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TSE:MRG.UNMorguard North American Residential REIT Stock Price, Forecast & News

C$14.49
+0.04 (+0.28 %)
(As of 05/28/2020 03:14 PM ET)
Add
Compare
Today's Range
C$14.44
Now: C$14.49
C$14.72
50-Day Range
C$12.57
MA: C$13.87
C$14.94
52-Week Range
C$10.73
Now: C$14.49
C$20.98
Volume10,687 shs
Average Volume34,809 shs
Market CapitalizationC$564.94 million
P/E Ratio3.33
Dividend Yield5.26%
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.
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Morguard North American Residential REIT logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.4Community Rank: 2.4Dividend Strength: 2.5Insider Behavior: 0.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.03 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual SalesC$246.72 million
Cash FlowC$0.57 per share
Book ValueC$33.11 per share

Profitability

Miscellaneous

EmployeesN/A
Market CapC$564.94 million
Next Earnings DateN/A
OptionableNot Optionable

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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 COVID-19 (Coronavirus)?

Morguard North American Residential REIT's stock was trading at C$17.52 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, MRG.UN shares have decreased by 17.3% and is now trading at C$14.49. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Morguard North American Residential REIT?

4 Wall Street 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 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Morguard North American Residential REIT.

What price target have analysts set for MRG.UN?

4 analysts have issued 1 year price objectives for Morguard North American Residential REIT's stock. Their forecasts range from C$18.00 to C$23.00. On average, they anticipate Morguard North American Residential REIT's share price to reach C$20.70 in the next twelve months. This suggests a possible upside of 42.9% from the stock's current price. View analysts' price targets for Morguard North American Residential REIT.

Has Morguard North American Residential REIT been receiving favorable news coverage?

Media stories about MRG.UN stock have trended very negative on Thursday, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Morguard North American Residential REIT earned a coverage optimism score of -3.8 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutMorguard North American Residential REIT.

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 online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade, and Charles Schwab.

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

One share of MRG.UN stock can currently be purchased for approximately C$14.49.

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

Morguard North American Residential REIT has a market capitalization of C$564.94 million and generates C$246.72 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 5/28/2020 by MarketBeat.com Staff

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