TSE:MRG.UN Morguard North American Residential REIT - MRG.UN Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Morguard North American Residential REIT Please log in to your account or sign up in order to add this asset to your watchlist. C$17.46 -0.01 (-0.06%) (As of 03/20/2023 12:00 AM ET) Add Compare Share Share Today's RangeC$17.26▼C$17.6850-Day RangeC$16.80▼C$18.9752-Week RangeC$14.50▼C$20.48Volume27,604 shsAverage Volume30,325 shsMarket CapitalizationC$681.99 millionP/E Ratio3.15Dividend Yield4.12%Price TargetC$23.00 ProfileAnalyst RatingsChartCompetitorsInsider TradesHeadlinesSocial Media Morguard North American Residential REIT MarketRank™ ForecastAnalyst RatingBuy3.00 Rating ScoreUpside/Downside31.7% UpsideC$23.00 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.30 out of 5 stars 3.5 Analyst's Opinion Consensus RatingMorguard North American Residential REIT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$23.00, Morguard North American Residential REIT has a forecasted upside of 31.7% from its current price of C$17.46.Amount of Analyst CoverageMorguard North American Residential REIT has only been the subject of 3 research reports in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MRG.UN. Previous Next 2.5 Dividend Strength Dividend LeadershipMorguard North American Residential REIT is a leading dividend payer. It pays a dividend yield of 4.00%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMorguard North American Residential REIT does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Morguard North American Residential REIT is 13.00%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MRG.UN. Previous Next 0.0 News and Social Media Coverage MarketBeat FollowsOnly 1 people have added Morguard North American Residential REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days. Previous Next 1.7 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Morguard North American Residential REIT insiders have not sold or bought any company stock.Percentage Held by Insiders24.33% of the stock of Morguard North American Residential REIT is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 10.02% of the stock of Morguard North American Residential REIT is held by institutions. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Morguard North American Residential REIT is 3.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 132.92.Price to Earnings Ratio vs. SectorThe P/E ratio of Morguard North American Residential REIT is 3.15, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 167.37.Price to Book Value per Share RatioMorguard North American Residential REIT has a P/B Ratio of 0.39. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Morguard North American Residential REIT (TSE:MRG.UN) StockThe REIT is an unincorporated, open-ended real estate investment trust established under and governed by the laws of the Province of Ontario. The Units of the REIT trade on the Toronto Stock Exchange under the ticker symbol MRG.UN. With a strategic focus on the acquisition of high-quality multi-suite residential properties in Canada and the United States, the REIT maximizes long-term Unit value through active asset and property management. Its portfolio consists of 13,236 residential suites (as of February 12, 2019) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $2.8 billion at December 31, 2018.Read More Receive MRG.UN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Morguard North American Residential REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address MRG.UN Stock News HeadlinesMarch 9, 2023 | ca.finance.yahoo.comMORGUARD NORTH AMERICAN RESIDENTIAL REIT ANNOUNCES COMPLETION OF ITS PREVIOUSLY ANNOUNCED PUBLIC OFFERING OF $50 MILLION OF CONVERTIBLE DEBENTURESFebruary 14, 2023 | finance.yahoo.comMorguard North American Residential REIT Announces 2022 ResultsMarch 21, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.February 7, 2023 | fool.ca2 Top Residential REITs to Buy in February 2023January 9, 2023 | theglobeandmail.comMonday’s Insider Report: Trustee invests over $350,000 in this REIT with a nearly 30% upside forecastJanuary 1, 2023 | msn.comHow to Invest in Real Estate in 2023 (Even if Rates Keep Climbing)December 15, 2022 | ca.finance.yahoo.comMorguard North American Residential REIT Declares December 2022 Distribution of $0.06 per UnitNovember 15, 2022 | ca.finance.yahoo.comMorguard North American Residential REIT Declares November 2022 Distribution of $0.06 per UnitMarch 21, 2023 | Investor Place Media (Ad)Biden To Unleash "Choke Point" Operation On America?Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.October 25, 2022 | ca.finance.yahoo.comMorguard North American Residential REIT Announces 2022 Third Quarter Results and an Increase to Monthly Cash DistributionOctober 14, 2022 | ca.finance.yahoo.comMorguard North American Residential REIT Declares October 2022 Distribution of $0.0583 per UnitSeptember 24, 2022 | seekingalpha.comARR.PC ARMOUR Residential REIT, Inc. 7% SER C CUM PFDSeptember 11, 2022 | reuters.comMRG_u.TO - Morguard North American Residential REIT | Stock Price & Latest News | ReutersJuly 28, 2022 | msn.comMorguard North American Residential REIT’s Q2 Earnings Show it’s 1 of the Top Stocks to Buy Now!July 26, 2022 | ca.finance.yahoo.comMorguard North American Residential REIT Announces 2022 Second Quarter ResultsJune 24, 2022 | ca.finance.yahoo.comAttention Canada: It’s Time to Buy These REITs in Your TFSAJune 21, 2022 | msn.comReal Estate: 3 Dividend Aristocrat Stocks to Buy on Sale Today!June 1, 2022 | ca.investing.comHousing and Rate Hikes: 2 REITs to Keep an Eye onMay 21, 2022 | fool.caHousing Market in May 2022: Buyers and Sellers Are in a BindApril 5, 2022 | fool.ca3 of the Best REITs to Buy for Passive IncomeFebruary 15, 2022 | ca.finance.yahoo.comMorguard North American Residential REIT Declares February 2022 Distribution of $0.0583 per UnitJanuary 6, 2022 | ca.finance.yahoo.comStocks in play: Morguard North American Residential Real Estate InDecember 30, 2021 | ca.finance.yahoo.comAffordability Crisis Worsens: Home Ownership Costs Rise to 47.5%October 26, 2021 | finance.yahoo.comMorguard North American Residential REIT Announces 2021 Third Quarter ResultsOctober 15, 2021 | ca.finance.yahoo.comMorguard North American Residential REIT Declares October 2021 Distribution of $0.0583 per UnitSeptember 9, 2021 | msn.comLazy Landlords: 2 Top Real Estate Stocks to Buy NowAugust 16, 2021 | markets.businessinsider.comMorguard North American Residential REIT Declares August 2021 Distribution of $0.0583 per UnitSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive MRG.UN Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Morguard North American Residential REIT and its competitors with MarketBeat's FREE daily newsletter. Email Address Industry, Sector and Symbol Stock ExchangeTSE Industry REIT - Residential Sub-IndustryN/A SectorReal Estate Current SymbolTSE:MRG.UN CUSIPN/A CIKN/A Webwww.morguard.com Phone+1-905-2815923FaxN/AEmployeesN/AYear FoundedN/APrice Target and Rating Average Stock Price ForecastC$23.00 High Stock Price ForecastC$24.00 Low Stock Price ForecastC$21.50 Forecasted Upside/Downside+31.7%Consensus RatingBuy Rating Score (0-4)3.00 Research Coverage3 Analysts Profitability EPS (Most Recent Fiscal Year)C$5.54 Trailing P/E Ratio3.15 Forward P/E Ratio16.59 P/E GrowthN/ANet IncomeC$219.28 million Net Margins77.67% Pretax MarginN/A Return on Equity14.02% Return on Assets2.29% Debt Debt-to-Equity Ratio95.00 Current Ratio0.74 Quick Ratio0.09 Sales & Book Value Annual SalesC$282.31 million Price / Sales2.42 Cash FlowC$0.64 per share Price / Cash Flow27.19 Book ValueC$44.83 per share Price / Book0.39Miscellaneous Outstanding Shares39,060,000Free FloatN/AMarket CapC$681.99 million OptionableNot Optionable Beta1.03 Key ExecutivesMr. Kuldip Rai Sahi FCPA (Age 72)FCGA, FCA, Chairman & CEO Mr. Christopher A. NewmanChief Financial OfficerMr. Robert D. Wright CPAVPMr. Sanjay RatejayVP of OperationsMs. Beverley Gail Flynn L.L.B.LLB, Sr. VP, Gen. Counsel & Sec.Key CompetitorsPure Multi-Family REITCVE:RUF.UNMinto Apartment Real Estate Invt TrustTSE:MI.UNBsr Real Estate Investment TrustTSE:HOM.UInterrent Real Estate Investment TrustTSE:IIP.UNKillam Apartment REITTSE:KMP.UNView All CompetitorsInsidersStephen Ronald TaylorBought 100 shares on 5/12/2022Total: C$11,400.00 ($114.00/share)View All Insider Transactions MRG.UN Stock - Frequently Asked Questions Should I buy or sell Morguard North American Residential REIT stock right now? 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Morguard North American Residential REIT in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRG.UN shares. View MRG.UN analyst ratings or view top-rated stocks. What is Morguard North American Residential REIT's stock price forecast for 2023? 3 brokerages have issued 12-month price objectives for Morguard North American Residential REIT's shares. Their MRG.UN share price forecasts range from C$21.50 to C$24.00. On average, they anticipate the company's stock price to reach C$23.00 in the next twelve months. This suggests a possible upside of 31.7% from the stock's current price. View analysts price targets for MRG.UN or view top-rated stocks among Wall Street analysts. How have MRG.UN shares performed in 2023? Morguard North American Residential REIT's stock was trading at C$16.20 at the beginning of 2023. Since then, MRG.UN stock has increased by 7.8% and is now trading at C$17.46. View the best growth stocks for 2023 here. Is Morguard North American Residential REIT a good dividend stock? Morguard North American Residential REIT (TSE:MRG.UN) pays an annual dividend of C$0.72 per share and currently has a dividend yield of 4.00%. MRG.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 13.00%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MRG.UN. What is Morguard North American Residential REIT's stock symbol? Morguard North American Residential REIT trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MRG.UN." How do I buy shares of Morguard North American Residential REIT? Shares of MRG.UN 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 North American Residential REIT's stock price today? One share of MRG.UN stock can currently be purchased for approximately C$17.46. How much money does Morguard North American Residential REIT make? Morguard North American Residential REIT (TSE:MRG.UN) has a market capitalization of C$681.99 million and generates C$282.31 million in revenue each year. The company earns C$219.28 million in net income (profit) each year or C$5.54 on an earnings per share basis. How can I contact Morguard North American Residential REIT? Morguard North American Residential REIT's mailing address is 1000-55 City Centre Dr, MISSISSAUGA, ON L5B 1M3, Canada. The official website for the company is www.morguard.com. The company can be reached via phone at +1-905-2815923. This page (TSE:MRG.UN) was last updated on 3/21/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis. 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