Morguard North American (MRG) to Release Quarterly Earnings on Tuesday

Morguard North American (TSE:MRG) is scheduled to announce its earnings results after the market closes on Tuesday, October 29th.

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

Morguard North American Price Performance

Morguard North American has a 12 month low of C$13.17 and a 12 month high of C$16.21.

Morguard North American Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, October 31st. This represents a $0.74 annualized dividend and a dividend yield of ∞.

Analyst Ratings Changes

Separately, Cibc World Mkts upgraded Morguard North American to a “strong-buy” rating in a research note on Friday, August 2nd.

About Morguard North American

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.