Insider Buying: Morguard (TSE:MRC) Insider Acquires 300 Shares of Stock

Morguard Co. (TSE:MRC) insider Sime Armoyan purchased 300 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was acquired at an average cost of C$114.75 per share, for a total transaction of C$34,425.00. Following the purchase, the insider owned 1,395,223 shares in the company, valued at approximately C$160,101,839.25. The trade was a 0.02% increase in their ownership of the stock.

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

• On Monday, March 30th, Sime Armoyan acquired 200 shares of Morguard stock. The shares were acquired at an average cost of C$114.75 per share, with a total value of C$22,950.00.
• On Tuesday, March 17th, Sime Armoyan acquired 5,500 shares of Morguard stock. The stock was bought at an average price of C$115.00 per share, for a total transaction of C$632,500.00.

Morguard Trading Down 0.0%

TSE MRC traded down C$0.05 during trading hours on Tuesday, reaching C$114.70. The company had a trading volume of 3,500 shares, compared to its average volume of 3,126. The stock has a 50-day moving average of C$115.96 and a 200 day moving average of C$115.78. Morguard Co. has a 1-year low of C$107.77 and a 1-year high of C$122.50. The company has a current ratio of 0.27, a quick ratio of 0.13 and a debt-to-equity ratio of 128.26. The stock has a market capitalization of C$1.22 billion, a P/E ratio of 7.02 and a beta of 0.17.

Morguard (TSE:MRC) last announced its quarterly earnings results on Thursday, February 19th. The real estate investment trust reported C$2.33 earnings per share for the quarter. The business had revenue of C$278.02 million during the quarter. Morguard had a net margin of 15.68% and a return on equity of 4.01%. As a group, research analysts anticipate that Morguard Co. will post 26.1506276 earnings per share for the current fiscal year.

About Morguard

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors.