Sime Armoyan Buys 400 Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock

Posted by Jeff Wilder on Jul 10th, 2024

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) insider Sime Armoyan acquired 400 shares of the stock in a transaction dated Friday, July 5th. The shares were bought at an average cost of C$110.50 per share, for a total transaction of C$44,200.00.

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

On Thursday, June 20th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.50 per share, for a total transaction of C$11,050.00.
On Monday, June 17th, Sime Armoyan purchased 11,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.00 per share, for a total transaction of C$1,221,000.00.
On Friday, June 14th, Sime Armoyan purchased 2,900 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.75 per share, for a total transaction of C$321,175.00.
On Tuesday, June 11th, Sime Armoyan purchased 4,600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.98 per share, for a total transaction of C$510,525.02.
On Friday, May 31st, Sime Armoyan purchased 5,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$111.00 per share, for a total transaction of C$577,200.00.
On Tuesday, May 28th, Sime Armoyan purchased 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$111.00 per share, for a total transaction of C$33,300.00.
On Friday, May 24th, Sime Armoyan purchased 500 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$111.00 per share, for a total transaction of C$55,500.00.
On Wednesday, May 22nd, Sime Armoyan acquired 1,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average cost of C$111.00 per share, for a total transaction of C$122,100.00.
On Tuesday, May 14th, Sime Armoyan acquired 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average cost of C$111.00 per share, for a total transaction of C$33,299.01.
On Friday, May 3rd, Sime Armoyan acquired 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average cost of C$110.00 per share, for a total transaction of C$66,000.00.

Morguard North American Residential Real Estate Investment Trust Stock Down 1.4 %

Shares of MRG.UN opened at C$15.73 on Wednesday. The stock has a market capitalization of C$591.61 million, a price-to-earnings ratio of 3.42 and a beta of 1.18. The company has a debt-to-equity ratio of 92.48, a current ratio of 0.15 and a quick ratio of 0.09. The business’s 50 day simple moving average is C$15.51 and its 200-day simple moving average is C$15.48. Morguard North American Residential Real Estate Investment Trust has a 1 year low of C$13.08 and a 1 year high of C$17.18.

Wall Street Analysts Forecast Growth

MRG.UN has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on Morguard North American Residential Real Estate Investment Trust from C$20.00 to C$19.00 and set an “outperform” rating on the stock in a report on Thursday, May 2nd. TD Securities decreased their price objective on 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 Analysis 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.