Morguard (MRC) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Morguard in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRC, but not buy additional shares or sell existing shares.
View MRC analyst ratings or view top-rated stocks.

1 equities research analysts have issued 12-month price objectives for Morguard's shares. Their MRC share price forecasts range from C$145.00 to C$145.00. On average, they predict the company's share price to reach C$145.00 in the next year. This suggests a possible upside of 42.2% from the stock's current price.
View analysts price targets for MRC or view top-rated stocks among Wall Street analysts.

Morguard's stock was trading at C$112.46 at the beginning of 2023. Since then, MRC stock has decreased by 9.3% and is now trading at C$102.00.
View the best growth stocks for 2023 here.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our MRC earnings forecast.

Morguard Co. (TSE:MRC) released its earnings results on Wednesday, August, 2nd. The real estate investment trust reported $8.19 EPS for the quarter. The real estate investment trust had revenue of $306.02 million for the quarter. Morguard had a negative trailing twelve-month return on equity of 6.71% and a negative net margin of 21.93%.

Morguard announced a quarterly dividend on Thursday, August 3rd. Shareholders of record on Friday, September 15th will be paid a dividend of 0.15 per share on Friday, September 29th. This represents a $0.60 annualized dividend and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for MRC.

Morguard (TSE:MRC) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 0.59%.
Read our dividend analysis for MRC.

Based on aggregate information from My MarketBeat watchlists, some companies that other Morguard investors own include Allied Properties Real Estate Investment (AP.UN), Artis Real Estate Investment Trust Unit (AX.UN), Boardwalk REIT (BEI.UN), Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Canadian Apartment Properties REIT (CAR.UN), Cominar REIT (CUF.UN), Dream Office Real Estate Investment Trst (D.UN), Dorel Industries (DII.B) and Ensign Energy Services (ESI).

Morguard trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MRC."

Shares of MRC stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of MRC stock can currently be purchased for approximately C$102.00.

Morguard (TSE:MRC) has a market capitalization of C$1.10 billion and generates C$1.19 billion in revenue each year. The real estate investment trust earns C$-261,080,000.00 in net income (profit) each year or C($23.46) on an earnings per share basis.

The company employs 2,600 workers across the globe.

Morguard's mailing address is 55 City Centre Dr Suite 800, MISSISSAUGA, ON L5B 1M3, Canada. The official website for the company is www.morguard.com. The real estate investment trust can be reached via phone at +1-905-2813800.