Morguard North American Residential REIT Share Price Soars Above 200 Day Moving Average in 2023!
March 5, 2023
Trending News ☀️
In 2023, Morguard North American ($TSX:MRG.UN) Residential REIT’s share price has been on a remarkable upswing, recently surpassing its two hundred day moving average. This rise in price can be attributed to increased confidence in the safety and stability of real estate investment trusts, as well as Morguard North American Residential REIT’s efficient management and use of investor capital. The trust has a diversified portfolio of properties with a focus on providing its shareholders with stable returns. Moreover, the trust is able to quickly acquire, manage, and finance rental properties at attractive rates. The trust’s strong performance over the last year has been credited to its diligent management team and sound investment strategy. It has been able to identify and capitalize on emerging trends in the market while at the same time minimizing risk.
As a result, the trust has experienced exceptional returns and has seen its share price rise above its two hundred day moving average. As investors continue to move away from traditional investments into alternative ones such as real estate investment trusts, Morguard North American Residential REIT is well positioned to capitalize on these changing trends. With an established portfolio of residential investments and a skilled management team, the trust is well positioned for continued success. Its impressive share price surge in 2023 is only further testament to its success and growth potential.
Price History
On Monday, the stock opened at CA$18.0 and closed at CA$18.2, only a 0.1% drop from its previous day’s closing price of CA$18.2. The current media coverage for the REIT has been mostly positive, as investors are optimistic about the company’s prospects for future growth. With its impressive portfolio and share price performance, investors are increasingly looking to Morguard North American Residential REIT as a viable real estate investment option. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MRG.UN. More…
| Total Revenues | Net Income | Net Margin |
| 278.49 | 219.28 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MRG.UN. More…
| Operations | Investing | Financing |
| 75.17 | -11.06 | -78.88 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MRG.UN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.86k | 2.08k | 44.83 |
Key Ratios Snapshot
Some of the financial key ratios for MRG.UN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 47.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
GoodWhale’s analysis of MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST provides an overall low risk rating. This is evidence that investors can trust that this REIT is a safe bet for their portfolio. In terms of financial and business aspects, MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST scores very well due to its stringent business regulations. On top of that, GoodWhale has detected only one risk warning on the balance sheet, indicating that the trust is well managed and is in good financial health moving forward. If you’d like to see this risk warning for yourself or learn more about it, be sure to register on our website (GoodWhale.com) for free. More…
Peers
The company competes with Dream Residential REIT, BSR Real Estate Investment Trust, Independence Realty Trust Inc, and other companies in the real estate investment trust industry.
– Dream Residential REIT ($TSX:DRR.U)
BSR Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, and manages a portfolio of properties in the United States. The company’s portfolio includes office, retail, and industrial properties. As of 2021, the company’s portfolio consisted of 49 properties totaling 8.1 million square feet of gross leasable area.
– BSR Real Estate Investment Trust ($TSX:HOM.U)
Independence Realty Trust is a self-managed real estate investment trust that owns, operates, and invests in multifamily residential properties. The company’s portfolio consists of approximately 9,600 units in 36 properties, all located in the United States.
Summary
Analysts attribute the success to MNR’s solid portfolio of diversified residential real estate holdings across the US. The company’s robust cash flow, balanced debt structure, and attractive yields have been particularly appealing to investors looking for good returns and safe investments. Its geographically diversified portfolio provides stability against local market fluctuations and offers investors a high degree of risk-adjusted returns. Furthermore, MNR’s management team has implemented strategies to maximize growth and minimize risk, making it an attractive option for those interested in long-term investments.
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