Morguard North American Residential Real Estate Investment Trust (MRG-UN:CA) Stock Forecast
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CAD 21.50
(+39.88%)
Based on the Morguard North American Residential Real Estate Investment Trust stock forecast from 2 analysts, the average analyst target price for Morguard North American Residential Real Estate Investment Trust is CAD 21.50 over the next 12 months. Morguard North American Residential Real Estate Investment Trust’s average analyst rating is Strong Buy. Stock Target Advisor’s own stock analysis of Morguard North American Residential Real Estate Investment Trust is Slightly Bullish , which is based on 6 positive signals and 5 negative signals. At the last closing, Morguard North American Residential Real Estate Investment Trust’s stock price was CAD 15.37. Morguard North American Residential Real Estate Investment Trust’s stock price has changed by -2.41% over the past week, -3.21% over the past month and -10.74% over the last year.
No recent analyst target price found for Morguard North American Residential Real Estate Investment Trust
No recent average analyst rating found for Morguard North American Residential Real Estate Investment Trust
Company Overview Morguard North American Residential Real Estate Investment Trust
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. Read Less
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 hig...Read More
Frequently Asked Questions About Morguard North American Residential Real Estate Investment Trust (MRG-UN:CA) Stock
Based on ratings from 2 analysts Morguard North American Residential Real Estate Investment Trust's stock is Strong Buy. Stock Target Advisor's fundamental analysis is Slightly Bullish . The stock has 2 buy, sell and hold ratings.
MRG-UN:CA stock's dividend yield is 4.62%.
Our analysis grades MRG-UN:CA stock's dividend yield at C. This means that MRG-UN:CA stock's dividend yield is above 73% of the stocks in the REIT - Residential sector in the TSX exchange.
Based on this MRG-UN:CA may be a average dividend stock for its sector.
Based on targets from 2 analysts, the average taret price for MRG-UN:CA is CAD 21.50 over the next 12 months. The maximum analyst target price is CAD 23 while the minimum anlayst target price is CAD 20.
MRG-UN:CA stock's Price/Earning ratio is 3.43.
Our analysis grades MRG-UN:CA stock's Price / Earning ratio at C-. This means that MRG-UN:CA stock's Price/Earning ratio is above 30% of the stocks in the REIT - Residential sector in the TSX exchange.
Based on this MRG-UN:CA may be undervalued for its sector.
The last closing price of MRG-UN:CA's stock was CAD 15.37.
The most recent market capitalization for MRG-UN:CA is CAD 0.88B.
Based on targets from 2 analysts, the average taret price for MRG-UN:CA is projected at CAD 21.50 over the next 12 months.
This means that MRG-UN:CA's stock price may go up by +39.88% over the next 12 months.
We can't find any ETFs which contains Morguard North American Residential Real Estate Investment Trust's stock.
As per our most recent records Morguard North American Residential Real Estate Investment Trust has 0 Employees.
Morguard North American Residential Real Estate Investment Trust's registered address is 55 City Centre Drive, Mississauga, ON, Canada, L5B 1M3.
You can get more information about it from Morguard North American Residential Real Estate Investment Trust's website at https://www.morguard.com.
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Stock Target Advisor's Analysis
This is a composite scorecard based on the application of evaluation criteria deemed most important by analysts. This is not a buy or sell recommendation.
What to like
Low volatility
The stock’s annual returns have been stable and consistent compared to its sector peers(for a hold period of at least 12 months) and is in the top quartile. Although stability is good, also keep in mind it can limit returns.
Underpriced compared to book value
The stock is trading low compared to its peers on a price to book value basis and is in the top quartile. It may be underpriced but do check its financial performance to make sure there is no specific reason.
Positive cash flow
The company had positive total cash flow in the most recent four quarters.
Positive free cash flow
The company had positive total free cash flow in the most recent four quarters.
Superior Earnings Growth
This stock has shown top quartile earnings growth in the previous 5 years compared to its sector.
Superior Dividend Growth
This stock has shown top quartile dividend growth in the previous 5 years compared to its sector
What not to like
Below median dividend returns
The company’s average income yield over the past 5 years has been low compared to its peers. However, it is not a problem if you are not looking for income.
Poor risk adjusted returns
This company is delivering below median risk adjusted returns in its peers. Even if it is outperforming on returns , the returns are unpredictable. Proceed with caution.
Low Revenue Growth
This stock has shown below median revenue growth in the previous 5 years compared to its sector
Highly leveraged
The company is in the bottom half compared to its sector peers on debt to equity and is highly leveraged. However, do check the news and look at its sector and management statements. Sometimes this is high because the company is trying to grow aggressively.
Overpriced on free cash flow basis
The stock is trading high compared to its peers on a price to free cash flow basis. It is priced above the median for its sectors. Proceed with caution if you are considering to buy.
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