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S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
3 Value Stocks Too Small For Buffett’s Portfolio
7 Stocks That Will Drive the Weight Loss Drugs Market
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
TSE:MRG.UN

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

C$15.95
+0.03 (+0.19%)
(As of 03/28/2024 ET)
Today's Range
C$15.87
C$16.01
50-Day Range
C$14.56
C$16.35
52-Week Range
C$13.08
C$17.72
Volume
23,392 shs
Average Volume
23,356 shs
Market Capitalization
C$601.95 million
P/E Ratio
3.42
Dividend Yield
4.64%
Price Target
C$21.50

Morguard North American Residential REIT MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
34.8% Upside
C$21.50 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$813,999 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.

4.17 out of 5 stars

MRG.UN stock logo

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

MRG.UN Stock News Headlines

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See More Headlines
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Industry, Sector and Symbol

Industry
REIT - Residential
Sub-Industry
N/A
Current Symbol
TSE:MRG.UN
CIK
N/A
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
+34.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
2 Analysts

Profitability

Net Income
C$176.34 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$336.76 million
Cash Flow
C$0.59 per share
Book Value
C$49.10 per share

Miscellaneous

Free Float
N/A
Market Cap
C$601.95 million
Optionable
Not Optionable
Beta
1.17
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MRG.UN Stock Analysis - Frequently Asked Questions

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

2 Wall Street research 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 research 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 equities research analysts have issued twelve-month target prices for Morguard North American Residential REIT's stock. 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 year. This suggests a possible upside of 34.8% 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 start of the year. Since then, MRG.UN shares have increased by 8.0% and is now trading at C$15.95.
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 4.77%. 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 3/28/2024 by MarketBeat.com Staff

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