Morguard North American Residential REIT Company Profile (TSE:MRG)

About Morguard North American Residential REIT (TSE:MRG)

Morguard North American Residential REIT logoMorguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust's investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT's assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures. The Trust owns multi-suite residential rental properties in Canada and the United States. The Trust owns interest in a portfolio of over 10 Canadian residential apartment buildings and approximately 30 residential walk-up garden communities in the United States, consisting of over 13,470 residential suites that are located in Alberta, Ontario, Colorado, Texas, Louisiana, Alabama, Georgia, Florida and North Carolina.

Industry, Sector and Symbol:
  • Sector: N/A
  • Industry: N/A
  • Sub-Industry: N/A
  • Symbol: TSE:MRG
  • CUSIP: N/A
  • Web: www.morguard.com/
P/E:
  • Trailing P/E Ratio: N/A
  • P/E Growth: N/A
Profitability:
  • Net Margins: 107.54%
  • Return on Equity: 32.93%
  • Return on Assets: 10.62%
 

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

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."

How often does Morguard North American Residential REIT pay dividends? What is the dividend yield for Morguard North American Residential REIT?

Morguard North American Residential REIT announced a monthly dividend on Friday, September 15th. Shareholders of record on Friday, September 29th will be given a dividend of 0.053 per share on Friday, October 13th. This represents a $0.64 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Thursday, September 28th. View Morguard North American Residential REIT's Dividend History.

How were Morguard North American Residential REIT's earnings last quarter?

Morguard North American Residential REIT (TSE:MRG) announced its quarterly earnings data on Wednesday, August, 6th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.23 by $0.01. The firm earned $43.09 million during the quarter. Morguard North American Residential REIT had a net margin of 107.54% and a return on equity of 32.93%. View Morguard North American Residential REIT's Earnings History.

When will Morguard North American Residential REIT make its next earnings announcement?

Morguard North American Residential REIT is scheduled to release their next quarterly earnings announcement on Tuesday, November, 7th 2017. View Earnings Estimates for Morguard 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 folowing people:

  • Kuldip Rai Sahi, Chairman of the Board of Trustees, Chief Executive Officer
  • Robert D. Wright, Chief Financial Officer
  • Brian Athey, Vice President - Operations, Canada
  • John Talano, Vice President - Operations, U.S.
  • Paul Miatello, Vice President
  • Beverley G. Flynn, General Counsel, Secretary
  • Avtar T. Bains, Lead Independent Trustee
  • Dino Chiesa, Independent Trustee
  • Mel Leiderman CPA, Independent Trustee
  • Frank M. Munsters, Independent Trustee

How do I buy Morguard North American Residential REIT stock?

Shares of Morguard North American Residential REIT 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.


MarketBeat Community Rating for Morguard North American Residential REIT (TSE MRG)
Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  30 (Vote Outperform)
Underperform Votes:  24 (Vote Underperform)
Total Votes:  54
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Consensus Ratings for Morguard North American Residential REIT (TSE:MRG) (How are Consensus Ratings Calculated?)
Ratings Breakdown: No ratings tracked in the last 12 months.
Consensus Rating:N/A (Score: NaN)
Consensus Price Target: N/A
Consensus Price Target History for Morguard North American Residential REIT (TSE:MRG)
Price Target History for Morguard North American Residential REIT (TSE:MRG)
Analysts' Ratings History for Morguard North American Residential REIT (TSE:MRG)
Show:
DateFirmActionRatingPrice TargetDetails
2/25/2016Dundee SecuritiesUpgradeNeutral -> BuyView Rating Details
(Data available from 10/24/2015 forward)

Earnings

Earnings History for Morguard North American Residential REIT (TSE:MRG)
Earnings by Quarter for Morguard North American Residential REIT (TSE:MRG)
Earnings History by Quarter for Morguard North American Residential REIT (TSE MRG)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/7/2017        
8/6/2014C$0.23C$0.24C$43.09 millionViewN/AView Earnings Details
5/7/2014C$0.22C$0.23C$42.76 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Morguard North American Residential REIT (TSE:MRG)
2017 EPS Consensus Estimate: $1.22
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20171$0.31$0.31$0.31
Q2 20171$0.29$0.29$0.29
Q3 20171$0.31$0.31$0.31
Q4 20171$0.31$0.31$0.31
(Data provided by Zacks Investment Research)

Dividends

Dividend History by Quarter for Morguard North American Residential REIT (TSE MRG)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
9/15/2017Monthly$0.059/28/20179/29/201710/13/2017
8/16/2017Monthly$0.058/29/20178/31/20179/15/2017
7/17/2017Monthly$0.057/27/20177/31/20178/15/2017
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Morguard North American Residential REIT (TSE:MRG)
No insider trades for this company have been tracked by MarketBeat.com

Headlines

Headline Trends for Morguard North American Residential REIT (TSE:MRG)
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Chart

Morguard North American Residential REIT (MRG) Chart for Tuesday, October, 24, 2017

This page was last updated on 10/24/2017 by MarketBeat.com Staff

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