Sime Armoyan Purchases 2,500 Shares of Morguard Real Estate Inv. (TSE:MRT.UN) Stock

Posted by ABMN Staff on May 26th, 2024

Morguard Real Estate Inv. (TSE:MRT.UN – Get Free Report) insider Sime Armoyan bought 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was purchased at an average price of C$5.35 per share, for a total transaction of C$13,370.00.

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

On Tuesday, May 21st, Sime Armoyan bought 7,500 shares of Morguard Real Estate Inv. stock. The stock was purchased at an average price of C$5.34 per share, for a total transaction of C$40,032.00.
On Friday, May 17th, Sime Armoyan acquired 6,500 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.35 per share, for a total transaction of C$34,775.00.
On Wednesday, May 15th, Sime Armoyan acquired 5,000 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.35 per share, for a total transaction of C$26,750.00.
On Tuesday, May 7th, Sime Armoyan acquired 2,300 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.28 per share, for a total transaction of C$12,135.03.
On Thursday, May 2nd, Sime Armoyan acquired 16,200 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.38 per share, for a total transaction of C$87,220.80.
On Monday, April 29th, Sime Armoyan acquired 100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.26 per share, for a total transaction of C$526.00.
On Friday, April 26th, Sime Armoyan acquired 1,900 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.34 per share, for a total transaction of C$10,140.87.
On Wednesday, April 24th, Sime Armoyan acquired 2,100 shares of Morguard Real Estate Inv. stock. The shares were bought at an average cost of C$5.35 per share, for a total transaction of C$11,224.50.
On Monday, April 22nd, Sime Armoyan bought 6,400 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.34 per share, for a total transaction of C$34,172.16.
On Thursday, April 18th, Sime Armoyan bought 9,500 shares of Morguard Real Estate Inv. stock. The shares were acquired at an average cost of C$5.34 per share, for a total transaction of C$50,762.30.

Morguard Real Estate Inv. Trading Up 0.4 %

MRT.UN opened at C$5.33 on Friday. The stock has a market cap of C$342.56 million, a price-to-earnings ratio of -3.23 and a beta of 1.42. The stock’s 50 day moving average price is C$5.34 and its 200-day moving average price is C$5.33. Morguard Real Estate Inv. has a one year low of C$5.20 and a one year high of C$5.70. The company has a debt-to-equity ratio of 137.63, a quick ratio of 0.04 and a current ratio of 0.13.

Analysts Set New Price Targets

Separately, TD Securities cut their target price on Morguard Real Estate Inv. from C$6.00 to C$5.50 and set a “hold” rating on the stock in a research note on Tuesday, February 20th.

Get Our Latest Stock Analysis on MRT.UN

About Morguard Real Estate Inv.

(Get Free Report)

The Trust is a closed-end real estate investment trust, which owns a diversified portfolio of 49 retail, office and industrial income producing properties in Canada with a book value of $3.0 billion and approximately 8.6 million square feet of leasable space.