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

  • Consensus Rating: Buy
  • Consensus Price Target: C$22.35
  • Forecasted Upside: 36.36 %
  • Number of Analysts: 4
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 3 Buy Ratings
  • 0 Strong Buy Ratings
C$16.39
▲ +0.15 (0.92%)

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$22.35
▲ +36.36% Upside Potential
This price target is based on 4 analysts offering 12 month price targets for Morguard North American Residential REIT in the last 3 months. The average price target is C$22.35, with a high forecast of C$0.00 and a low forecast of C$0.00. The average price target represents a 36.36% upside from the last price of C$16.39.

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 4 contributing 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

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Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
1/12/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
4/12/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
7/11/2021
  • 0 strong buy ratings
  • 2 buy ratings
  • 0 hold ratings
  • 0 sell ratings
10/9/2021
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
1/7/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
4/7/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
6/6/2022
  • 0 strong buy ratings
  • 3 buy ratings
  • 1 hold ratings
  • 0 sell ratings
7/6/2022

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
6/27/2022CIBCLower Price TargetC$23.00 ➝ C$21.75
4/29/2022Royal Bank of CanadaBoost Price TargetOutperformC$23.00 ➝ C$24.00
4/29/2022TD SecuritiesBoost Price TargetBuyC$23.00 ➝ C$24.00
2/18/2022CIBCBoost Price TargetOutperformC$22.00 ➝ C$23.00
2/17/2022TD SecuritiesBoost Price TargetBuyC$22.00 ➝ C$23.00
2/17/2022Royal Bank of CanadaBoost Price TargetOutperformC$22.00 ➝ C$23.00
1/31/2022Royal Bank of CanadaUpgradeSector Perform ➝ OutperformC$22.00
10/29/2021Laurentian Bank of CanadaBoost Price TargetNeutralC$21.00
10/29/2021Royal Bank of CanadaBoost Price TargetSector PerformC$21.00 ➝ C$22.00
10/29/2021TD SecuritiesBoost Price TargetBuyC$21.00 ➝ C$22.00
10/29/2021CIBCBoost Price TargetOutperformC$21.00 ➝ C$22.00
10/29/2021LaurentianBoost Price TargetC$20.00 ➝ C$21.00
10/1/2021TD SecuritiesLower Price TargetNAC$7.00 ➝ C$6.50
7/30/2021CIBCBoost Price TargetC$20.00 ➝ C$21.00
7/30/2021Royal Bank of CanadaBoost Price TargetSector PerformC$20.00 ➝ C$21.00
7/30/2021TD SecuritiesBoost Price TargetBuyC$19.50 ➝ C$21.00
6/28/2021TD SecuritiesBoost Price TargetBuyC$19.00 ➝ C$19.50
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
(Data available from 7/6/2017 forward)

News Sentiment Rating

-0.22 (Hold)

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

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Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
12/8/2021
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
1/7/2022
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
2/6/2022
  • 0 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/8/2022
  • 1 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
4/7/2022
  • 0 very positive mentions
  • 0 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
5/7/2022
  • 1 very positive mentions
  • 2 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
6/6/2022
  • 0 very positive mentions
  • 2 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
7/6/2022

Current Sentiment

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

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Very Positive

  • No very positive mentions tracked during this time.
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$16.39
Low: C$16.20
High: C$16.51

50 Day Range

MA: C$17.34
Low: C$16.14
High: C$19.09

52 Week Range

Now: C$16.39
Low: C$15.85
High: C$20.52

Volume

10,745 shs

Average Volume

42,500 shs

Market Capitalization

C$640.50 million

P/E Ratio

1.68

Dividend Yield

4.31%

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: CIBC, Laurentian, Laurentian Bank of Canada, 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?

0 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$22.35, suggesting a possible upside of 37.6%.
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 3 buy ratings 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.

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. Learn More about contacing Morguard North American Residential REIT investor relations.