Insider Buying: Morguard (TSE:MRC) Insider Acquires 200 Shares of Stock

Morguard Co. (TSE:MRC) insider Sime Armoyan acquired 200 shares of the firm’s stock in a transaction on Monday, March 30th. The shares were acquired at an average price of C$114.75 per share, with a total value of C$22,950.00. Following the completion of the transaction, the insider directly owned 1,394,923 shares in the company, valued at approximately C$160,067,414.25. This trade represents a 0.01% increase in their position.

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

• On Tuesday, March 31st, Sime Armoyan bought 300 shares of Morguard stock. The shares were acquired at an average cost of C$114.75 per share, for a total transaction of C$34,425.00.
• On Tuesday, March 17th, Sime Armoyan bought 5,500 shares of Morguard stock. The stock was acquired at an average price of C$115.00 per share, for a total transaction of C$632,500.00.

Morguard Stock Down 0.0%

Shares of TSE MRC traded down C$0.05 during mid-day trading 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 company has a debt-to-equity ratio of 128.26, a quick ratio of 0.13 and a current ratio of 0.27. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 7.02 and a beta of 0.17. The stock has a fifty day moving average of C$115.96 and a two-hundred day moving average of C$115.78. Morguard Co. has a 12-month low of C$107.77 and a 12-month high of C$122.50.

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

Morguard Company Profile

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.