Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Acquires C$723,943.71 in Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan purchased 6,300 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was acquired at an average price of C$114.91 per share, for a total transaction of C$723,943.71.

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

• On Monday, March 3rd, Sime Armoyan purchased 1,400 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average price of C$114.00 per share, for a total transaction of C$159,600.98.
• On Wednesday, February 26th, Sime Armoyan purchased 2,576 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average price of C$110.36 per share, for a total transaction of C$284,296.63.
• On Thursday, January 30th, Sime Armoyan purchased 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average price of C$112.00 per share, for a total transaction of C$67,200.00.
• On Friday, January 24th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average price of C$111.07 per share, for a total transaction of C$11,107.00.
• On Monday, January 20th, Sime Armoyan purchased 3,500 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired 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 price 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 Trading Up 2.2 %

MRG.UN opened at C$17.67 on Thursday. Morguard North American Residential Real Estate Investment Trust has a twelve month low of C$14.75 and a twelve month high of C$19.53. The company has a 50-day simple moving average of C$16.98 and a 200 day simple moving average of C$17.89. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. The stock has a market capitalization of C$656.44 million, a price-to-earnings ratio of 4.67 and a beta of 1.21.

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.