Sime Armoyan Buys 3,200 Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan acquired 3,200 shares of the stock in a transaction dated Monday, January 13th. The stock was acquired at an average cost of C$111.00 per share, for a total transaction of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Price Performance

MRG.UN stock traded up C$0.09 on Wednesday, hitting C$17.05. 21,353 shares of the company’s stock traded hands, compared to its average volume of 37,597. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54. The stock has a market cap of C$633.41 million, a price-to-earnings ratio of 4.51 and a beta of 1.21. Morguard North American Residential Real Estate Investment Trust has a 1-year low of C$14.45 and a 1-year high of C$19.53. The stock has a fifty day moving average of C$17.90 and a 200-day moving average of C$17.78.

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.