TSE:MRG.UN - Morguard North American Residential REIT Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: C$19.50
  • Forecasted Upside: 16.91 %
  • Number of Analysts: 2
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 1 Buy Ratings
  • 0 Strong Buy Ratings
C$16.68
▼ -0.12 (-0.71%)
1 month | 3 months | 12 months
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Analyst Price Target for MRG.UN

Average Price Target: C$19.50
▲ +16.91% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Morguard North American Residential REIT in the last 3 months. The average price target is C$19.50, with a high forecast of C$20.00 and a low forecast of C$19.00. The average price target represents a 16.91% upside from the last price of C$16.68.

Buy

The current consensus among 2 investment analysts is to buy stock in Morguard North American Residential REIT. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/26/2019
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/25/2020
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/23/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
9/21/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/20/2020
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
3/20/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
5/19/2021
  • 0 strong buy ratings
  • 1 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/18/2021

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
2/26/2021TD SecuritiesReiterated RatingBuyC$19.00
2/19/2021TD SecuritiesLower Price TargetBuyC$19.50 ➝ C$19.00
10/29/2020TD SecuritiesLower Price TargetBuyC$20.00 ➝ C$19.00
7/30/2020TD SecuritiesBoost Price TargetBuyC$19.00 ➝ C$20.00
7/30/2020Royal Bank of CanadaBoost Price TargetSector PerformC$18.00 ➝ C$20.00
5/4/2020CIBCLower Price TargetC$22.00 ➝ C$19.00
4/9/2020Royal Bank of CanadaLower Price TargetSector PerformC$22.00 ➝ C$18.00
2/13/2020Royal Bank of CanadaBoost Price TargetSector PerformC$21.00 ➝ C$22.00
2/13/2020TD SecuritiesBoost Price TargetBuyC$22.00 ➝ C$23.00
12/18/2019TD SecuritiesUpgradeHold ➝ BuyC$22.00
8/2/2019CIBCBoost Price TargetBuyC$19.50 ➝ C$22.00
8/2/2019TD SecuritiesBoost Price TargetHoldC$20.00 ➝ C$21.00
8/2/2019LaurentianBoost Price TargetC$21.00 ➝ C$22.50
8/1/2019Royal Bank of CanadaBoost Price TargetSector PerformC$19.00 ➝ C$21.00
8/1/2019Echelon Wealth PartnersReiterated RatingBuyC$21.00
5/3/2019CIBCBoost Price TargetC$19.00 ➝ C$19.50
5/2/2019Royal Bank of CanadaBoost Price TargetHold ➝ Sector PerformC$18.00 ➝ C$19.00
2/19/2019LaurentianBoost Price TargetC$18.00 ➝ C$21.00
2/15/2019TD SecuritiesSet Price TargetC$19.00
1/7/2019TD SecuritiesDowngradeBuy ➝ Hold
11/2/2018TD SecuritiesBoost Price TargetC$18.00 ➝ C$18.50
11/2/2018CIBCBoost Price TargetC$18.00 ➝ C$19.00
8/3/2018TD SecuritiesSet Price TargetC$18.00
8/3/2018CIBCBoost Price TargetC$17.00 ➝ C$18.00
8/1/2018Royal Bank of CanadaBoost Price TargetOutperformC$16.00 ➝ C$17.00
3/29/2018CIBCReiterated RatingNeutralC$14.50
2/16/2018TD SecuritiesLower Price TargetBuyC$17.00 ➝ C$16.00
2/15/2018Royal Bank of CanadaLower Price TargetOutperformC$16.50 ➝ C$16.00
11/3/2017TD SecuritiesLower Price TargetBuyC$17.50 ➝ C$17.00
8/8/2017TD SecuritiesLower Price TargetBuyC$18.00 ➝ C$17.50
8/2/2017Royal Bank of CanadaBoost Price TargetOutperformC$16.00 ➝ C$16.50
7/14/2017TD SecuritiesBoost Price TargetBuyC$17.00 ➝ C$18.00
5/5/2017TD SecuritiesReiterated RatingBuyC$17.00
5/4/2017Eight CapitalUpgradeNeutral ➝ BuyC$17.50 ➝ C$18.50
2/17/2017TD SecuritiesBoost Price TargetBuyC$15.50 ➝ C$16.50
2/17/2017Royal Bank of CanadaSet Price TargetC$16.00
2/17/2017CIBCBoost Price TargetC$14.50 ➝ C$16.00
2/17/2017Royal Bank of CanadaBoost Price TargetOutperformC$14.00 ➝ C$16.00
2/16/2017Eight CapitalBoost Price TargetC$13.50 ➝ C$14.50
1/11/2017TD SecuritiesLower Price TargetBuyC$16.00 ➝ C$15.50
11/8/2016Royal Bank of CanadaReiterated RatingSector PerformC$16.00
11/4/2016TD SecuritiesBoost Price TargetBuyC$15.00 ➝ C$16.00
8/6/2016CIBCBoost Price TargetC$13.50 ➝ C$14.50
8/4/2016TD SecuritiesReiterated RatingBuyC$15.00
8/4/2016Royal Bank of CanadaBoost Price TargetC$13.00 ➝ C$13.50
8/3/2016Royal Bank of CanadaBoost Price TargetC$13.00 ➝ C$13.50
(Data available from 6/18/2016 forward)
Morguard North American Residential REIT 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. Its portfolio consists of 13,236 residential suites (as of February 12, 2019) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $2.8 billion at December 31, 2018.
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Today's Range

Now: C$16.68
Low: C$16.68
High: C$16.92

50 Day Range

MA: C$16.17
Low: C$15.49
High: C$17.13

52 Week Range

Now: C$16.68
Low: C$13.55
High: C$17.23

Volume

28,667 shs

Average Volume

54,747 shs

Market Capitalization

C$651.04 million

P/E Ratio

6.15

Dividend Yield

4.16%

Beta

N/A

Frequently Asked Questions

What sell-side analysts currently cover shares of Morguard North American Residential REIT?

The following Wall Street analysts have issued stock ratings on Morguard North American Residential REIT 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 REIT?

2 Wall Street analysts have set twelve-month price targets for Morguard North American Residential REIT in the last year. Their average twelve-month price target is C$19.50, suggesting a possible upside of 16.9%. Royal Bank of Canada has the highest price target set, predicting MRG.UN will reach C$20.00 in the next twelve months. TD Securities has the lowest price target set, forecasting a price of C$19.00 for Morguard North American Residential REIT in the next year.
View the latest price targets for MRG.UN.

What is the current consensus analyst rating for Morguard North American Residential REIT?

Morguard North American Residential REIT currently has 1 hold rating and 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 REIT.
View the latest ratings for MRG.UN.

What other companies compete with Morguard North American Residential REIT?

How do I contact Morguard North American Residential REIT's investor relations team?

Morguard North American Residential REIT'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 REIT is www.morguard.com.