They manage two REITs. The Corp is the name you want to own. It is a $200 stock. They are in sectors that are tough sectors to operate in – Office and Retail. We need less and less office space. MRT.U is the high dividend version of the corporation. MRG-U-T is their North American REIT.
Morguard Corporation is a Canadian stock, trading under the symbol MRC-T on the Toronto Stock Exchange (MRC-CT). It is usually referred to as TSX:MRC or MRC-T
In the last year, 4 stock analysts published opinions about MRC-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Morguard Corporation.
Morguard Corporation was recommended as a Top Pick by on . Read the latest stock experts ratings for Morguard Corporation.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
4 stock analysts on Stockchase covered Morguard Corporation In the last year. It is a trending stock that is worth watching.
On 2023-09-21, Morguard Corporation (MRC-T) stock closed at a price of $102.55.
We reiterate MRC, a leading North American real estate management company, as a TOP PICK. As the BoC holds interest rates from further increases, and rental rates are up over 10% across the country, we expect the company to continue reporting quarterly increases in cash reserves to allow for further retirement of debt and to buy back shares. It trades at 4x forward earnings. We continue to recommend a stop loss at $95, looking to achieve $125 -- upside over 18%. Yield 0.%%.
(Analysts’ price target is $145.00)