Morguard North American (MRG) Scheduled to Post Quarterly Earnings on Tuesday

Morguard North American (TSE:MRG) will be issuing its quarterly earnings data after the market closes on Tuesday, October 29th.

Morguard North American (TSE:MRG) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.86 earnings per share (EPS) for the quarter. The firm had revenue of C$85.76 million during the quarter.

Morguard North American Stock Performance

Morguard North American has a fifty-two week low of C$13.17 and a fifty-two week high of C$16.21.

Morguard North American Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be given a dividend of $0.062 per share. This represents a $0.74 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, October 31st.

Wall Street Analysts Forecast Growth

Separately, Cibc World Mkts raised shares of Morguard North American to a “strong-buy” rating in a report on Friday, August 2nd.

Morguard North American Company Profile

Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust’s investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures.