Morguard (TSE:MRC) Share Price Crosses Above 50-Day Moving Average of $111.00

Morguard Co. (TSE:MRC)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$111.00 and traded as high as C$112.73. Morguard shares last traded at C$111.17, with a volume of 1,106 shares changing hands.

Morguard Stock Down 1.5 %

The firm has a market capitalization of C$1.20 billion, a P/E ratio of 5.05 and a beta of 1.18. The company has a debt-to-equity ratio of 127.76, a quick ratio of 0.13 and a current ratio of 0.20. The business’s fifty day moving average price is C$111.00 and its two-hundred day moving average price is C$111.48.

Morguard (TSE:MRC) last announced its quarterly earnings data on Tuesday, May 7th. The real estate investment trust reported C$12.06 EPS for the quarter. The firm had revenue of C$281.67 million during the quarter. Morguard had a net margin of 19.45% and a return on equity of 4.67%. Equities analysts expect that Morguard Co. will post 23.7076271 earnings per share for the current fiscal year.

Morguard Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.54%. The ex-dividend date was Friday, June 14th. Morguard’s payout ratio is currently 2.73%.

Morguard Company Profile

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.