Sime Armoyan Buys 500 Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan purchased 500 shares of the business’s stock in a transaction dated Friday, May 24th. The shares were purchased at an average cost of C$111.00 per share, for a total transaction of C$55,500.00.

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

• On Wednesday, May 22nd, Sime Armoyan acquired 1,100 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, with a total value of C$122,100.00.
• On Tuesday, May 14th, Sime Armoyan purchased 300 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased at an average price of C$111.00 per share, with a total value of C$33,299.01.
• On Friday, May 3rd, Sime Armoyan bought 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$66,000.00.
• On Wednesday, May 8th, Sime Armoyan purchased 900 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average cost of C$110.00 per share, with a total value of C$99,000.00.
• On Monday, May 6th, Sime Armoyan bought 2,100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$110.00 per share, for a total transaction of C$231,000.00.
• On Monday, April 29th, Sime Armoyan acquired 1,300 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$110.00 per share, with a total value of C$143,000.00.
• On Thursday, April 25th, Sime Armoyan purchased 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were acquired at an average price of C$110.00 per share, for a total transaction of C$11,000.00.
• On Tuesday, April 23rd, Sime Armoyan acquired 500 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average cost of C$110.00 per share, with a total value of C$55,000.00.
• On Monday, April 15th, Sime Armoyan acquired 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was purchased at an average price of C$109.90 per share, with a total value of C$10,990.00.
• On Thursday, February 29th, Sime Armoyan bought 400 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was bought at an average cost of C$110.00 per share, for a total transaction of C$43,998.52.

Morguard North American Residential Real Estate Investment Trust Stock Up 0.6 %

Shares of MRG.UN stock traded up C$0.09 during midday trading on Friday, reaching C$15.50. 18,261 shares of the stock were exchanged, compared to its average volume of 25,868. The company has a current ratio of 0.15, a quick ratio of 0.09 and a debt-to-equity ratio of 92.48. Morguard North American Residential Real Estate Investment Trust has a 1 year low of C$13.08 and a 1 year high of C$17.19. The firm has a market cap of C$582.96 million, a PE ratio of 3.35 and a beta of 1.18. The company’s 50 day moving average is C$15.70 and its two-hundred day moving average is C$15.10.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Royal Bank of Canada reduced 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 research report on Thursday, May 2nd. TD Securities decreased their price objective on shares of Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a research report on Wednesday, April 24th.

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.