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.

MarketRank^™

Overall MarketRank^™

1.81 out of 5 stars

2.3 Analyst's Opinion

Consensus Rating
Morguard North American Residential REIT has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$19.33, Morguard North American Residential REIT has a forecasted upside of 21.7% from its current price of C$15.89.
Amount of Analyst Coverage
Morguard North American Residential REIT has only been the subject of 1 research reports in the past 90 days.

2.4 Community Rank

Outperform Votes
Morguard North American Residential REIT has received 158 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Morguard North American Residential REIT has received 170 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Morguard North American Residential REIT has received 51.83% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Morguard North American Residential REIT and other stocks. Vote “Outperform” if you believe MRG.UN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe MRG.UN will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Leadership
Morguard North American Residential REIT is a leading dividend payer. It pays a dividend yield of 4.40%, 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 13.44%. This payout ratio is at a healthy, sustainable level, below 75%.

0.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Morguard North American Residential REIT insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$141,267.00 in company stock.

1.9 Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Morguard North American Residential REIT is 3.06, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 24.55.
Price to Earnings Ratio vs. Sector
The P/E ratio of Morguard North American Residential REIT is 3.06, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 75.64.
Price to Book Value per Share Ratio
Morguard North American Residential REIT has a P/B Ratio of 0.48. 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

Industry, Sector and Symbol

Stock Exchange TSE

Industry REIT - Residential

Sub-IndustryN/A

SectorReal Estate

Current SymbolTSE:MRG.UN

Previous Symbol

CUSIPN/A

CIKN/A

Webwww.morguard.com

Phone+1-905-2815923

EmployeesN/A

Debt

Debt-to-Equity Ratio114.43

Current Ratio0.37

Quick Ratio0.24

Price-To-Earnings

Trailing P/E Ratio3.06

Forward P/E Ratio6.80

P/E GrowthN/A

Sales & Book Value

Annual SalesC$245.67 million

Price / Sales2.52

Cash FlowC$0.90 per share

Price / Cash Flow17.72

Book ValueC$33.39 per share

Price / Book0.48

Profitability

EPS (Most Recent Fiscal Year)N/A

Net IncomeN/A

Net MarginsN/A

Return on EquityN/A

Return on AssetsN/A

Miscellaneous

Outstanding Shares39,009,000

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?

Some companies that are related to Morguard North American Residential REIT include Interrent Real Estate Investment Trust (IIP.UN), Killam Apartment REIT (KMP.UN), Boardwalk REIT (BEI.UN), Pure Multi-Family REIT (RUF.UN), Minto Apartment Real Estate Invt Trust (MI.UN), Empiric Student Property plc (ESP.L) (ESP), Sigma Capital Group plc (SGM.L) (SGM), KCR Residential REIT plc (KCR.L) (KCR), CIVS SOCI / RED PREF (CSHC), First Real Estate Investment Trust of New Jersey (FREVS), Ingenia Communities Group (INA.AX) (INA), InterRent Real Estate Investment Trust (IBVA.F) (IBVA), Pure Multi-Family REIT (RUF.UN), Pure Multi-Family REIT (PMULF) and US Masters Residential Property Fund (URF.AX) (URF).
View all of MRG.UN's 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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