Sime Armoyan Purchases 5,500 Shares of Morguard (TSE:MRC) Stock

Morguard Co. (TSE:MRC) insider Sime Armoyan bought 5,500 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average cost of C$115.00 per share, with a total value of C$632,500.00. Following the completion of the purchase, the insider directly owned 1,390,223 shares in the company, valued at approximately C$159,875,645. The trade was a 0.40% increase in their ownership of the stock.

Morguard Stock Performance

TSE:MRC opened at C$114.75 on Friday. The company’s 50-day moving average is C$116.40 and its two-hundred day moving average is C$115.87. Morguard Co. has a 1-year low of C$107.77 and a 1-year high of C$122.50. The company has a debt-to-equity ratio of 128.26, a current ratio of 0.27 and a quick ratio of 0.13. The firm has a market capitalization of C$1.23 billion, a price-to-earnings ratio of 7.02 and a beta of 0.17.

Morguard (TSE:MRC) last released its quarterly earnings results 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%. Analysts forecast that Morguard Co. will post 26.1506276 EPS for the current year.

About Morguard

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.