New Stock Purchase: Morguard REIT (MRT.UN.TO)


Bonjour! Welcome back to the blog! This post will be short. Just a follow up on my monthly stock purchase. Today I bought Morguard REIT; the most discounted REIT in Canada. If you recall, last month I wrote a post about the cheapest REIT in Canada. Since I have a small position in that stock, I thought it would be the perfect opportunity to add more shares while the price is still depressed.


Stock Purchase
Today I bought 70 shares of MRT.UN.TO for $12.40 per share. Now I have 210 shares of Morguard at an average cost of $13.50. The company pays 8 cents per share so the new purchase will boost my monthly dividend income by $5.60. Let me know what you think about Morguard. 

4 comments:

  1. nice German. Continuing to stack those reits.

    I know someone who worked for morguard for a long time but got laid off awhile ago. He still says good things about them.

    keep stacking those divs!
    cheers man

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    1. Hey! Initially I wanted to buy Royal Bank, but I'm not ready to pay $107 per share. My last RY purchase was $96 and change and that seemed to be expensive too. I'll wait for a better price to add to my bank position. So the alternative was this Morguard REIT at 50% discount to NAV. Not bad! People will continue to shop at shopping malls.

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  2. It's great great analysis which I have checked
    I am following dividend stocks from past years I found your information very relevant
    Can you please write about "Dividend For The Quarter Ending of this month".
    Please keep posting.

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    Replies
    1. Hi, I'm glad tou find my blog helpful. You want to know the amount of dividends received this quarter, or the stocks that pay dividends at the end of this quarter? Thanks

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