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$18.17 to C$18.56
• 50-Day Range: C$17.75 to C$19.51
• 52-Week Range: C$13.08 to C$19.53
• Volume: 15,858 shs
• Average Volume: 28,460 shs
• Market Capitalization: C$684.30 million
• P/E Ratio: 4.87
• Dividend Yield: 4.02%
• Price Target: C$21.00
• Consensus Rating: Buy

Morguard North American Residential Real Estate Investment Trust Stock Analysis - MarketRank™

Morguard North American Residential Real Estate Investment Trust scored higher than 72% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Buy

Consensus Rating

Morguard North American Residential Real Estate Investment Trust 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 Real Estate Investment Trust has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Morguard North American Residential Real Estate Investment Trust is 4.87, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 115.61.

Price to Earnings Ratio vs. Sector

The P/E ratio of Morguard North American Residential Real Estate Investment Trust is 4.87, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 243.95.

Price to Book Value per Share Ratio

Morguard North American Residential Real Estate Investment Trust has a P/B Ratio of 0.35. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

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

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Morguard North American Residential Real Estate Investment Trust is a leading dividend payer. It pays a dividend yield of 3.91%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Morguard North American Residential Real Estate Investment Trust does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Morguard North American Residential Real Estate Investment Trust is 19.58%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

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

News and Social Media

• Score: 2.6 / 5
• News Sentiment: N/A

News Sentiment

Morguard North American Residential Real Estate Investment Trust has a news sentiment score of 1.76. 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 is a higher news sentiment than the 0.47 average news sentiment score of Real Estate companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Morguard North American Residential Real Estate Investment Trust this week, compared to 1 article on an average week.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Morguard North American Residential Real Estate Investment Trust insiders have bought more of their company's stock than they have sold. Specifically, they have bought C$67,200.00 in company stock and sold C$0.00 in company stock.

Percentage Held by Insiders

26.42% of the stock of Morguard North American Residential Real Estate Investment Trust is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.07% of the stock of Morguard North American Residential Real Estate Investment Trust is held by institutions.

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$14.77 at the start of the year. Since then, MRG.UN shares have increased by 24.7% and is now trading at C$18.42.
View the best growth stocks for 2024 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.
Compare Top Brokerages Here.

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: +14.0%
• 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: 4.87
• Forward P/E Ratio: 13.27
• 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: 1.98
• Cash Flow: C$0.68 per share
• Price / Cash Flow: 27.19
• Book Value: C$52.18 per share
• Price / Book: 0.35

Miscellaneous

• Outstanding Shares: 37,150,000
• Free Float: N/A
• Market Cap: C$684.30 million
• Optionable: Not Optionable
• Beta: 1.21