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Morguard North American Residential REIT (TSE:MRG.UN) announced a Monthly dividend on Wednesday, August 27th, Analyst Ratings Network reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.05 per share on Monday, September 15th. This represents a dividend yield of 5.63%. The ex-dividend date is Wednesday, August 27th.

On a related note, analysts at CIBC raised their price target on shares of Morguard North American Residential REIT from C$12.00 to C$12.50 in a research note on Friday, August 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Morguard North American Residential REIT presently has a consensus rating of “Buy” and an average price target of C$15.25.

Morguard North American Residential Real Estate Investment Trust (TSE:MRG) is an open-ended real estate investment trust.

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