Morguard North American Residential Real Estate Investment Trust (TSX:MRG.UN)

TSX:MRG.UN Stock Forecast

Stock Price Forecast

According to 4 analysts polled by S&P Global, TSX:MRG.UN stock has a consensus rating of "Buy" and an average price target of $21.25. The average 1-year stock price forecast is 26.94% higher than the current stock price, while the lowest is $20.00 (+19.47%) and the highest is $23.00 (+37.40%).

Price Target: $21.25 (+26.94%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$20.00	$21.25	$21.00	$23.00
Change	+19.47%	+26.94%	+25.45%	+37.40%

* Price targets were last updated on Apr 30, 2026.

Analyst Ratings

The average analyst rating for TSX:MRG.UN stock is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Aug '25	Oct '25	Jan '26	Feb '26	Apr '26	May '26
Strong Buy	2	2	2	2	2	2
Buy	2	1	1	1	1	1
Hold	0	1	1	1	1	1
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	4	4	4	4	4	4

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Jimmy Shan RBC Capital	RBC Capital	Hold Maintains $21.00 → $20.00	Hold	Maintains	$21.00 → $20.00	+19.47%	Apr 30, 2026
Jonathan Kelcher TD Cowen	TD Cowen	Buy Maintains $24.00 → $23.00	Buy	Maintains	$24.00 → $23.00	+37.40%	Apr 29, 2026

Financial Forecast

• EPS Next Year:
  n/a

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	248.26M	284.34M	336.76M	349.15M	360.42M	353.81M
Revenue Growth	3.95%	14.53%	18.44%	3.68%	3.23%	-1.83%
Dividend / Share	0.70	0.70	0.72	0.74	0.76	0.79
Dividend Growth	-	0.49%	2.89%	2.77%	2.91%	3.27%
Free Cash Flow	-28.42M	-36.28M	222.95M	-16.66M	126.19M	-65.00M
FFO	-	82.80M	91.94M	-	-	88.50M
FFO / Share	-	1.43	1.63	-	-	1.66
P/FFO	-	9.73	8.14	-	-	10.08
No. Analysts	-	-	-	-	-	2

Financial currency is CAD.

Revenue Forecast

Revenue	2026	2027
High	357.6M
Avg	353.8M
Low	350.0M

Revenue Growth

Revenue Growth	2026	2027
High	-0.8%
Avg	-1.8%
Low	-2.9%

EPS Forecast

EPS	2026	2027
High	-
Avg	-
Low	-

EPS Growth

EPS Growth	2027
High	-
Avg	-
Low	-

Data Sources: S&P Global Market Intelligence and TipRanks Last updated: Apr 30, 2026

Price targets, consensus ratings and financial forecasts are provided by S&P Global Market Intelligence. Individual analyst data is provided by TipRanks. Price targets and consensus ratings update every hour to every three days, while individual analyst data updates in near real-time.

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