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General Mills Retreats To Buy Zone Ahead Of Earnings 
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DOW   32,244.58
QQQ   305.97
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Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
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DOW   32,244.58
QQQ   305.97
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Which Gold Stocks Can Help You Hedge Bank Exposure?
General Mills Retreats To Buy Zone Ahead Of Earnings 
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)
Add
Compare
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


MRG.UN stock logo

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

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.
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.
ARR.PC ARMOUR Residential REIT, Inc. 7% SER C CUM PFD
Housing and Rate Hikes: 2 REITs to Keep an Eye on
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 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

Net Income
C$219.28 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$282.31 million
Cash Flow
C$0.64 per share
Book Value
C$44.83 per share

Miscellaneous

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.













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