Should I buy or sell Morguard stock right now?

1 Wall Street 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 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 .

What is Morguard's stock price target for 2024?

1 analysts have issued twelve-month target prices for Morguard's shares. Their MRC share price targets range from C$135.00 to C$135.00. On average, they predict the company's stock price to reach C$135.00 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price. View analysts price targets for MRC or view top-rated stocks among Wall Street analysts .

How have MRC shares performed in 2023?

Morguard's stock was trading at C$112.46 at the beginning of 2023. Since then, MRC shares have decreased by 6.4% and is now trading at C$105.27. View the best growth stocks for 2023 here .

When is Morguard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024. View our MRC earnings forecast .

How were Morguard's earnings last quarter?

Morguard Co. (TSE:MRC) released its quarterly earnings data on Wednesday, November, 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter. The real estate investment trust earned $312.36 million during the quarter. Morguard had a negative net margin of 26.75% and a negative trailing twelve-month return on equity of 7.97%.

How often does Morguard pay dividends? What is the dividend yield for Morguard?

Morguard announced a quarterly dividend on Wednesday, November 1st. Shareholders of record on Friday, December 15th will be paid a dividend of 0.15 per share on Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, December 14th. Read our dividend analysis for MRC .

Is Morguard a good dividend stock?

Morguard (TSE:MRC) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 0.56%. Read our dividend analysis for MRC .

What other stocks do shareholders of Morguard own?

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) .

How do I buy shares of Morguard?

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. Compare Top Brokerages Here .

Morguard (MRC) Stock Price, News & Analysis

C$105.27

-3.19 (-2.94%)

(As of 12/11/2023 ET)

Compare

Today's Range: C$105.27
▼
C$106.01
50-Day Range: C$100.54
▼
C$108.46
52-Week Range: C$100.05
▼
C$124.01

Volume: 1,268 shs
Average Volume: 3,966 shs
Market Capitalization: C$1.14 billion

P/E Ratio: N/A
Dividend Yield: 0.57%
Price Target: C$135.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Morguard MarketRank™ Stock Analysis

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 28.2% Upside
C$135.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

3.0

Analyst's Opinion

Consensus Rating
Morguard has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$135.00, Morguard has a forecasted upside of 28.2% from its current price of C$105.27.
Amount of Analyst Coverage
Morguard has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MRC.

0.0

Dividend Strength

Dividend Yield
Morguard has a dividend yield of 0.56%, which is in the bottom 25% of all stocks that pay dividends.
Dividend Growth
Morguard does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MRC.

3.3

News and Social Media Coverage

News Sentiment
Morguard has a news sentiment score of 1.98. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.57 average news sentiment score of Real Estate companies.
Search Interest
7 people have searched for MRC on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Morguard insiders have not sold or bought any company stock.
Percentage Held by Insiders
61.34% of the stock of Morguard is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 5.00% of the stock of Morguard is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Morguard is -3.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Morguard is -3.64, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Morguard has a P/B Ratio of 0.29. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Morguard Stock (TSE:MRC)

Morguard Corporation, a real estate investment and management company, engages in acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. The company offers real estate management services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; real estate investment advisory services; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. It owns a portfolio of asset comprising multi-suite residential, retail, office, industrial, and hotel properties, including residential suites, commercial leasable space, and hotel rooms. The company is headquartered in Mississauga, Canada. Morguard Corporation operates as a subsidiary of Paros Enterprises Limited.

MRC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MRC Stock News Headlines

December 4, 2023 | finance.yahoo.com

Morguard Celebrates Prestigious Win at the 2023 FRPO MAC Awards

November 28, 2023 | finance.yahoo.com

Canada's Multi-Suite Residential and Industrial Real Estate Poised for Continued Strength in 2024: Morguard

December 11, 2023 | Wealthpress (Ad)

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November 27, 2023 | finance.yahoo.com

Morguard Corporation (TSE:MRC) insiders have significant skin in the game with 63% ownership

November 14, 2023 | finance.yahoo.com

Canadian Commercial Real Estate Market Remains Steady in Q3 2023: Morguard

November 10, 2023 | morningstar.com

Mineral Commodities Ltd MRC

November 1, 2023 | finance.yahoo.com

Morguard Corporation Announces 2023 Third Quarter Results and Regular Eligible Dividend

October 26, 2023 | finance.yahoo.com

One Morguard Insider Raised Stake By 21% In Previous Year

December 11, 2023 | Wealthpress (Ad)

Trading Experts Call It “The Perfect Tesla Trade”

October 14, 2023 | theglobeandmail.com

Morguard: Top 10 Undervalued Real Estate Industry Stocks (MRC)

October 5, 2023 | finance.yahoo.com

Morguard (TSE:MRC) shareholders have endured a 41% loss from investing in the stock five years ago

September 26, 2023 | finance.yahoo.com

Morguard Announces Completion of $175 Million Offering of 9.5% Series H Senior Unsecured Debentures

September 26, 2023 | finance.yahoo.com

Investors Remain Confident Amid U.S. Multi Suite Residential Sales Slowdown: Morguard

September 22, 2023 | finance.yahoo.com

Morguard Announces $175 Million Offering of 9.5% Series H Senior Unsecured Debentures

September 21, 2023 | wsj.com

MRC Allied Inc.

September 20, 2023 | finance.yahoo.com

Morguard Welcomes Ferragamo's Newest Canadian Boutique to The Colonnade in Bloor-Yorkville

August 15, 2023 | finance.yahoo.com

Canada's Multi-Suite Residential Sector Records Steady Growth in Q2 2023: Morguard

August 10, 2023 | finance.yahoo.com

When Should You Buy Morguard Corporation (TSE:MRC)?

August 7, 2023 | theglobeandmail.com

Closing Bell: Morguard Corp flat on Wednesday (MRC)

August 3, 2023 | seekingalpha.com

Morguard reports Q2 results

July 22, 2023 | theglobeandmail.com

Morguard: Stocks Undervalued by Analyst Consensus on TSX (MRC)

July 19, 2023 | theglobeandmail.com

Closing Bell: Morguard Corp flat on Tuesday (MRC)

June 29, 2023 | finance.yahoo.com

Actively Pursuing Sustainability: Morguard Releases 2022 Sustainability Report

June 27, 2023 | theglobeandmail.com

Closing Bell: Morguard Corp down on Monday (MRC)

June 6, 2023 | ca.finance.yahoo.com

Office Vacancies Across Canada Continue To Rise

May 17, 2023 | theglobeandmail.com

Closing Bell: Morguard Corp down on Wednesday (MRC)

May 17, 2023 | theglobeandmail.com

Closing Bell: Morguard Corp up on Tuesday (MRC)

See More Headlines

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Company Calendar

Ex-Dividend for 9/29 Dividend: 9/14/2023
Dividend Payable: 9/29/2023
Last Earnings: 11/01/2023
Today: 12/11/2023
Ex-Dividend for 12/29 Dividend: 12/14/2023
Dividend Payable: 12/29/2023
Next Earnings (Estimated): 2/22/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Real Estate - Diversified
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:MRC
CUSIP: N/A
CIK: N/A
Web: www.morguard.com
Phone: +1-905-2813800
Fax: N/A
Employees: 2,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$135.00
High Stock Price Target: C$135.00
Low Stock Price Target: C$135.00
Potential Upside/Downside: +28.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($28.96)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 4.38
P/E Growth: N/A
Net Income: C$-322,410,000.00
Net Margins: -26.75%
Pretax Margin: N/A
Return on Equity: -7.97%
Return on Assets: 2.78%

Debt

Debt-to-Equity Ratio: 141.18
Current Ratio: 0.19
Quick Ratio: 0.13

Sales & Book Value

Annual Sales: C$1.21 billion
Price / Sales: 0.94
Cash Flow: C$12.99 per share
Price / Cash Flow: 8.10
Book Value: C$361.80 per share
Price / Book: 0.29

Miscellaneous

Outstanding Shares: 10,810,000
Free Float: N/A
Market Cap: C$1.14 billion
Optionable: Not Optionable
Beta: 1.12

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Key Executives

Mr. Kuldip Rai Sahi FCA (Age 76)
FCGA, FCPA, Chairman & CEO
Comp: $2.99M
Mr. Paul Miatello CA (Age 53)
CPA, Senior VP & CFO
Comp: $564.65k
Ms. Angela Sahi
Executive VP of Residential Office and Industrial & Non-Independent Director
Mr. John Talano
Senior Vice President of Morguard Management
Mr. David Wyatt
Senior Vice President of Retail Leasing & Operations - MIL
Ms. Beverley Gail Flynn L.L.B.
Senior VP, General Counsel & Secretary
Ms. Pamela J. McLean CA
CPA, Senior VP of Finance & CFO of Services MIL
Mr. Andrew Tamlin CA
CPA, Chief Financial Officer of MRT
Ms. Margaret Knowles
Senior Vice President of Development - Morguard Investments Limited
Brian Athey
Vice President of Development

Key Competitors

View All Competitors

MRC Stock Analysis - Frequently Asked Questions

Should I buy or sell Morguard stock right now?: 1 Wall Street 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 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.
What is Morguard's stock price target for 2024?: 1 analysts have issued twelve-month target prices for Morguard's shares. Their MRC share price targets range from C$135.00 to C$135.00. On average, they predict the company's stock price to reach C$135.00 in the next twelve months. This suggests a possible upside of 28.2% from the stock's current price.
View analysts price targets for MRC or view top-rated stocks among Wall Street analysts.
How have MRC shares performed in 2023?: Morguard's stock was trading at C$112.46 at the beginning of 2023. Since then, MRC shares have decreased by 6.4% and is now trading at C$105.27.
View the best growth stocks for 2023 here.
When is Morguard's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, February 22nd 2024.
View our MRC earnings forecast.
How were Morguard's earnings last quarter?: Morguard Co. (TSE:MRC) released its quarterly earnings data on Wednesday, November, 1st. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter. The real estate investment trust earned $312.36 million during the quarter. Morguard had a negative net margin of 26.75% and a negative trailing twelve-month return on equity of 7.97%.

How often does Morguard pay dividends? What is the dividend yield for Morguard?: Morguard announced a quarterly dividend on Wednesday, November 1st. Shareholders of record on Friday, December 15th will be paid a dividend of 0.15 per share on Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 0.57%. The ex-dividend date of this dividend is Thursday, December 14th.
Read our dividend analysis for MRC.
Is Morguard a good dividend stock?: Morguard (TSE:MRC) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 0.56%.
Read our dividend analysis for MRC.
What other stocks do shareholders of Morguard own?: 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).
How do I buy shares of Morguard?: 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.
Compare Top Brokerages Here.

This page (TSE:MRC) was last updated on 12/11/2023 by MarketBeat.com Staff

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Morguard (MRC) Stock Price, News & Analysis

Morguard MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

Search Interest

Company Ownership

Earnings and Valuation

About Morguard Stock (TSE:MRC)

MRC Stock Price History

MRC Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MRC Stock Analysis - Frequently Asked Questions

Overall MarketRank^™