The Independent Trustee of Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN), Bruce Robertson, Just Bought 2.2% More Shares

By
Simply Wall St
Published
September 09, 2021
TSX:MRG.UN
Source: Shutterstock

Investors who take an interest in Morguard North American Residential Real Estate Investment Trust (TSE:MRG.UN) should definitely note that the Independent Trustee, Bruce Robertson, recently paid CA$17.82 per share to buy CA$160k worth of the stock. While that's a very decent purchase to our minds, it was proportionally a bit modest, boosting their holding by just 2.2%.

Check out our latest analysis for Morguard North American Residential Real Estate Investment Trust

Morguard North American Residential Real Estate Investment Trust Insider Transactions Over The Last Year

In fact, the recent purchase by Independent Trustee Bruce Robertson was not their only acquisition of Morguard North American Residential Real Estate Investment Trust shares this year. Earlier in the year, they paid CA$15.01 per share in a CA$182k purchase. Although we like to see insider buying, we note that this large purchase was at significantly below the recent price of CA$17.95. While it does suggest insiders consider the stock undervalued at lower prices, this transaction doesn't tell us much about what they think of current prices.

Bruce Robertson bought 21.20k shares over the last 12 months at an average price of CA$16.14. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

insider-trading-volume
TSX:MRG.UN Insider Trading Volume September 10th 2021

Morguard North American Residential Real Estate Investment Trust is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.

Insider Ownership of Morguard North American Residential Real Estate Investment Trust

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. I reckon it's a good sign if insiders own a significant number of shares in the company. Morguard North American Residential Real Estate Investment Trust insiders own about CA$23m worth of shares. That equates to 2.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Morguard North American Residential Real Estate Investment Trust Insiders?

It is good to see the recent insider purchase. We also take confidence from the longer term picture of insider transactions. Insiders likely see value in Morguard North American Residential Real Estate Investment Trust shares, given these transactions (along with notable insider ownership of the company). In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Morguard North American Residential Real Estate Investment Trust. Every company has risks, and we've spotted 3 warning signs for Morguard North American Residential Real Estate Investment Trust (of which 1 shouldn't be ignored!) you should know about.

Of course Morguard North American Residential Real Estate Investment Trust may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.

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