The Globe and Mail reports in its Friday, Aug. 1, edition that TD Cowen analyst Jonathan Kelcher has an unchanged "buy" call on Morguard North American Residential REIT. The Globe's David Leeder writes in the Eye On Equities column that Mr. Kelcher boosted his unit target by a loonie to $23. Analysts on average target the units at $22.25. Mr. Kelcher says in a note: "Morguard delivered an in-line Q2 that saw a continuation of trends from last quarter. The U.S. portfolio saw modest improvements with healthy SPNOI growth and occupancy gains, while Canadian fundamentals held steady. Leasing activity has been encouraging to start Q3 which should support further rent growth. On acquisitions, activity appears to be picking up with management remaining active in its search." The Globe reported on Jan. 20, 2022, that Morguard insiders were buying units, which were then worth $16.89. The Globe reported on Dec. 22, 2023, that RBC had reaffirmed its "outperform" recommendation and $20 unit target for Morguard. The units could then be had for $14.69. The Globe reported on Feb. 6, 2025, that Desjardins Securities analyst Alexander Leon commenced coverage on Morguard with a "buy" recommendation. It was then worth $17.15.