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.
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.
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.