Morguard North American Residential REIT's stock has fluctuated this week, reflecting broader market trends and investor sentiment.
This week, Morguard North American Residential Real Estate Investment Trust (MRG-UN.TO) saw a slight decline of 1.64%, closing at C$16.82. While there was no major company news, the REIT's performance is still noteworthy for investors watching the real estate sector.
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Morguard North American Residential Real Estate Investment Trust
MRG-UN.TO
MRG-UN.TO
Morguard North American Residential Real Estate Investment Trust
WealthAwesomeMarket cap
$1.17B
P/E
10.3x
52W high
$18.69
52W low
$15.88
1W change
-1.64%
Beta
0.93
Analyst Price Targets
Based on analyst covering MRG-UN
Wall Street analysts forecast MRG-UN stock price to rise 26.3% over the next 12 months.
Consensus
BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$21.25
+26.3% Upside
Current Price
C$16.82
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on MRG-UN's historical volatility
30-Day Vol
14.8%
Annualized
90-Day Vol
17.3%
Annualized
Trend (90d)
-20.7%
Annualized drift
90d Mean
C$15.62
Expected price
| Horizon | Expected | 68% Range (1ฯ) |
|---|---|---|
| 30 trading days | C$16.41 | C$15.59 โ C$17.27 |
| 60 trading days | C$16.01 | C$14.90 โ C$17.21 |
| 90 trading days | C$15.62 | C$14.30 โ C$17.07 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯ, 95% band = ยฑ2ฯ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Investor takeaway: Investors should consider the REIT's recent price movements along with its technical indicators and distribution announcements, as these factors may influence future performance.
C$16.82 last close, reflecting a 1D gain of 0.36%.
The stock's 52-week range is C$15.88 to C$18.69, indicating it is currently trading at about 33% of this range. This may suggest potential for recovery or further declines depending on market conditions.
Bull case
The REIT has a solid profit margin of 28.7% and a respectable P/E ratio of 10.30, indicating potential value for income-focused investors. Additionally, the average analyst target of C$21.25 suggests a bullish outlook.
Bear case
Despite its strengths, Morguard North American Residential REIT has faced a year-to-date decline of 3.17%. The stock is currently trading below both its 50-day and 200-day moving averages, which could raise concerns for some investors.
Price Action Overview
Morguard North American Residential REIT's stock closed at C$16.82, reflecting a minor gain of 0.36% on the day. However, the stock has experienced a decrease of 1.64% over the past week and a decline of 1.75% over the last month. Year-to-date, the REIT is down 3.17%, indicating a challenging environment in the real estate sector.
Recent Company News
There have been no major company announcements this week. However, recent headlines indicate that Morguard North American Residential REIT has declared distributions for May and June 2026, each amounting to $0.06583 per unit. Additionally, a conference call is scheduled for June 25, 2026, to discuss the second-quarter results, which may provide further insights into the REIT's performance.
Technical Picture
The technical indicators for Morguard North American Residential REIT show that the stock is trading just below its 50-day moving average of C$16.85, which is down 0.2% compared to the current price. The 200-day moving average stands at C$17.46, indicating a 3.6% gap. The stock's beta of 0.93 suggests it is less volatile than the broader market. The current trading volume is 31,081 shares, which is 1.27 times the 20-day average volume of 24,526 shares, indicating increased trading activity.
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