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1 Comment
Morguard North American Residential Real Estate Investment Trust is currently in a long term uptrend where the price is trading 10.8% above its 200 day moving average.
From a valuation standpoint, the stock is 95.8% cheaper than other stocks from the Real Estate sector with a price to sales ratio of 2.4.
Morguard North American Residential Real Estate Investment Trust's total revenue sank by 0.4% to $61M since the same quarter in the previous year.
Its net income has dropped by 79.1% to $7M since the same quarter in the previous year.
Finally, its free cash flow fell by 63.4% to $9M since the same quarter in the previous year.
Based on the above factors, Morguard North American Residential Real Estate Investment Trust gets an overall score of 2/5.
Industry | REIT - Residential |
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Exchange | TO |
CurrencyCode | CAD |
ISIN | CA61761E1007 |
Sector | Real Estate |
Market Cap | 917M |
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PE Ratio | 5.43 |
Target Price | 21.5 |
Beta | 1.06 |
Dividend Yield | 4.3% |
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. The REIT's portfolio is comprised of 13,089 residential suites and 229,500 square feet of commercial area (as of October 24, 2023) located in Alberta, Ontario, Colorado, Texas, Louisiana, Illinois, Georgia, Florida, North Carolina, Virginia and Maryland with an appraised value of approximately $4.0 billion at September 30, 2023.
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