Morguard North American Residential Real Estate Investment Trust (MRG.UN) Stock Price, News & Analysis

Company Overview

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. The REIT's portfolio is comprised of 13,089 residential suites and 229,500 square feet of commercial area (as of October 24, 2023) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $4.0 billion at September 30, 2023.

Key Stats

• Today's Range: C$16.40 to C$16.78
• 50-Day Range: C$16.45 to C$17.88
• 52-Week Range: C$14.75 to C$19.53
• Volume: 38,885 shs
• Average Volume: 41,930 shs
• Market Capitalization: C$613.35 million
• P/E Ratio: 4.37
• Dividend Yield: 4.48%
• Price Target: C$21.00
• Consensus Rating: Buy

MRG.UN Stock Analysis - Frequently Asked Questions

How have MRG.UN shares performed this year?

Morguard North American Residential Real Estate Investment Trust's stock was trading at C$17.15 on January 1st, 2025. Since then, MRG.UN shares have decreased by 3.7% and is now trading at C$16.51.
View the best growth stocks for 2025 here.

How do I buy shares of Morguard North American Residential Real Estate Investment Trust?

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.

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$21.00
• High Stock Price Target: C$23.00
• Low Stock Price Target: C$19.00
• Potential Upside/Downside: +27.2%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 2 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$3.78
• Trailing P/E Ratio: 4.37
• Forward P/E Ratio: 11.90
• P/E Growth: N/A
• Net Income: C$139.66 million
• Net Margins: 40.48%
• Pretax Margin: N/A
• Return on Equity: 6.98%
• Return on Assets: 2.44%

Debt

• Debt-to-Equity Ratio: 95.54
• Current Ratio: 0.80
• Quick Ratio: 0.09

Sales & Book Value

• Annual Sales: C$344.99 million
• Price / Sales: 1.78
• Cash Flow: C$0.61 per share
• Price / Cash Flow: 27.19
• Book Value: C$52.18 per share
• Price / Book: 0.32

Miscellaneous

• Outstanding Shares: 37,150,000
• Free Float: N/A
• Market Cap: C$613.35 million
• Optionable: Not Optionable
• Beta: 1.21