Analyst Price Target is $15.25
▲ +9.87% Upside Potential
This price target is based on 2 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 $15.25, with a high forecast of $0.00 and a low forecast of $0.00. The average price target represents a 9.87% upside from the last price of $13.88.
Current Consensus is
The current consensus among 2 polled investment analysts is to buy stock in Morguard North American Residential Real Estate Investment Trust. This rating has held steady since January 2021, when it changed from a Hold consensus rating.
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 13,275 residential suites (as of October 27, 2020) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $3.1 billion at September 30, 2020.