TSE:MRC

Morguard - MRC Stock Forecast, Price & News

C$109.44

+0.94 (+0.87%)

(As of 12/7/2022 12:00 AM ET)

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Today's Range: C$109.09
▼
C$109.44
50-Day Range: C$105.03
▼
C$114.34
52-Week Range: C$104.00
▼
C$138.10

Volume: 324 shs
Average Volume: 3,329 shs
Market Capitalization: C$1.21 billion

P/E Ratio: 1.85
Dividend Yield: 0.55%
Price Target: C$150.00

About Morguard (TSE:MRC) Stock

Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. As of February 25, 2022, the company owned a portfolio of 197 multi-suite residential, retail, office, industrial, and hotel properties, including 17,752 residential suites, approximately 16.8 million square feet of commercial leasable space, and 5,058 hotel rooms. It also offers real estate management services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; real estate advisory services; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. The company is headquartered in Mississauga, Canada. Morguard Corporation is a subsidiary of Paros Enterprises Limited.

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MRC Stock News Headlines

November 21, 2022 | finance.yahoo.com

Quite a few insiders invested in Morguard Corporation (TSE:MRC) last year which is positive news for shareholders

November 2, 2022 | finance.yahoo.com

Morguard Corporation Announces 2022 Third Quarter Results and Regular Eligible Dividend

October 31, 2022 | finance.yahoo.com

Morguard (TSE:MRC) shareholders have endured a 44% loss from investing in the stock three years ago

October 27, 2022 | cnbc.com

Talent agency CAA drops Ye, as film studio MRC ditches documentary because of his antisemitic remarks

September 29, 2022 | finance.yahoo.com

Thinking Sustainably: Morguard Releases 2021 Sustainability Report

September 16, 2022 | seekingalpha.com

Morguard renews buyback program

September 16, 2022 | theglobeandmail.com

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

September 10, 2022 | reuters.com

MRC.TO - Morguard Corp | Stock Price & Latest News | Reuters

September 9, 2022 | theglobeandmail.com

Morguard: Top 10 Undervalued Dividend Stocks on Toronto Stock Exchange (MRC)

August 25, 2022 | finance.yahoo.com

Canada's Industrial Sector Continued to Outperform During Q2 2022: Morguard

August 22, 2022 | ca.finance.yahoo.com

Morguard Completes Acquisition of a New Class A Office Complex in Kanata (Ottawa), Ontario

August 6, 2022 | theglobeandmail.com

Morguard Corp stock eased on Friday.

August 3, 2022 | finance.yahoo.com

Morguard Corporation Announces 2022 Second Quarter Results and Regular Eligible Dividend

July 5, 2022 | finance.yahoo.com

Is It Time To Consider Buying Morguard Corporation (TSE:MRC)?

May 24, 2022 | finance.yahoo.com

The past three years for Morguard (TSE:MRC) investors has not been profitable

May 5, 2022 | finance.yahoo.com

Morguard Corporation Announces Voting Results from the 2022 Annual Meeting of Shareholders

May 3, 2022 | finance.yahoo.com

Morguard Corporation Announces 2022 First Quarter Results and Regular Eligible Dividend

April 26, 2022 | finance.yahoo.com

Morguard Corporation Announces Rating Change

February 24, 2022 | finance.yahoo.com

Morguard Corporation Announces 2021 Results and Regular Eligible Dividend

January 27, 2022 | finance.yahoo.com

Morguard Corporation Completes Acquisition of Luxury Multi-Purpose Complex in Los Angeles' Creative Epicentre

December 21, 2021 | finance.yahoo.com

Canada's commercial real estate sector is poised for recovery and growth in 2022: Morguard

December 15, 2021 | finance.yahoo.com

Morguard (TSE:MRC) shareholders have endured a 24% loss from investing in the stock five years ago

November 9, 2021 | finance.yahoo.com

At CA$138, Is Morguard Corporation (TSE:MRC) Worth Looking At Closely?

November 4, 2021 | finance.yahoo.com

Morguard Corporation Announces 2021 Third Quarter Results and Regular Eligible Dividend

September 8, 2021 | finance.yahoo.com

Insider Buying: The Morguard Corporation (TSE:MRC) Lead Independent Director Just Bought 11% More Shares

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30 days | 90 days | 365 days | Advanced Chart

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MRC Company Calendar

Today: 12/08/2022
Next Earnings (Estimated): 2/22/2023

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Real Estate Services
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 Forecast: C$150.00
High Stock Price Forecast: C$150.00
Low Stock Price Forecast: C$150.00
Forecasted Upside/Downside: +37.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.50
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 1.85
Forward P/E Ratio: 7.43
P/E Growth: N/A
Net Income: N/A
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: N/A
Return on Assets: N/A

Debt

Debt-to-Equity Ratio: 130.19
Current Ratio: 0.30
Quick Ratio: 0.13

Sales & Book Value

Annual Sales: C$1.06 billion
Price / Sales: 1.14
Cash Flow: C$13.40 per share
Price / Cash Flow: 8.17
Book Value: C$389.36 per share
Price / Book: 0.28

Miscellaneous

Outstanding Shares: 11,022,000
Free Float: N/A
Market Cap: C$1.21 billion
Optionable: Optionable
Beta: N/A

Key Executives

Mr. Kuldip Rai Sahi FCA (Age 75)
FCGA, FCPA, Chairman & CEO
Comp: $2.5M

Mr. Paul Miatello CA (Age 52)
CPA, Sr. VP & CFO
Comp: $494.95k

Mr. W. Scott MacDonald
Exec. VP of Retail Asset Management - Morguard Investments Limited

Ms. Angela Sahi
Exec. VP of Residential Office and Industrial & Director

Mr. John Talano
Sr. VP of Morguard Management

Mr. David Wyatt
Sr. VP of Retail Leasing & Operations - MIL

Ms. Beverley Gail Flynn L.L.B.
LLB, Sr. VP, Gen. Counsel & Sec.

Ms. Pamela J. McLean CA
CPA, Sr. VP of Fin. & CFO of Services MIL

Mr. Andrew Tamlin CA
CPA, Chief Financial Officer of MRT

Mr. Gordon Paul Vollmer (Age 68)
Exec. VP of Office & Industrial Asset Management - Morguard Investments Limited

Key Competitors

View All Competitors

MRC Stock - Frequently Asked Questions

Should I buy or sell Morguard stock right now?: 2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Morguard in the last twelve months. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRC shares.
View MRC analyst ratings or view top-rated stocks.
What is Morguard's stock price forecast for 2023?: 2 equities research analysts have issued 12 month target prices for Morguard's shares. Their MRC share price forecasts range from C$150.00 to C$150.00. On average, they anticipate the company's stock price to reach C$150.00 in the next year. This suggests a possible upside of 37.1% 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 2022?: Morguard's stock was trading at C$136.46 on January 1st, 2022. Since then, MRC stock has decreased by 19.8% and is now trading at C$109.44.
View the best growth stocks for 2022 here.
When is Morguard's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 22nd 2023.
View our MRC earnings forecast.
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 0.55%. The dividend payout ratio is 1.01%. This payout ratio is at a healthy, sustainable level, below 75%.
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).
What is Morguard's stock symbol?: Morguard trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MRC."
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.
What is Morguard's stock price today?: One share of MRC stock can currently be purchased for approximately C$109.44.
How much money does Morguard make?: Morguard (TSE:MRC) has a market capitalization of C$1.21 billion and generates C$1.06 billion in revenue each year.
How many employees does Morguard have?: The company employs 2,600 workers across the globe.
How can I contact Morguard?: 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.

This page (TSE:MRC) was last updated on 12/8/2022 by MarketBeat.com Staff

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