Insider Buying: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Purchases 3,500 Shares of Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan acquired 3,500 shares of the company’s stock in a transaction that occurred on Monday, January 20th. The shares were bought at an average cost of C$111.98 per share, for a total transaction of C$391,926.85.

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

• 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 purchased 3,200 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, with a total value of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Price Performance

Shares of TSE MRG.UN opened at C$16.90 on Tuesday. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80. The company has a market cap of C$627.84 million, a PE ratio of 4.47 and a beta of 1.21. The business has a 50-day simple moving average of C$17.80 and a two-hundred day simple moving average of C$17.82. 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.

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.