Should I buy or sell Morguard North American Residential REIT stock right now?

2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Morguard North American Residential REIT in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRG.UN shares. View MRG.UN analyst ratings or view top-rated stocks .

What is Morguard North American Residential REIT's stock price target for 2024?

2 brokerages have issued 12 month price objectives for Morguard North American Residential REIT's shares. Their MRG.UN share price targets range from C$20.00 to C$23.00. On average, they anticipate the company's share price to reach C$21.50 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price. View analysts price targets for MRG.UN or view top-rated stocks among Wall Street analysts .

How have MRG.UN shares performed in 2024?

Morguard North American Residential REIT's stock was trading at C$14.77 at the beginning of 2024. Since then, MRG.UN shares have increased by 5.6% and is now trading at C$15.59. View the best growth stocks for 2024 here .

Is Morguard North American Residential REIT a good dividend stock?

Morguard North American Residential REIT (TSE:MRG.UN) pays an annual dividend of C$0.74 per share and currently has a dividend yield of 4.76%. MRG.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 15.85%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MRG.UN .

How do I buy shares of Morguard North American Residential REIT?

Shares of MRG.UN stock 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. Compare Top Brokerages Here .

TSE:MRG.UN

Morguard North American Residential REIT (MRG.UN) Stock Price, News & Analysis

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C$15.59

+0.22 (+1.43%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$15.34
▼
C$15.70
50-Day Range: C$14.56
▼
C$16.35
52-Week Range: C$13.08
▼
C$17.72

Volume: 20,887 shs
Average Volume: 22,289 shs
Market Capitalization: C$588.37 million

P/E Ratio: 3.34
Dividend Yield: 4.75%
Price Target: C$21.50

Stock Analysis Analyst Forecasts Chart Competitors Headlines Insider Trades

Get Morguard North American Residential REIT alerts:

Morguard North American Residential REIT MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 37.9% Upside
C$21.50 Price Target
Short Interest: N/A
Dividend Strength: Moderate
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.59
Based on 3 Articles This Week
Insider Trading: Acquiring Shares
C$824,989 Bought Last Quarter
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.84 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Morguard North American Residential REIT has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 2 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Morguard North American Residential REIT has received no research coverage in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for MRG.UN.

2.5

Dividend Strength

Dividend Leadership
Morguard North American Residential REIT is a leading dividend payer. It pays a dividend yield of 4.76%, 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 15.85%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MRG.UN.

2.0

News and Social Media Coverage

News Sentiment
Morguard North American Residential REIT has a news sentiment score of 0.59. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Real Estate companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Morguard North American Residential REIT this week, compared to 0 articles on an average week.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Morguard North American Residential REIT insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$824,989.00 in company stock and sold C$0.00 in company stock.
Percentage Held by Insiders
25.53% of the stock of Morguard North American Residential REIT is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 6.56% of the stock of Morguard North American Residential REIT is held by institutions.

1.9

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Morguard North American Residential REIT is 3.34, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Morguard North American Residential REIT is 3.34, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 207.09.
Price to Book Value per Share Ratio
Morguard North American Residential REIT has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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About Morguard North American Residential REIT Stock (TSE:MRG.UN)

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.

MRG.UN Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MRG.UN Stock News Headlines

April 13, 2024 | americanbankingnews.com

Morguard North American Residential REIT (TSE:MRG.UN) Share Price Crosses Above 200-Day Moving Average of $14.86

February 13, 2024 | msn.com

Morguard North American Residential REIT reports FY results

April 19, 2024 | Weiss Ratings (Ad)

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January 16, 2024 | seekingalpha.com

Morguard North American Residential Real Estate Investment Trust declares CAD 0.0617 dividend

January 11, 2024 | ca.finance.yahoo.com

Morguard North American Residential REIT Announces Date of Fourth Quarter 2023 Conference Call

January 4, 2024 | theglobeandmail.com

Closing Bell: Morguard Na Residential REIT Units flat on Wednesday (MRG-UN)

December 29, 2023 | msn.com

Start Making Passive Income Immediately With This 5% Dividend Stock

December 15, 2023 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares December 2023 Distribution of $0.06167 per Unit

April 19, 2024 | Weiss Ratings (Ad)

The only accurate crypto trading system I know …

October 27, 2023 | msn.com

This 5% Dividend Stock Pays Cash Every Month!

August 30, 2023 | msn.com

3 Stocks You Can Confidently Invest $500 in Right Now

June 15, 2023 | finance.yahoo.com

Morguard North American Residential REIT Declares June 2023 Distribution of $0.06 per Unit

May 15, 2023 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares May 2023 Distribution of $0.06 per Unit

May 5, 2023 | finance.yahoo.com

Morguard North American Residential Real Estate Investment Trust Announces Voting Results from the 2023 Annual Meeting of Unitholders

April 27, 2023 | theglobeandmail.com

Closing Bell: Morguard Na Residential REIT Units up on Thursday (MRG-UN)

April 27, 2023 | msn.com

Morguard North American Residential REIT reports Q1 results

April 25, 2023 | finance.yahoo.com

Morguard North American Residential REIT Announces 2023 First Quarter Results

April 19, 2023 | theglobeandmail.com

Closing Bell: Morguard Na Residential REIT Units down on Tuesday (MRG-UN)

April 15, 2023 | theglobeandmail.com

Closing Bell: Morguard Na Residential REIT Units up on Friday (MRG-UN)

April 14, 2023 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares April 2023 Distribution of $0.06 per Unit

March 29, 2023 | finance.yahoo.com

Morguard North American Residential REIT Completes Acquisition of a Class A Multi-Suite Residential High-Rise in Downtown Chicago

March 9, 2023 | ca.finance.yahoo.com

MORGUARD NORTH AMERICAN RESIDENTIAL REIT ANNOUNCES COMPLETION OF ITS PREVIOUSLY ANNOUNCED PUBLIC OFFERING OF $50 MILLION OF CONVERTIBLE DEBENTURES

February 14, 2023 | finance.yahoo.com

Morguard North American Residential REIT Announces 2022 Results

February 7, 2023 | fool.ca

2 Top Residential REITs to Buy in February 2023

January 9, 2023 | theglobeandmail.com

Monday’s Insider Report: Trustee invests over $350,000 in this REIT with a nearly 30% upside forecast

January 1, 2023 | msn.com

How to Invest in Real Estate in 2023 (Even if Rates Keep Climbing)

December 15, 2022 | ca.finance.yahoo.com

Morguard North American Residential REIT Declares December 2022 Distribution of $0.06 per Unit

See More Headlines

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: REIT - Residential
Sub-Industry: N/A
Current Symbol: TSE:MRG.UN
CUSIP: N/A
CIK: N/A
Web: www.morguard.com
Phone: +1-905-2815923
Fax: N/A
Employees: N/A
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$21.50
High Stock Price Target: C$23.00
Low Stock Price Target: C$20.00
Potential Upside/Downside: +37.9%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 2 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$4.67
Trailing P/E Ratio: 3.34
Forward P/E Ratio: 25.37
P/E Growth: N/A
Net Income: C$176.34 million
Net Margins: 52.36%
Pretax Margin: N/A
Return on Equity: 9.71%
Return on Assets: 2.54%

Debt

Debt-to-Equity Ratio: 92.78
Current Ratio: 0.19
Quick Ratio: 0.09

Sales & Book Value

Annual Sales: C$336.76 million
Price / Sales: 1.75
Cash Flow: C$0.57 per share
Price / Cash Flow: 27.19
Book Value: C$49.10 per share
Price / Book: 0.32

Miscellaneous

Outstanding Shares: 37,740,000
Free Float: N/A
Market Cap: C$588.37 million
Optionable: Not Optionable
Beta: 1.18

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Key Executives

Mr. Kuldip Rai Sahi FCPA (Age 72)
FCGA, FCA, Chairman & CEO
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.

Key Competitors

View All Competitors

Insiders

View All Insider Transactions

MRG.UN Stock Analysis - Frequently Asked Questions

Should I buy or sell Morguard North American Residential REIT stock right now?: 2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Morguard North American Residential REIT in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" MRG.UN shares.
View MRG.UN analyst ratings or view top-rated stocks.
What is Morguard North American Residential REIT's stock price target for 2024?: 2 brokerages have issued 12 month price objectives for Morguard North American Residential REIT's shares. Their MRG.UN share price targets range from C$20.00 to C$23.00. On average, they anticipate the company's share price to reach C$21.50 in the next twelve months. This suggests a possible upside of 37.9% from the stock's current price.
View analysts price targets for MRG.UN or view top-rated stocks among Wall Street analysts.
How have MRG.UN shares performed in 2024?: Morguard North American Residential REIT's stock was trading at C$14.77 at the beginning of 2024. Since then, MRG.UN shares have increased by 5.6% and is now trading at C$15.59.
View the best growth stocks for 2024 here.

Is Morguard North American Residential REIT a good dividend stock?: Morguard North American Residential REIT (TSE:MRG.UN) pays an annual dividend of C$0.74 per share and currently has a dividend yield of 4.76%. MRG.UN has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 15.85%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MRG.UN.
How do I buy shares of Morguard North American Residential REIT?: Shares of MRG.UN stock 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.
Compare Top Brokerages Here.

This page (TSE:MRG.UN) was last updated on 4/19/2024 by MarketBeat.com Staff

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Morguard North American Residential REIT (MRG.UN) Stock Price, News & Analysis

Morguard North American Residential REIT MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Company Ownership

Earnings and Valuation

About Morguard North American Residential REIT Stock (TSE:MRG.UN)

MRG.UN Stock Price History

MRG.UN Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

MRG.UN Stock Analysis - Frequently Asked Questions

Overall MarketRank^™