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 target for 2024?

3 Wall Street research analysts have issued 12 month price targets for Morguard North American Residential REIT's shares. Their MRG.UN share price targets range from C$20.00 to C$23.50. On average, they predict the company's share price to reach C$22.00 in the next year. This suggests a possible upside of 65.5% 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 the year. Since then, MRG.UN stock has decreased by 18.0% and is now trading at C$13.29. 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$0.74 per share and currently has a dividend yield of 5.49%. MRG.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Read our dividend analysis for 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 .

Morguard North American Residential REIT Stock Price, News & Analysis (TSE:MRG.UN)

C$13.29

-0.06 (-0.45%)

(As of 11/29/2023 ET)

Compare

Today's Range: C$13.27
▼
C$13.49
50-Day Range: C$13.11
▼
C$15.90
52-Week Range: C$13.08
▼
C$18.97

Volume: 45,450 shs
Average Volume: 29,126 shs
Market Capitalization: C$501.70 million

P/E Ratio: N/A
Dividend Yield: 5.57%
Price Target: C$22.00

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

Morguard North American Residential REIT MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 65.5% Upside
C$22.00 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 1.00
Based on 2 Articles This Week
Insider Trading: Acquiring Shares
C$247,198 Bought Last Quarter
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.

2.44 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Morguard 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/Downside
According to analysts' consensus price target of C$22.00, Morguard North American Residential REIT has a forecasted upside of 65.5% from its current price of C$13.29.
Amount of Analyst Coverage
Morguard North American Residential REIT 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 MRG.UN.

1.7

Dividend Strength

Dividend Leadership
Morguard North American Residential REIT is a leading dividend payer. It pays a dividend yield of 5.49%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Morguard North American Residential REIT 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 MRG.UN.

2.8

News and Social Media Coverage

News Sentiment
Morguard North American Residential REIT has a news sentiment score of 1.00. 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 0.43 average news sentiment score of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Morguard North American Residential REIT this week, compared to 0 articles on an average week.
MarketBeat Follows
Only 1 people have added Morguard North American Residential REIT to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Morguard North American Residential REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$247,198.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
24.69% 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 Institutions
Only 9.19% of the stock of Morguard North American Residential REIT is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Morguard North American Residential REIT is -21.44, 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 North American Residential REIT is -21.44, 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 North American Residential REIT has a P/B Ratio of 0.27. 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 North American Residential REIT Stock (TSE:MRG.UN)

The 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.

MRG.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MRG.UN Stock News Headlines

November 26, 2023 | americanbankingnews.com

Morguard North American Residential REIT (TSE:MRG.UN) Insider Buys C$247,198.08 in Stock

October 27, 2023 | msn.com

This 5% Dividend Stock Pays Cash Every Month!

November 30, 2023 | Edge On The Street (Ad)

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August 30, 2023 | msn.com

3 Stocks You Can Confidently Invest $500 in Right Now

June 15, 2023 | finance.yahoo.com

Morguard North American Residential REIT Declares June 2023 Distribution of $0.06 per Unit

May 15, 2023 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares May 2023 Distribution of $0.06 per Unit

May 5, 2023 | finance.yahoo.com

Morguard North American Residential Real Estate Investment Trust Announces Voting Results from the 2023 Annual Meeting of Unitholders

April 27, 2023 | theglobeandmail.com

Closing Bell: Morguard Na Residential REIT Units up on Thursday (MRG-UN)

November 30, 2023 | Autonomix (Ad)

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April 27, 2023 | msn.com

Morguard North American Residential REIT reports Q1 results

April 25, 2023 | finance.yahoo.com

Morguard North American Residential REIT Announces 2023 First Quarter Results

April 19, 2023 | theglobeandmail.com

Closing Bell: Morguard Na Residential REIT Units down on Tuesday (MRG-UN)

April 15, 2023 | theglobeandmail.com

Closing Bell: Morguard Na Residential REIT Units up on Friday (MRG-UN)

April 14, 2023 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares April 2023 Distribution of $0.06 per Unit

March 29, 2023 | finance.yahoo.com

Morguard North American Residential REIT Completes Acquisition of a Class A Multi-Suite Residential High-Rise in Downtown Chicago

March 9, 2023 | ca.finance.yahoo.com

MORGUARD NORTH AMERICAN RESIDENTIAL REIT ANNOUNCES COMPLETION OF ITS PREVIOUSLY ANNOUNCED PUBLIC OFFERING OF $50 MILLION OF CONVERTIBLE DEBENTURES

February 14, 2023 | finance.yahoo.com

Morguard North American Residential REIT Announces 2022 Results

February 7, 2023 | fool.ca

2 Top Residential REITs to Buy in February 2023

January 9, 2023 | theglobeandmail.com

Monday’s Insider Report: Trustee invests over $350,000 in this REIT with a nearly 30% upside forecast

January 1, 2023 | msn.com

How to Invest in Real Estate in 2023 (Even if Rates Keep Climbing)

December 15, 2022 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares December 2022 Distribution of $0.06 per Unit

November 15, 2022 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares November 2022 Distribution of $0.06 per Unit

October 25, 2022 | ca.finance.yahoo.com

Morguard North American Residential REIT Announces 2022 Third Quarter Results and an Increase to Monthly Cash Distribution

October 14, 2022 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares October 2022 Distribution of $0.0583 per Unit

September 27, 2022 | yahoo.com

Morguard North American Residential REIT Completes Acquisition of Rockville Town Square in Rockville, Maryland

September 24, 2022 | seekingalpha.com

ARR.PC ARMOUR Residential REIT, Inc. 7% SER C CUM PFD

September 11, 2022 | reuters.com

MRG_u.TO - Morguard North American Residential REIT | Stock Price & Latest News | Reuters

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: REIT - Residential
Sub-Industry: N/A
Sector: Real Estate
Current Symbol: TSE:MRG.UN
CUSIP: N/A
CIK: N/A
Web: www.morguard.com
Phone: +1-905-2815923
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$22.00
High Stock Price Target: C$23.50
Low Stock Price Target: C$20.00
Potential Upside/Downside: +65.5%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($0.62)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 24.94
P/E Growth: N/A
Net Income: C$-24,630,000.00
Net Margins: -7.63%
Pretax Margin: N/A
Return on Equity: -0.91%
Return on Assets: 2.25%

Debt

Debt-to-Equity Ratio: 93.71
Current Ratio: 0.35
Quick Ratio: 0.09

Sales & Book Value

Annual Sales: C$322.88 million
Price / Sales: 1.55
Cash Flow: C$0.49 per share
Price / Cash Flow: 27.19
Book Value: C$49.10 per share
Price / Book: 0.27

Miscellaneous

Outstanding Shares: 37,750,000
Free Float: N/A
Market Cap: C$501.70 million
Optionable: Not Optionable
Beta: 1.09

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Key Executives

Mr. Kuldip Rai Sahi FCPA (Age 72)
FCGA, FCA, Chairman & CEO
Mr. Christopher A. Newman
Chief Financial Officer
Mr. Robert D. Wright CPA
VP
Mr. Sanjay Ratejay
VP of Operations
Ms. Beverley Gail Flynn L.L.B.
LLB, Sr. VP, Gen. Counsel & Sec.

Key Competitors

View All Competitors

Insiders

Sime Armoyan
Bought 2,400 shares on 11/23/2023
Total: C$247,198.08 ($103.00/share)

View All Insider Transactions

MRG.UN Stock Analysis - 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 target for 2024?: 3 Wall Street research analysts have issued 12 month price targets for Morguard North American Residential REIT's shares. Their MRG.UN share price targets range from C$20.00 to C$23.50. On average, they predict the company's share price to reach C$22.00 in the next year. This suggests a possible upside of 65.5% 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 the year. Since then, MRG.UN stock has decreased by 18.0% and is now trading at C$13.29.
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$0.74 per share and currently has a dividend yield of 5.49%. MRG.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for 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.

This page (TSE:MRG.UN) was last updated on 11/30/2023 by MarketBeat.com Staff

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Morguard North American Residential REIT Stock Price, News & Analysis (TSE:MRG.UN)

Morguard North American Residential REIT 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

News Coverage This Week

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Morguard North American Residential REIT Stock (TSE:MRG.UN)

MRG.UN Stock Price History

MRG.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MRG.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™