Morguard (TSE:MRC) Share Price Crosses Below Two Hundred Day Moving Average of $112.36

Morguard Co. (TSE:MRC)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$112.36 and traded as low as C$111.94. Morguard shares last traded at C$111.99, with a volume of 390 shares.

Morguard Stock Down 0.9 %

The company has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 5.04 and a beta of 1.18. The firm’s 50 day moving average price is C$111.39 and its two-hundred day moving average price is C$112.34. The company has a current ratio of 0.20, a quick ratio of 0.13 and a debt-to-equity ratio of 127.76.

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

Morguard Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a $0.15 dividend. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.60 dividend on an annualized basis and a yield of 0.54%. Morguard’s dividend payout ratio (DPR) 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.