Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Purchases C$284,296.63 in Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 2,576 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average cost of C$110.36 per share, with a total value of C$284,296.63.

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

• On Thursday, January 30th, Sime Armoyan purchased 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average price of C$112.00 per share, with a total value of C$67,200.00.
• On Friday, January 24th, Sime Armoyan acquired 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average cost of C$111.07 per share, for a total transaction of C$11,107.00.
• On Monday, January 20th, Sime Armoyan bought 3,500 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$111.98 per share, with a total value 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 bought at an average cost of C$111.75 per share, for a total transaction of C$335,235.00.
• On Monday, January 13th, Sime Armoyan acquired 3,200 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, with a total value of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Stock Performance

Shares of MRG.UN opened at C$16.65 on Friday. Morguard North American Residential Real Estate Investment Trust has a 1 year low of C$14.75 and a 1 year high of C$19.53. The company has a debt-to-equity ratio of 95.54, a current ratio of 0.80 and a quick ratio of 0.09. The stock’s fifty day moving average price is C$16.98 and its two-hundred day moving average price is C$17.88. The firm has a market cap of C$618.55 million, a PE ratio of 4.40 and a beta of 1.21.

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.