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What’s next for GM stock: Buybacks and a dividend increase
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S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
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The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
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The 4 highest-shorted large-cap stocks
The top-rated strong-buy stocks on Marketbeat’s radar
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What’s next for GM stock: Buybacks and a dividend increase
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023
S&P 500   4,550.58
DOW   35,430.42
QQQ   389.81
How to trade penny stocks: A step-by-step guide
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
These are the top sectors for blue chip growth in 2024
MercadoLibre up 28% as Latin American ecommerce poised for growth
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
The 4 highest-shorted large-cap stocks
The top-rated strong-buy stocks on Marketbeat’s radar
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
What’s next for GM stock: Buybacks and a dividend increase
General Motors, NetApp rise; Petco, Hormel Foods fall, Wednesday, 11/29/2023

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

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
1.00mentions of Morguard North American Residential REIT in the last 14 days
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


MRG.UN stock logo

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

MRG.UN Stock News Headlines

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According to FX Empire, the gold forecast is now bullish, with support for a $3,000 target in 2024. The big question is how to play it. Some investors are discovering a unique gold investment alternative that sidesteps the major issues with gold mining stocks or physical gold.
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
ARR.PC ARMOUR Residential REIT, Inc. 7% SER C CUM PFD
See More Headlines
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Industry, Sector and Symbol

Industry
REIT - Residential
Sub-Industry
N/A
Current Symbol
TSE:MRG.UN
CIK
N/A
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

Net Income
C$-24,630,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$322.88 million
Cash Flow
C$0.49 per share
Book Value
C$49.10 per share

Miscellaneous

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.














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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