fifty day moving average price of C$15.72 and a 200-day moving average price of C$15.09. The company has a quick ratio of 0.09, a current ratio of 0.15 and a debt-to-equity ratio of 92.48. The company has a market cap of C$590.48 million, a price-to-earnings ratio of 3.45 and a beta of 1.18. Morguard North American Residential Real Estate Investment Trust has a one year low of C$13.08 and a one year high of C$17.36.

Analyst Ratings Changes

Several research analysts have recently weighed in on MRG.UN shares. Royal Bank of Canada reduced 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 for the company in a report on Thursday, May 2nd. TD Securities reduced their price target on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a report on Wednesday, April 24th.

Read Our Latest Stock Report on MRG.UN

Morguard North American Residential Real Estate Investment Trust Company Profile

(Get Free Report)

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.