Morguard (TSE:MRC) Share Price Passes Above 50 Day Moving Average of $113.54

Shares of Morguard Co. (TSE:MRC) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$113.54 and traded as high as C$122.00. Morguard shares last traded at C$122.00, with a volume of 301 shares.

Morguard Trading Up 0.0 %

The company has a current ratio of 0.30, a quick ratio of 0.13 and a debt-to-equity ratio of 142.74. The company has a market cap of C$1.32 billion, a PE ratio of 17.91 and a beta of 1.16. The business’s 50-day simple moving average is C$113.54 and its 200-day simple moving average is C$107.51.

Morguard (TSE:MRC) last released its earnings results on Thursday, February 22nd. The real estate investment trust reported C$1.25 earnings per share (EPS) for the quarter. Morguard had a net margin of 5.97% and a return on equity of 1.33%. The company had revenue of C$312.86 million during the quarter. As a group, analysts expect that Morguard Co. will post 23.7276265 EPS for the current fiscal year.

Morguard Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.15 per share. The ex-dividend date is Thursday, March 14th. This represents a $0.60 annualized dividend and a dividend yield of 0.49%. Morguard’s dividend payout ratio (DPR) is 8.81%.

About Morguard

Morguard Corporation, a real estate investment and management company, engages in property ownership, development, and investment advisory services in Canada and the United States. It operates in four segments: Multi-Suite Residential, Retail, Office, and Hotel. The company offers real estate management and advisory services, including acquisitions, development, dispositions, leasing, performance measurement, and asset and property management; and investment products across equity, fixed income, and balanced portfolios to institutional clients and private investors.