Insider Buying: Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) Insider Buys 3,000 Shares of Stock

Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) insider Sime Armoyan acquired 3,000 shares of the company’s stock in a transaction dated Thursday, January 16th. The shares were bought at an average cost of C$111.75 per share, for a total transaction of C$335,235.00.

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

• On Monday, January 13th, Sime Armoyan purchased 3,200 shares of Morguard North American Residential Real Estate Investment Trust stock. The shares were purchased 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 Trading Down 0.3 %

Shares of TSE:MRG.UN opened at C$16.85 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.80 and a debt-to-equity ratio of 95.54. Morguard North American Residential Real Estate Investment Trust has a 52-week low of C$14.45 and a 52-week high of C$19.53. The stock has a market cap of C$625.98 million, a price-to-earnings ratio of 4.46 and a beta of 1.21. The business has a 50-day moving average price of C$17.82 and a 200-day moving average price of 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.