Should I buy or sell Morguard stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Morguard in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRC, but not buy additional shares or sell existing shares. View MRC analyst ratings or view top-rated stocks .

What is Morguard's stock price target for 2024?

1 analysts have issued 12 month price targets for Morguard's stock. Their MRC share price targets range from C$135.00 to C$135.00. On average, they predict the company's stock price to reach C$135.00 in the next year. This suggests a possible upside of 19.3% from the stock's current price. View analysts price targets for MRC or view top-rated stocks among Wall Street analysts .

How have MRC shares performed in 2024?

Morguard's stock was trading at C$105.98 at the start of the year. Since then, MRC shares have increased by 6.8% and is now trading at C$113.14. View the best growth stocks for 2024 here .

When is Morguard's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024. View our MRC earnings forecast .

How were Morguard's earnings last quarter?

Morguard Co. (TSE:MRC) issued its quarterly earnings data on Thursday, February, 22nd. The real estate investment trust reported $1.25 EPS for the quarter. The real estate investment trust had revenue of $312.86 million for the quarter. Morguard had a net margin of 5.97% and a trailing twelve-month return on equity of 1.33%.

How often does Morguard pay dividends? What is the dividend yield for Morguard?

Morguard announced a quarterly dividend on Thursday, February 22nd. Investors of record on Friday, March 15th will be paid a dividend of 0.15 per share on Thursday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, March 14th. Read our dividend analysis for MRC .

Is Morguard a good dividend stock?

Morguard (TSE:MRC) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 0.49%. The dividend payout ratio is 8.82%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for MRC .

What other stocks do shareholders of Morguard own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Morguard investors own include Allied Properties Real Estate Investment (AP.UN) , Artis Real Estate Investment Trust Unit (AX.UN) , Boardwalk REIT (BEI.UN) , Bank of Montreal (BMO) , Bank of Nova Scotia (BNS) , Canadian Apartment Properties REIT (CAR.UN) , Cominar REIT (CUF.UN) , Dream Office Real Estate Investment Trst (D.UN) , Dorel Industries (DII.B) and Ensign Energy Services (ESI) .

How do I buy shares of Morguard?

Shares of MRC 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:MRC

Morguard (MRC) Stock Price, News & Analysis

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Free MRC Stock Alerts

C$113.14

-0.75 (-0.66%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$110.51
▼
C$113.14
50-Day Range: C$109.90
▼
C$122.00
52-Week Range: C$100.05
▼
C$122.58

Volume: 378 shs
Average Volume: 1,896 shs
Market Capitalization: C$1.22 billion

P/E Ratio: 16.64
Dividend Yield: 0.53%
Price Target: C$135.00

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

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About Morguard Stock (TSE:MRC)

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors. It also acquires, develops, and manages a portfolio of assets comprising multi-suite residential, retail, office, industrial, and hotel properties. The company was formerly known as Acktion Corporation and changed its name to Morguard Corporation in June 2002. The company was incorporated in 2024 and is headquartered in Mississauga, Canada. Morguard Corporation operates as a subsidiary of Paros Enterprises Limited.

MRC Stock Price History

30 days | 90 days | 365 days | Advanced Chart

MRC Stock News Headlines

March 26, 2024 | finance.yahoo.com

Morguard Corporation Announces Appointment of Angela Sahi as President and Chief Operating Officer

March 22, 2024 | finance.yahoo.com

Morguard (TSE:MRC) investors are sitting on a loss of 38% if they invested five years ago

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

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March 17, 2024 | morningstar.com

Morguard Corp MRC

March 7, 2024 | finance.yahoo.com

Morguard Announces the Sale of 181 Queen Street in Ottawa

February 25, 2024 | ca.news.yahoo.com

Kayakers paddle in Death Valley after rains replenish lake in one of Earth's driest spots

February 24, 2024 | finance.yahoo.com

At CA$111, Is It Time To Put Morguard Corporation (TSE:MRC) On Your Watch List?

February 22, 2024 | msn.com

Morguard divests 14 hotels in Canada for $304.63m

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

February 22, 2024 | finance.yahoo.com

Morguard Corporation Announces 2023 Results and Regular Eligible Dividend

February 7, 2024 | wsj.com

Morguard Corp.

January 8, 2024 | msn.com

Morguard selling portfolio of 14 hotels across Canada for $410 million

January 8, 2024 | finance.yahoo.com

Morguard Announces Strategic Sale of Hotel Portfolio

December 4, 2023 | finance.yahoo.com

Morguard Celebrates Prestigious Win at the 2023 FRPO MAC Awards

November 28, 2023 | finance.yahoo.com

Canada's Multi-Suite Residential and Industrial Real Estate Poised for Continued Strength in 2024: Morguard

November 27, 2023 | finance.yahoo.com

Morguard Corporation (TSE:MRC) insiders have significant skin in the game with 63% ownership

November 14, 2023 | finance.yahoo.com

Canadian Commercial Real Estate Market Remains Steady in Q3 2023: Morguard

November 10, 2023 | morningstar.com

Mineral Commodities Ltd MRC

November 1, 2023 | finance.yahoo.com

Morguard Corporation Announces 2023 Third Quarter Results and Regular Eligible Dividend

October 26, 2023 | finance.yahoo.com

One Morguard Insider Raised Stake By 21% In Previous Year

October 14, 2023 | theglobeandmail.com

Morguard: Top 10 Undervalued Real Estate Industry Stocks (MRC)

October 5, 2023 | finance.yahoo.com

Morguard (TSE:MRC) shareholders have endured a 41% loss from investing in the stock five years ago

September 26, 2023 | finance.yahoo.com

Morguard Announces Completion of $175 Million Offering of 9.5% Series H Senior Unsecured Debentures

September 26, 2023 | finance.yahoo.com

Investors Remain Confident Amid U.S. Multi Suite Residential Sales Slowdown: Morguard

September 22, 2023 | finance.yahoo.com

Morguard Announces $175 Million Offering of 9.5% Series H Senior Unsecured Debentures

September 21, 2023 | wsj.com

MRC Allied Inc.

September 20, 2023 | finance.yahoo.com

Morguard Welcomes Ferragamo's Newest Canadian Boutique to The Colonnade in Bloor-Yorkville

See More Headlines

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Company Calendar

Last Earnings: 2/22/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/07/2024

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Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Real Estate
Industry: Real Estate - Diversified
Sub-Industry: N/A
Current Symbol: TSE:MRC
CUSIP: N/A
CIK: N/A
Web: www.morguard.com
Phone: +1-905-2813800
Fax: N/A
Employees: 2,600
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$135.00
High Stock Price Target: C$135.00
Low Stock Price Target: C$135.00
Potential Upside/Downside: +19.3%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$6.80
Trailing P/E Ratio: 16.64
Forward P/E Ratio: 4.78
P/E Growth: N/A
Net Income: C$74.18 million
Net Margins: 5.97%
Pretax Margin: N/A
Return on Equity: 1.33%
Return on Assets: 3.03%

Debt

Debt-to-Equity Ratio: 142.74
Current Ratio: 0.30
Quick Ratio: 0.13

Sales & Book Value

Annual Sales: C$1.24 billion
Price / Sales: 0.99
Cash Flow: C$13.96 per share
Price / Cash Flow: 8.10
Book Value: C$359.51 per share
Price / Book: 0.31

Miscellaneous

Outstanding Shares: 10,810,000
Free Float: N/A
Market Cap: C$1.22 billion
Optionable: Not Optionable
Beta: 1.16

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Key Executives

Mr. Kuldip Rai Sahi FCA (Age 77)
FCGA, FCPA, Chairman & CEO
Comp: $3.09M
Mr. Paul Miatello CA (Age 54)
CPA, Senior VP & CFO
Comp: $658.49k
Mr. John Talano
Senior Vice President of Morguard Management
Mr. David Wyatt
Senior Vice President of Retail Leasing & Operations - MIL
Ms. Beverley Gail Flynn L.L.B.
Senior VP, General Counsel & Secretary
Ms. Pamela J. McLean CA
CPA, Senior VP of Finance & CFO of Services MIL
Mr. Andrew Tamlin CA
CPA, Chief Financial Officer of MRT
Ms. Margaret Knowles
Senior Vice President of Development - Morguard Investments Limited
Brian Athey
Vice President of Development
Mr. George S. Schott
President & COO of Morguard Investments Ltd.

Key Competitors

View All Competitors

MRC Stock Analysis - Frequently Asked Questions

Should I buy or sell Morguard stock right now?: 1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Morguard in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MRC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRC, but not buy additional shares or sell existing shares.
View MRC analyst ratings or view top-rated stocks.
What is Morguard's stock price target for 2024?: 1 analysts have issued 12 month price targets for Morguard's stock. Their MRC share price targets range from C$135.00 to C$135.00. On average, they predict the company's stock price to reach C$135.00 in the next year. This suggests a possible upside of 19.3% from the stock's current price.
View analysts price targets for MRC or view top-rated stocks among Wall Street analysts.
How have MRC shares performed in 2024?: Morguard's stock was trading at C$105.98 at the start of the year. Since then, MRC shares have increased by 6.8% and is now trading at C$113.14.
View the best growth stocks for 2024 here.
When is Morguard's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 7th 2024.
View our MRC earnings forecast.
How were Morguard's earnings last quarter?: Morguard Co. (TSE:MRC) issued its quarterly earnings data on Thursday, February, 22nd. The real estate investment trust reported $1.25 EPS for the quarter. The real estate investment trust had revenue of $312.86 million for the quarter. Morguard had a net margin of 5.97% and a trailing twelve-month return on equity of 1.33%.

How often does Morguard pay dividends? What is the dividend yield for Morguard?: Morguard announced a quarterly dividend on Thursday, February 22nd. Investors of record on Friday, March 15th will be paid a dividend of 0.15 per share on Thursday, March 28th. This represents a $0.60 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Thursday, March 14th.
Read our dividend analysis for MRC.
Is Morguard a good dividend stock?: Morguard (TSE:MRC) pays an annual dividend of C$0.60 per share and currently has a dividend yield of 0.49%. The dividend payout ratio is 8.82%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MRC.
What other stocks do shareholders of Morguard own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Morguard investors own include Allied Properties Real Estate Investment (AP.UN), Artis Real Estate Investment Trust Unit (AX.UN), Boardwalk REIT (BEI.UN), Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Canadian Apartment Properties REIT (CAR.UN), Cominar REIT (CUF.UN), Dream Office Real Estate Investment Trst (D.UN), Dorel Industries (DII.B) and Ensign Energy Services (ESI).
How do I buy shares of Morguard?: Shares of MRC 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:MRC) was last updated on 4/20/2024 by MarketBeat.com Staff

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