Morguard (TSE:MRC) Insider Acquires C$22,950.00 in Stock

Morguard Co. (TSE:MRC) insider Sime Armoyan bought 200 shares of the business’s stock in a transaction that occurred on Monday, March 30th. The stock was purchased at an average cost of C$114.75 per share, for a total transaction 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 purchased 300 shares of Morguard stock. The shares were purchased at an average cost of C$114.75 per share, with a total value of C$34,425.00.
• On Tuesday, March 17th, Sime Armoyan purchased 5,500 shares of Morguard stock. The shares were purchased at an average price of C$115.00 per share, with a total value of C$632,500.00.

Morguard Stock Performance

Shares of TSE:MRC opened at C$116.23 on Friday. The business has a 50-day moving average of C$115.79 and a two-hundred day moving average of C$115.77. The firm has a market capitalization of C$1.24 billion, a PE ratio of 7.11 and a beta of 0.17. The company has a debt-to-equity ratio of 128.26, a current ratio of 0.27 and a quick ratio of 0.13. Morguard Co. has a 12 month low of C$107.77 and a 12 month high of C$121.63.

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