Morguard Real Estate Investment Trust said on April 14, 2023 that its board of directors declared a regular monthly dividend of $0.02 per share ($0.24 annualized). Previously, the company paid $0.02 per share.
Shares must be purchased before the ex-div date of April 27, 2023 to qualify for the dividend. Shareholders of record as of April 28, 2023 will receive the payment on May 15, 2023.
At the current share price of $3.81 / share, the stock's dividend yield is 6.30%.
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What is the Fund Sentiment?
There are 4 funds or institutions reporting positions in Morguard Real Estate Investment Trust. This is an increase of 1 owner(s) or 33.33% in the last quarter. Average portfolio weight of all funds dedicated to MGRUF is 0.01%, a decrease of 25.87%. Total shares owned by institutions decreased in the last three months by 0.60% to 381K shares.
Analyst Price Forecast Suggests 12.19% Upside
As of March 25, 2023, the average one-year price target for Morguard Real Estate Investment Trust is $4.27. The forecasts range from a low of $3.89 to a high of $4.86. The average price target represents an increase of 12.19% from its latest reported closing price of $3.81.
See our leaderboard of companies with the largest price target upside.
The projected annual non-GAAP EPS is $0.90.
What are Other Shareholders Doing?
OWSMX - Old Westbury Small & Mid Cap Strategies Fund holds 3K shares. No change in the last quarter.
DFA INVESTMENT DIMENSIONS GROUP INC - DFA International Real Estate Securities Portfolio - Institutional Class holds 373K shares. In it's prior filing, the firm reported owning 375K shares, representing a decrease of 0.64%. The firm decreased its portfolio allocation in MGRUF by 2.07% over the last quarter.
VGSRX - Vert Global Sustainable Real Estate Fund Institutional Shares holds 5K shares. No change in the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
