Morguard Reit Receives New Coverage from Analysts at BMO Capital Markets (MRG.UN)
Equities researchers at BMO Capital Markets initiated coverage on shares of Morguard Reit (TSE:MRG.UN) in a research report issued on Wednesday, ARN reports. The firm set a “market perform” rating and a C$18.00 price target on the stock.
Separately, analysts at TD Securities raised their price target on shares of Morguard Reit to C$12.00 in a research note to investors on Tuesday, November 5th. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Morguard Reit presently has a consensus rating of “Buy” and a consensus price target of C$38.90.
The company also recently declared a Monthly dividend, which is scheduled for Wednesday, January 15th. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.05 per share. This represents a yield of 6.38%. The ex-dividend date of this dividend is Friday, December 27th.
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