Insider Buying: Morguard (TSE:MRC) Insider Acquires C$218,690.00 in Stock

Morguard Co. (TSE:MRC) insider Sime Armoyan acquired 1,900 shares of the stock in a transaction dated Friday, October 3rd. The stock was acquired at an average cost of C$115.10 per share, with a total value of C$218,690.00. Following the transaction, the insider owned 1,348,223 shares of the company’s stock, valued at approximately C$155,180,467.30. This trade represents a 0.14% increase in their ownership of the stock.

Morguard Price Performance

Shares of TSE:MRC opened at C$116.29 on Thursday. The company has a market cap of C$1.24 billion, a P/E ratio of 6.58 and a beta of 0.38. The company has a quick ratio of 0.13, a current ratio of 0.24 and a debt-to-equity ratio of 129.63. Morguard Co. has a 52 week low of C$107.77 and a 52 week high of C$126.57. The business has a fifty day simple moving average of C$116.96 and a 200-day simple moving average of C$115.55.

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.