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S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
S&P 500   3,768.25
DOW   30,814.26
QQQ   311.86
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TSE:MRG.UN

Morguard North American Residential REIT Stock Forecast, Price & News

C$15.89
-0.01 (-0.06 %)
(As of 01/18/2021 01:37 PM ET)
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Today's Range
C$15.87
Now: C$15.89
C$16.05
50-Day Range
C$15.53
MA: C$15.93
C$16.37
52-Week Range
C$10.73
Now: C$15.89
C$20.98
Volume27,522 shs
Average Volume40,013 shs
Market CapitalizationC$619.85 million
P/E Ratio3.06
Dividend Yield4.40%
BetaN/A
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.
Morguard North American Residential REIT logo

MarketRank

Overall MarketRank

1.81 out of 5 stars

Analyst Opinion: 2.3Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Industry, Sector and Symbol

Industry REIT - Residential
Sub-IndustryN/A
Current SymbolTSE:MRG.UN
CUSIPN/A
CIKN/A
Phone+1-905-2815923
EmployeesN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$245.67 million
Cash FlowC$0.90 per share
Book ValueC$33.39 per share

Profitability

Miscellaneous

Market CapC$619.85 million
Next Earnings DateN/A
OptionableNot Optionable
C$15.89
-0.01 (-0.06 %)
(As of 01/18/2021 01:37 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Morguard North American Residential REIT (TSE:MRG.UN) Frequently Asked Questions

How has Morguard North American Residential REIT's stock been impacted by Coronavirus?

Morguard North American Residential REIT's stock was trading at C$17.52 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, MRG.UN stock has decreased by 9.3% and is now trading at C$15.89.
View which stocks have been most impacted by COVID-19
.

Is Morguard North American Residential REIT a buy right now?

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Morguard North American Residential REIT in the last year. There are currently 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Morguard North American Residential REIT stock.
View analyst ratings for Morguard North American Residential REIT
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Morguard North American Residential REIT?

Wall Street analysts have given Morguard North American Residential REIT a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Morguard North American Residential REIT wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Is Morguard North American Residential REIT a good dividend stock?

Morguard North American Residential REIT pays an annual dividend of C$0.70 per share and currently has a dividend yield of 4.40%. MRG.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio of Morguard North American Residential REIT is 13.44%. This payout ratio is at a healthy, sustainable level, below 75%.
View Morguard North American Residential REIT's dividend history.

What price target have analysts set for MRG.UN?

2 Wall Street analysts have issued 1 year target prices for Morguard North American Residential REIT's shares. Their forecasts range from C$19.00 to C$20.00. On average, they expect Morguard North American Residential REIT's stock price to reach C$19.33 in the next year. This suggests a possible upside of 21.7% from the stock's current price.
View analysts' price targets for Morguard North American Residential REIT
or view Wall Street analyst' top-rated stocks.

Who are some of Morguard North American Residential REIT's key competitors?

Who are Morguard North American Residential REIT's key executives?

Morguard North American Residential REIT's management team includes the following people:
  • Mr. Kuldip Rai Sahi FCPA, FCGA, FCA, Chairman & CEO (Age 72)
  • 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.

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 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.

What is Morguard North American Residential REIT's stock price today?

One share of MRG.UN stock can currently be purchased for approximately C$15.89.

How big of a company is Morguard North American Residential REIT?

Morguard North American Residential REIT has a market capitalization of C$619.85 million and generates C$245.67 million in revenue each year.

What is Morguard North American Residential REIT's official website?

The official website for Morguard North American Residential REIT is www.morguard.com.

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 company can be reached via phone at +1-905-2815923.

This page was last updated on 1/18/2021 by MarketBeat.com Staff

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