Morguard Real Estate Inv Trust

MRT.UN-T

Analysis and Opinions about MRT.UN-T

Signal
Opinion
Expert
WEAK BUY
WEAK BUY
August 22, 2019
Apartments in Ontario and the US sunbelt. MRT is pretty illiquid, but has performed very well. She'd rather play Ontario and the sunbelt separately (i.e. Minto REIT for Ontario). They have a decent balance sheet so they can continue to pay debt and grow by acquiring. No headwinds here. Expect higher dividends.
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Apartments in Ontario and the US sunbelt. MRT is pretty illiquid, but has performed very well. She'd rather play Ontario and the sunbelt separately (i.e. Minto REIT for Ontario). They have a decent balance sheet so they can continue to pay debt and grow by acquiring. No headwinds here. Expect higher dividends.
COMMENT
COMMENT
July 31, 2019

The REIT has been challenged because of the types of real estate they hold in the retail space. They also hold office space that is also challenged. It is externally managed by Morguard Corp and he feels the fees being collected do not put them in synergy. You would be better to hold the parent -- MRC-T -- as it trades at a discount to book as well.

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The REIT has been challenged because of the types of real estate they hold in the retail space. They also hold office space that is also challenged. It is externally managed by Morguard Corp and he feels the fees being collected do not put them in synergy. You would be better to hold the parent -- MRC-T -- as it trades at a discount to book as well.

COMMENT
COMMENT
March 27, 2019
BAM vs. Morguard BAM: He's recommended this and still does. It carries infrastructure, business partners and renewables. It's done very well and just bought Oak Tree, a good purchase for them. Morguard is much smaller. It's trading at a discount to NAV, because it's small and unrecognized. But its price hasn't done badly, though real estate has thrived in this environment.
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BAM vs. Morguard BAM: He's recommended this and still does. It carries infrastructure, business partners and renewables. It's done very well and just bought Oak Tree, a good purchase for them. Morguard is much smaller. It's trading at a discount to NAV, because it's small and unrecognized. But its price hasn't done badly, though real estate has thrived in this environment.
DON'T BUY
DON'T BUY
July 12, 2018

He owns Morguard Corp. (MRC-T). He likes it because they hold a large portion of the free cash that is generated which gives them much more opportunity to do something with it. It is an attractive compounder.

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He owns Morguard Corp. (MRC-T). He likes it because they hold a large portion of the free cash that is generated which gives them much more opportunity to do something with it. It is an attractive compounder.

COMMENT
COMMENT
March 16, 2017

A very capable management team, which is a huge positive. The action in the REIT space is driven more by interest rates. Expects rates will stay lower in Canada, but yields have been dragged up in the US in the past little while. Every time the REITs go up, the income becomes less valuable, but a good portion of REITs have financed themselves out fairly far. He is positive on this company.

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A very capable management team, which is a huge positive. The action in the REIT space is driven more by interest rates. Expects rates will stay lower in Canada, but yields have been dragged up in the US in the past little while. Every time the REITs go up, the income becomes less valuable, but a good portion of REITs have financed themselves out fairly far. He is positive on this company.

HOLD
HOLD
November 23, 2016

He is relatively constructive on REITs after the selloff. This one is fairly well diversified. It has a good footprint and good management team. Thinks this will give you a pretty decent yield. Not his favourite in the real estate sector.

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He is relatively constructive on REITs after the selloff. This one is fairly well diversified. It has a good footprint and good management team. Thinks this will give you a pretty decent yield. Not his favourite in the real estate sector.

Andy Nasr

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Price
$13.980
Owned
Unknown
HOLD
HOLD
September 20, 2016

A very well diversified Canadian REIT. Retail exposure and located in several different provinces. Morguard Corp substantially controls and owns a lot of the REIT. At some point, if the REIT gets cheap enough, it trades at a sizable discount to NAV, and you could see Morguard take it in and monetize it.

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A very well diversified Canadian REIT. Retail exposure and located in several different provinces. Morguard Corp substantially controls and owns a lot of the REIT. At some point, if the REIT gets cheap enough, it trades at a sizable discount to NAV, and you could see Morguard take it in and monetize it.

Andy Nasr

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Price
$15.690
Owned
Unknown
HOLD
HOLD
December 24, 2015

He got out around $17. Most Canadian REITs pulled back. If it gets cheap enough you could see Morguard Corp take it in. There is probably not much more downside.

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He got out around $17. Most Canadian REITs pulled back. If it gets cheap enough you could see Morguard Corp take it in. There is probably not much more downside.

COMMENT
COMMENT
November 13, 2014

This is his own company’s REIT. Because of this, he does not own this to make sure there is no conflict. Using the analysts’ consensus numbers, this is trading at over 20% discount over the value of its properties. Morguard, his company, owns over 50% of this. Dividend is very, very safe.

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This is his own company’s REIT. Because of this, he does not own this to make sure there is no conflict. Using the analysts’ consensus numbers, this is trading at over 20% discount over the value of its properties. Morguard, his company, owns over 50% of this. Dividend is very, very safe.

BUY
BUY
July 20, 2012
(Market Call Minute.) Trading at a slight discount to NAV.
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(Market Call Minute.) Trading at a slight discount to NAV.
BUY
BUY
June 4, 2012
Cheap and offers about a 15% total return. Commercial diversified name, mainly retail with a little bit of industrial.
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Cheap and offers about a 15% total return. Commercial diversified name, mainly retail with a little bit of industrial.
DON'T BUY
DON'T BUY
February 14, 2012
Historically has traded at a slight discount. Had a great run recently and is probably fully valued.
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Historically has traded at a slight discount. Had a great run recently and is probably fully valued.
HOLD
HOLD
December 5, 2011
Commercial diversified name. Is at full and fair value.
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Commercial diversified name. Is at full and fair value.
BUY
BUY
April 20, 2011
Are earnings likely to catch up to the distribution? Likely never. In the case of REITs there is very poor earnings quality. Cash flow generated is very different from cash flow generated. Ignore earnings and focus on distributable cash flow. This company’s distribution is sustainable. Good quality name with good quality assets, but there is nothing overly special about them. At these levels you are probably going to get a 12%-13% total return. Commercial/diversified.
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Are earnings likely to catch up to the distribution? Likely never. In the case of REITs there is very poor earnings quality. Cash flow generated is very different from cash flow generated. Ignore earnings and focus on distributable cash flow. This company’s distribution is sustainable. Good quality name with good quality assets, but there is nothing overly special about them. At these levels you are probably going to get a 12%-13% total return. Commercial/diversified.
BUY
BUY
November 5, 2010
Diversified commercial REIT. Relative to other names in the same space, it is reasonable value. Can continue buying properties at higher values because financing rates have come down. Came out with decent results and shot up over last 4 or 5 sessions.
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Diversified commercial REIT. Relative to other names in the same space, it is reasonable value. Can continue buying properties at higher values because financing rates have come down. Came out with decent results and shot up over last 4 or 5 sessions.
Showing 1 to 15 of 38 entries

Morguard Real Estate Inv Trust(MRT.UN-T) Rating

Ranking : 4 out of 5

Bullish - Buy Signals / Votes : 1

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 1

Stockchase rating for Morguard Real Estate Inv Trust is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Morguard Real Estate Inv Trust(MRT.UN-T) Frequently Asked Questions

What is Morguard Real Estate Inv Trust stock symbol?

Morguard Real Estate Inv Trust is a Canadian stock, trading under the symbol MRT.UN-T on the Toronto Stock Exchange (MRT-UN-CT). It is usually referred to as TSX:MRT.UN or MRT.UN-T

Is Morguard Real Estate Inv Trust a buy or a sell?

In the last year, 1 stock analyst published opinions about MRT.UN-T. 1 analyst recommended to BUY the stock. 0 analyst recommended to SELL the stock. The latest stock analyst recommendation is WEAK BUY. Read the latest stock experts' ratings for Morguard Real Estate Inv Trust.

Is Morguard Real Estate Inv Trust a good investment or a top pick?

Morguard Real Estate Inv Trust was recommended as a Top Pick by Michelle Wearing on 2019-08-22. Read the latest stock experts ratings for Morguard Real Estate Inv Trust.

Why is Morguard Real Estate Inv Trust stock dropping?

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.

Is Morguard Real Estate Inv Trust worth watching?

1 stock analyst on Stockchase covered Morguard Real Estate Inv Trust In the last year. It is a trending stock that is worth watching.

What is Morguard Real Estate Inv Trust stock price?

On 2020-04-08, Morguard Real Estate Inv Trust (MRT.UN-T) stock closed at a price of $5.52.