Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Sime Armoyan Purchases 3,200 Shares

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan bought 3,200 shares of the business’s stock in a transaction on Monday, January 13th. The shares were acquired at an average cost of C$111.00 per share, for a total transaction of C$355,200.00.

Morguard North American Residential Real Estate Investment Trust Stock Performance

Shares of TSE:MRG.UN traded up C$0.09 on Wednesday, hitting C$17.05. The company’s stock had a trading volume of 21,353 shares, compared to its average volume of 37,597. The company has a market capitalization of C$633.41 million, a price-to-earnings ratio of 4.51 and a beta of 1.21. The company has a debt-to-equity ratio of 95.54, a quick ratio of 0.09 and a current ratio of 0.80. Morguard North American Residential Real Estate Investment Trust has a 12 month low of C$14.45 and a 12 month high of C$19.53. The stock’s 50-day moving average is C$17.90 and its two-hundred day moving average is C$17.78.

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.