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Morguard North American Residential Real Estate Investment Trust - MRG.UN Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$20.50
  • Forecasted Upside: 24.24%
  • Number of Analysts: 1
  • Breakdown:
  • 0 Sell Ratings
  • 0 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
C$16.50 As of 08/8/2024 06:27 PM ET
▼ -0.03 (-0.18%)

This chart shows the closing price for MRG.UN by one month, three months, or twelve months.

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Analyst Price Target for MRG.UN

Analyst Price Target is C$20.50
▲ +24.24% Upside Potential
This price target is based on 1 analysts offering 12 month price targets for Morguard North American Residential Real Estate Investment Trust in the last 3 months. The average price target is C$20.50, with a high forecast of C$22.00 and a low forecast of C$19.00. The average price target represents a 24.24% upside from the last price of C$16.50.

This chart shows the closing price for MRG.UN for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 1 contributing investment analysts is to buy stock in Morguard North American Residential Real Estate Investment Trust. This rating has held steady since October 2022, when it changed from a Moderate Buy consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/15/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/16/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/14/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
11/12/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
2/10/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
5/10/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
7/9/2024
  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
8/8/2024

Latest Recommendations

  • 0 strong buy ratings
  • 1 buy ratings
  • 0 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
5/2/2024Royal Bank of CanadaLower TargetOutperformC$20.00 ➝ C$19.00
4/24/2024TD SecuritiesLower TargetC$23.00 ➝ C$22.00
10/26/2023Royal Bank of CanadaLower TargetOutperform ➝ OutperformC$24.00 ➝ C$20.00
7/27/2023Royal Bank of CanadaBoost TargetOutperformC$23.00 ➝ C$24.00
7/5/2023TD SecuritiesLower TargetC$24.00 ➝ C$23.00
4/28/2023Royal Bank of CanadaLower TargetOutperformC$24.00 ➝ C$23.00
4/27/2023TD SecuritiesBoost TargetBuyC$23.00 ➝ C$24.00
2/17/2023LaurentianBoost TargetC$20.00 ➝ C$21.50
2/17/2023CIBCBoost TargetOutperformC$20.00 ➝ C$23.50
2/16/2023TD SecuritiesBoost TargetBuyC$22.00 ➝ C$23.00
2/16/2023Royal Bank of CanadaBoost TargetOutperformC$23.00 ➝ C$24.00
10/28/2022CIBCLower TargetC$21.00 ➝ C$20.50
10/27/2022TD SecuritiesBoost TargetBuyC$21.00 ➝ C$22.00
10/27/2022Royal Bank of CanadaLower TargetOutperformC$25.00 ➝ C$23.00
10/20/2022TD SecuritiesLower TargetBuyC$22.00 ➝ C$21.00
7/29/2022Royal Bank of CanadaBoost TargetOutperformC$22.00 ➝ C$25.00
7/28/2022TD SecuritiesBoost TargetBuyC$21.00 ➝ C$22.00
6/27/2022CIBCLower TargetC$23.00 ➝ C$21.75
4/29/2022Royal Bank of CanadaBoost TargetOutperformC$23.00 ➝ C$24.00
4/29/2022TD SecuritiesBoost TargetBuyC$23.00 ➝ C$24.00
2/18/2022CIBCBoost TargetOutperformC$22.00 ➝ C$23.00
2/17/2022TD SecuritiesBoost TargetBuyC$22.00 ➝ C$23.00
2/17/2022Royal Bank of CanadaBoost TargetOutperformC$22.00 ➝ C$23.00
1/31/2022Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$22.00
10/29/2021Laurentian Bank of CanadaBoost TargetNeutralC$21.00
10/29/2021Royal Bank of CanadaBoost TargetSector PerformC$21.00 ➝ C$22.00
10/29/2021TD SecuritiesBoost TargetBuyC$21.00 ➝ C$22.00
10/29/2021CIBCBoost TargetOutperformC$21.00 ➝ C$22.00
10/29/2021LaurentianBoost TargetC$20.00 ➝ C$21.00
10/1/2021TD SecuritiesLower TargetNAC$7.00 ➝ C$6.50
7/30/2021CIBCBoost TargetC$20.00 ➝ C$21.00
7/30/2021Royal Bank of CanadaBoost TargetSector PerformC$20.00 ➝ C$21.00
7/30/2021TD SecuritiesBoost TargetBuyC$19.50 ➝ C$21.00
6/28/2021TD SecuritiesBoost TargetBuyC$19.00 ➝ C$19.50
2/26/2021TD SecuritiesReiterated RatingBuyC$19.00
2/19/2021TD SecuritiesLower TargetBuyC$19.50 ➝ C$19.00
10/29/2020TD SecuritiesLower TargetBuyC$20.00 ➝ C$19.00
7/30/2020TD SecuritiesBoost TargetBuyC$19.00 ➝ C$20.00
7/30/2020Royal Bank of CanadaBoost TargetSector PerformC$18.00 ➝ C$20.00
5/4/2020CIBCLower TargetC$22.00 ➝ C$19.00
4/9/2020Royal Bank of CanadaLower TargetSector PerformC$22.00 ➝ C$18.00
2/13/2020Royal Bank of CanadaBoost TargetSector PerformC$21.00 ➝ C$22.00
2/13/2020TD SecuritiesBoost TargetBuyC$22.00 ➝ C$23.00
12/18/2019TD SecuritiesUpgradeHold ➝ BuyC$22.00
(Data available from 8/8/2019 forward)

News Sentiment Rating

1.55 (Strong Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
1/11/2024
  • 3 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
2/10/2024
  • 2 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/11/2024
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/10/2024
  • 11 very positive mentions
  • 2 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/10/2024
  • 12 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/9/2024
  • 10 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
7/9/2024
  • 7 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
8/8/2024

Current Sentiment

  • 7 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Morguard North American Residential Real Estate Investment Trust logo
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 More

Today's Range

Now: C$16.50
Low: C$16.42
High: C$16.62

50 Day Range

MA: C$15.89
Low: C$14.80
High: C$17.09

52 Week Range

Now: C$16.50
Low: C$13.08
High: C$17.16

Volume

29,219 shs

Average Volume

27,890 shs

Market Capitalization

C$620.57 million

P/E Ratio

3.59

Dividend Yield

4.81%

Beta

1.18

Frequently Asked Questions

What sell-side analysts currently cover shares of Morguard North American Residential Real Estate Investment Trust?

The following Wall Street analysts have issued stock ratings on Morguard North American Residential Real Estate Investment Trust in the last year: Royal Bank of Canada, and TD Securities.
View the latest analyst ratings for MRG.UN.

What is the current price target for Morguard North American Residential Real Estate Investment Trust?

2 Wall Street analysts have set twelve-month price targets for Morguard North American Residential Real Estate Investment Trust in the last year. Their average twelve-month price target is C$20.50, suggesting a possible upside of 24.0%. TD Securities has the highest price target set, predicting MRG.UN will reach C$22.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of C$19.00 for Morguard North American Residential Real Estate Investment Trust in the next year.
View the latest price targets for MRG.UN.

What is the current consensus analyst rating for Morguard North American Residential Real Estate Investment Trust?

Morguard North American Residential Real Estate Investment Trust currently has 1 buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe MRG.UN will outperform the market and that investors should add to their positions of Morguard North American Residential Real Estate Investment Trust.
View the latest ratings for MRG.UN.

What other companies compete with Morguard North American Residential Real Estate Investment Trust?

Other companies that are similar to Morguard North American Residential Real Estate Investment Trust include Northview Apartment REIT, Killam Apartment REIT, InterRent Real Estate Investment Trust, Pure Multi-Family REIT and Minto Apartment Real Estate Invt Trust. Learn More about companies similar to Morguard North American Residential Real Estate Investment Trust.

How do I contact Morguard North American Residential Real Estate Investment Trust's investor relations team?

Morguard North American Residential Real Estate Investment Trust's physical mailing address is 1000-55 City Centre Dr, MISSISSAUGA, ON L5B 1M3, Canada. The company's listed phone number is +1-905-2815923. The official website for Morguard North American Residential Real Estate Investment Trust is www.morguard.com. Learn More about contacing Morguard North American Residential Real Estate Investment Trust investor relations.