Insider Buying: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Acquires 100 Shares of Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 100 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was bought at an average cost of C$111.07 per share, with a total value of C$11,107.00.

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

• On Monday, January 20th, Sime Armoyan bought 3,500 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$111.98 per share, for a total transaction of C$391,926.85.
• On Thursday, January 16th, Sime Armoyan purchased 3,000 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$111.75 per share, with a total value of C$335,235.00.
• On Monday, January 13th, Sime Armoyan bought 3,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average price of C$111.00 per share, for a total transaction of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Stock Performance

MRG.UN traded up C$0.12 during trading hours on Friday, hitting C$16.92. The company’s stock had a trading volume of 36,705 shares, compared to its average volume of 39,550. Morguard North American Residential Real Estate Investment Trust has a fifty-two week low of C$14.45 and a fifty-two week high of C$19.53. The firm has a market capitalization of C$628.58 million, a PE ratio of 4.48 and a beta of 1.21. The company has a 50-day simple moving average of C$17.69 and a 200 day simple moving average of C$17.85. The company has a current ratio of 0.80, a quick ratio of 0.09 and a debt-to-equity ratio of 95.54.

About Morguard North American Residential Real Estate Investment Trust

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.