Cibc World Mkts upgraded shares of Morguard North American (TSE:MRG – Free Report) to a strong-buy rating in a research report report published on Friday morning, Zacks.com reports.
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 Thursday, August 15th. Investors of record on Wednesday, July 31st will be given a dividend of $0.062 per share. This represents a $0.74 annualized dividend and a yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.
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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