(MRG-UN) Morguard North American - Ratings and Ratios

Morguard North American Residential Real Estate Investment Trust (MRG-UN) is a diversified real estate investment trust with a strategic focus on high-quality multi-suite residential properties in Canada and the United States. The trusts portfolio comprises 13,089 residential suites and 239,500 square feet of commercial area, spanning across key regions in Alberta, Ontario, and various states in the US, including Colorado, Texas, and Florida, with a total appraised value of approximately $4.3 billion.

The REITs business model is centered around active asset and property management to maximize long-term unit value. With a presence in prime locations, MRG-UN is well-positioned to capitalize on the growing demand for residential properties in North America. The trusts diversified portfolio mitigates risk and provides a stable source of income.

From a technical analysis perspective, MRG-UNs stock price is currently at $18.25, slightly below its 20-day simple moving average (SMA) of $18.33. The 50-day SMA and 200-day SMA are at $17.47 and $17.42, respectively, indicating a potential bullish trend. The average true range (ATR) is 0.32, representing a 1.73% daily price movement. Given the current technical indicators, it is likely that the stock price will continue to consolidate around the $18.00 level before breaking out to new highs.

Fundamentally, MRG-UN has a market capitalization of $969.19 million CAD, with a price-to-earnings (P/E) ratio of 5.77 and a forward P/E ratio of 15.22. The return on equity (RoE) is 5.81%, indicating a relatively stable and profitable business. Considering the REITs diversified portfolio, strong asset management, and favorable market conditions, it is forecasted that MRG-UN will experience a moderate growth in the coming quarters, with a potential target price of $20.00.

Based on the analysis of both technical and fundamental data, the forecast suggests that MRG-UN is poised for a potential breakout, driven by its strong portfolio and favorable market conditions. As the REIT continues to actively manage its assets and capitalize on growth opportunities, investors can expect a stable and potentially increasing return on investment.