TSE:MRG.UN

Morguard North American Residential REIT - MRG.UN Stock Forecast, Price & News

C$17.46

-0.01 (-0.06%)

(As of 03/20/2023 12:00 AM ET)

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Today's Range: C$17.26
▼
C$17.68
50-Day Range: C$16.80
▼
C$18.97
52-Week Range: C$14.50
▼
C$20.48

Volume: 27,604 shs
Average Volume: 30,325 shs
Market Capitalization: C$681.99 million

P/E Ratio: 3.15
Dividend Yield: 4.12%
Price Target: C$23.00

Morguard North American Residential REIT MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 31.7% Upside
C$23.00 Price Target
Short Interest: N/A
Dividend Strength: Moderate
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.

2.30 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$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 Coverage
Morguard North American Residential REIT has only been the subject of 3 research reports in the past 90 days.

N/A

Short Interest

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

2.5

Dividend Strength

Dividend Leadership
Morguard 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 Growth
Morguard North American Residential REIT does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Morguard North American Residential REIT is 13.00%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

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

0.0

News and Social Media Coverage

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 -50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Morguard North American Residential REIT insiders have not sold or bought any company stock.
Percentage Held by Insiders
24.33% 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 Institutions
Only 10.02% of the stock of Morguard North American Residential REIT is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The 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. Sector
The 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 Ratio
Morguard 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.

See Top Rated MarketRank™ Stocks Here

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

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.

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MRG.UN Stock News Headlines

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

March 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.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

March 21, 2023 | Investor Place Media (Ad)

Biden To Unleash "Choke Point" Operation On America?

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 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

July 28, 2022 | msn.com

Morguard North American Residential REIT’s Q2 Earnings Show it’s 1 of the Top Stocks to Buy Now!

July 26, 2022 | ca.finance.yahoo.com

Morguard North American Residential REIT Announces 2022 Second Quarter Results

June 24, 2022 | ca.finance.yahoo.com

Attention Canada: It’s Time to Buy These REITs in Your TFSA

June 21, 2022 | msn.com

Real Estate: 3 Dividend Aristocrat Stocks to Buy on Sale Today!

June 1, 2022 | ca.investing.com

Housing and Rate Hikes: 2 REITs to Keep an Eye on

May 21, 2022 | fool.ca

Housing Market in May 2022: Buyers and Sellers Are in a Bind

April 5, 2022 | fool.ca

3 of the Best REITs to Buy for Passive Income

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

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

January 6, 2022 | ca.finance.yahoo.com

Stocks in play: Morguard North American Residential Real Estate In

December 30, 2021 | ca.finance.yahoo.com

Affordability Crisis Worsens: Home Ownership Costs Rise to 47.5%

October 26, 2021 | finance.yahoo.com

Morguard North American Residential REIT Announces 2021 Third Quarter Results

October 15, 2021 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares October 2021 Distribution of $0.0583 per Unit

September 9, 2021 | msn.com

Lazy Landlords: 2 Top Real Estate Stocks to Buy Now

August 16, 2021 | markets.businessinsider.com

Morguard North American Residential REIT Declares August 2021 Distribution of $0.0583 per Unit

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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 Forecast: C$23.00
High Stock Price Forecast: C$24.00
Low Stock Price Forecast: C$21.50
Forecasted Upside/Downside: +31.7%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$5.54
Trailing P/E Ratio: 3.15
Forward P/E Ratio: 16.59
P/E Growth: N/A
Net Income: C$219.28 million
Net Margins: 77.67%
Pretax Margin: N/A
Return on Equity: 14.02%
Return on Assets: 2.29%

Debt

Debt-to-Equity Ratio: 95.00
Current Ratio: 0.74
Quick Ratio: 0.09

Sales & Book Value

Annual Sales: C$282.31 million
Price / Sales: 2.42
Cash Flow: C$0.64 per share
Price / Cash Flow: 27.19
Book Value: C$44.83 per share
Price / Book: 0.39

Miscellaneous

Outstanding Shares: 39,060,000
Free Float: N/A
Market Cap: C$681.99 million
Optionable: Not Optionable
Beta: 1.03

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

Stephen Ronald Taylor
Bought 100 shares on 5/12/2022
Total: 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

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Morguard North American Residential REIT - MRG.UN Stock Forecast, Price & News

Morguard North American Residential REIT MarketRank™ Forecast

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

MarketBeat Follows

Company Ownership

Earnings and Valuation

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

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 - Frequently Asked Questions

Overall MarketRank^™