Morguard North American Residential REIT Stock Price, News & Analysis (TSE:MRG)

C$14.70 0.00 (0.00 %)
(As of 12/18/2017 01:15 PM ET)
Previous CloseC$14.70
Today's RangeC$14.66 - C$14.80
52-Week RangeC$13.25 - C$16.21
Volume9,323 shs
Average Volume30,714 shs
Market CapitalizationC$495.18 million
P/E RatioN/A
Dividend Yield4.49%
Beta0.38

About Morguard North American Residential REIT (TSE:MRG)

Morguard 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.

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Industry, Sector and Symbol

Industry N/A
Sub-IndustryN/A
SectorN/A
SymbolTSE:MRG
CUSIPN/A
Phone+1-905-2815923

Debt

Debt-to-Equity RatioN/A
Current RatioN/A
Quick RatioN/A

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E RatioN/A
P/E GrowthN/A

Sales & Book Value

Annual SalesN/A
Price / SalesN/A
Cash FlowN/A
Price / CashN/A
Book ValueN/A
Price / BookN/A

Profitability

Trailing EPSC$1.72
Net IncomeN/A
Net Margins13.92%
Return on Equity4.13%
Return on Assets1.29%

Miscellaneous

EmployeesN/A
Outstanding Shares33,680,000

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

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 Wednesday, November 15th. Investors of record on Thursday, November 30th will be paid a dividend of 0.055 per share on Friday, December 15th. This represents a $0.66 annualized dividend and a yield of 4.49%. The ex-dividend date is Wednesday, November 29th. This is a boost from Morguard North American Residential REIT's previous monthly dividend of $0.05. 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 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.01. The company earned $43.09 million during the quarter. Morguard North American Residential REIT had a return on equity of 4.13% and a net margin of 13.92%. 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, February, 13th 2018. 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 (Age 64)
  • 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.

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

One share of Morguard North American Residential REIT stock can currently be purchased for approximately C$14.70.

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

Morguard North American Residential REIT has a market capitalization of C$495.18 million.

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.


MarketBeat Community Rating for Morguard North American Residential REIT (MRG)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  33 (Vote Outperform)
Underperform Votes:  25 (Vote Underperform)
Total Votes:  58
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

Morguard North American Residential REIT (TSE:MRG) Analysts' Consensus Rating

  (How are Consensus Ratings Calculated?)
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: N/AN/AN/ABuy
Consensus Rating Score: N/AN/AN/A3.00
Ratings Breakdown: 0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: N/AN/AN/AN/A
Price Target Upside: N/AN/AN/AN/A

Morguard North American Residential REIT (TSE:MRG) Consensus Price Target History

Price Target History for Morguard North American Residential REIT (TSE:MRG)

Morguard North American Residential REIT (TSE:MRG) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetDetails
2/25/2016Dundee SecuritiesUpgradeNeutral -> BuyView Rating Details
(Data available from 12/18/2015 forward)

Earnings

Morguard North American Residential REIT (TSE:MRG) Earnings History and Estimates Chart

Earnings by Quarter for Morguard North American Residential REIT (TSE:MRG)

Morguard North American Residential REIT (TSE MRG) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
2/13/2018        
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

Morguard North American Residential REIT (TSE:MRG) Earnings Estimates

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

Morguard North American Residential REIT (TSE:MRG) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
11/15/2017Monthly$0.0611/29/201711/30/201712/15/2017
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

Morguard North American Residential REIT (TSE MRG) News Headlines

Source:
DateHeadline
Morguard North American Residential REIT Announces Normal Course Issuer BidMorguard North American Residential REIT Announces Normal Course Issuer Bid
www.bizjournals.com - December 16 at 9:06 AM
Morguard North American Residential REIT (MRG) Announces Monthly Dividend of $0.06Morguard North American Residential REIT (MRG) Announces Monthly Dividend of $0.06
www.americanbankingnews.com - November 24 at 10:32 AM
Wednedays small-cap stocks to watchWedneday's small-cap stocks to watch
www.theglobeandmail.com - November 1 at 6:26 AM
Wednedays small-cap stocks to watchWedneday's small-cap stocks to watch
www.theglobeandmail.com - November 1 at 6:26 AM
BRIEF-Morguard North American Residential REIT reports qtrly basic FFO of $0.29 per unitBRIEF-Morguard North American Residential REIT reports qtrly basic FFO of $0.29 per unit
www.reuters.com - November 1 at 6:26 AM
BRIEF-Morguard North American Residential REIT reports qtrly basic FFO of $0.29 per unitBRIEF-Morguard North American Residential REIT reports qtrly basic FFO of $0.29 per unit
www.reuters.com - November 1 at 6:26 AM
Morguard North American Residential REIT Announces 2017 Third Quarter Results and an Increase to Monthly Cash DistributionsMorguard North American Residential REIT Announces 2017 Third Quarter Results and an Increase to Monthly Cash Distributions
www.bizjournals.com - November 1 at 6:26 AM
Morguard North American Residential REIT Announces 2017 Third Quarter Results and an Increase to Monthly Cash DistributionsMorguard North American Residential REIT Announces 2017 Third Quarter Results and an Increase to Monthly Cash Distributions
www.bizjournals.com - November 1 at 6:26 AM
Morguard North American Residential REIT (MRG) to Issue $0.05 Monthly DividendMorguard North American Residential REIT (MRG) to Issue $0.05 Monthly Dividend
www.americanbankingnews.com - September 23 at 2:54 PM
Morguard North American Residential REIT (MRG) Declares Monthly Dividend of $0.05Morguard North American Residential REIT (MRG) Declares Monthly Dividend of $0.05
www.americanbankingnews.com - August 17 at 9:42 AM
BRIEF-Morguard North American Residential Reit basic FFO of $0.32 per unitBRIEF-Morguard North American Residential Reit basic FFO of $0.32 per unit
www.reuters.com - August 2 at 6:02 AM
Morguard North American Residential REIT Announces 2017 Second Quarter ResultsMorguard North American Residential REIT Announces 2017 Second Quarter Results
www.bizjournals.com - August 2 at 6:02 AM
Morguard North American Residential REIT (MRG) Announces $0.05 Monthly DividendMorguard North American Residential REIT (MRG) Announces $0.05 Monthly Dividend
www.americanbankingnews.com - July 22 at 12:57 PM
2 Residential REITs With Yields Over 4% - Baystreet.ca2 Residential REITs With Yields Over 4% - Baystreet.ca
www.baystreet.ca - June 21 at 12:43 AM
Morguard North American Residential REIT Declares April 2017 Distribution of $0.05333 per UnitMorguard North American Residential REIT Declares April 2017 Distribution of $0.05333 per Unit
www.marketwatch.com - April 13 at 6:22 PM
2 Great Dividend Stocks Yielding Over 4% - The Motley Fool Canada2 Great Dividend Stocks Yielding Over 4% - The Motley Fool Canada
www.fool.ca - February 24 at 4:01 PM
Morguard - An Attractive Real Estate Asset ManagerMorguard - An Attractive Real Estate Asset Manager
seekingalpha.com - December 10 at 6:03 PM

SEC Filings

Morguard North American Residential REIT (TSE:MRG) SEC Filings

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Social Media

Financials

Financials are not available for this stock.

Chart

Morguard North American Residential REIT (TSE MRG) Stock Chart for Monday, December, 18, 2017

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This page was last updated on 12/18/2017 by MarketBeat.com Staff

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