Opinions Keith Richards
Morguard CorporationMRC.TOCOMMENTNov 05, 2013
Keith RichardsStock price when the opinion was issued
As of Jun 22, 2026. Market Open.
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Premium content
Premium contentWe reiterate MRC, a leading North American real estate management company, as a TOP PICK. As the BoC holds interest rates from further increases, and rental rates are up over 10% across the country, we expect the company to continue reporting quarterly increases in cash reserves to allow for further retirement of debt and to buy back shares. It trades at 4x forward earnings. We continue to recommend a stop loss at $95, looking to achieve $125 -- upside over 18%. Yield 0.%%.
(Analysts’ price target is $145.00)Premium contentThe company owns a diversified portfolio of residential and commercial property portfolio worth $19 billion. It is benefitting from growth in immigration into Canada and sees the commercial sector stabilizing going forward. It trades below book value and at 10x earnings. We recommend a stop-loss at $95, looking to achieve $150 - upside potential of 40%. Yield 0.5%
David Baskin
Chart shows an uptrend that has been around for a few years, but the chart is breaking down. There is some potential as the chart shows a formation of a rounded bottom and could get back to the top of the trend line. He is trying to avoid stocks that have broken the big long trend lines. Has some potential for a short-term rally and could be worth a trade, but not good for a long-term trade. One of the factors that you should be looking for in a change of trends is the highs and lows, peaks and troughs.