Cibc World Mkts upgraded shares of Morguard North American (TSE:MRG – Free Report) to a strong-buy rating in a research report released on Friday morning, Zacks.com reports.
Morguard North American Price Performance
Morguard North American has a one year low of C$13.17 and a one year high of C$16.21.
Morguard North American Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.062 per share. The ex-dividend date of this dividend is Wednesday, July 31st. This represents a $0.74 dividend on an annualized basis and a yield of ∞.
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.
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