Sime Armoyan Buys 400 Shares of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Stock

Posted by Scott Davis on Jul 10th, 2024

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN – Get Free Report) insider Sime Armoyan acquired 400 shares of the firm’s stock in a transaction on Friday, July 5th. The shares were bought at an average cost of C$110.50 per share, with a total value of C$44,200.00.

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

On Thursday, June 20th, Sime Armoyan acquired 100 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$110.50 per share, with a total value of C$11,050.00.
On Monday, June 17th, Sime Armoyan acquired 11,100 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$1,221,000.00.
On Friday, June 14th, Sime Armoyan acquired 2,900 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were bought at an average cost of C$110.75 per share, with a total value of C$321,175.00.
On Tuesday, June 11th, Sime Armoyan purchased 4,600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.98 per share, with a total value of C$510,525.02.
On Friday, May 31st, Sime Armoyan purchased 5,200 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$577,200.00.
On Tuesday, May 28th, Sime Armoyan purchased 300 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$33,300.00.
On Friday, May 24th, Sime Armoyan purchased 500 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$55,500.00.
On Wednesday, May 22nd, Sime Armoyan purchased 1,100 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$122,100.00.
On Tuesday, May 14th, Sime Armoyan purchased 300 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$33,299.01.
On Friday, May 3rd, Sime Armoyan purchased 600 shares of Morguard North American Residential Real Estate Investment Trust stock. The stock was acquired at an average cost of C$110.00 per share, with a total value of C$66,000.00.

Morguard North American Residential Real Estate Investment Trust Stock Performance

TSE MRG.UN opened at C$15.73 on Wednesday. Morguard North American Residential Real Estate Investment Trust has a 1-year low of C$13.08 and a 1-year high of C$17.18. The company has a market capitalization of C$591.61 million, a P/E ratio of 3.42 and a beta of 1.18. The business has a 50 day moving average price of C$15.51 and a 200 day moving average price of C$15.48. The company has a debt-to-equity ratio of 92.48, a current ratio of 0.15 and a quick ratio of 0.09.

Wall Street Analyst Weigh In

MRG.UN has been the subject of several recent analyst reports. TD Securities reduced their price target on Morguard North American Residential Real Estate Investment Trust from C$23.00 to C$22.00 in a report on Wednesday, April 24th. Royal Bank of Canada dropped 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 for the company in a research note on Thursday, May 2nd.

Check Out Our Latest Stock Analysis on Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trust Company Profile

(Get Free Report)

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.