Morguard (TSE:MRC – Get Free Report) issued its quarterly earnings results on Tuesday. The real estate investment trust reported C$5.48 earnings per share (EPS) for the quarter, FiscalAI reports. Morguard had a return on equity of 4.01% and a net margin of 15.68%.The company had revenue of C$270.46 million for the quarter.
Morguard Price Performance
TSE:MRC remained flat at C$120.15 during trading hours on Tuesday. The company had a trading volume of 1,211 shares, compared to its average volume of 2,804. Morguard has a fifty-two week low of C$111.55 and a fifty-two week high of C$121.63. The company has a debt-to-equity ratio of 128.26, a current ratio of 0.27 and a quick ratio of 0.13. The stock has a fifty day simple moving average of C$116.26 and a two-hundred day simple moving average of C$116.06. The stock has a market capitalization of C$1.28 billion, a P/E ratio of 7.35 and a beta of 0.14.
Insider Buying and Selling
In related news, insider Sime Armoyan bought 5,500 shares of the company’s stock in a transaction dated Tuesday, March 17th. The stock was purchased at an average price of C$115.00 per share, with a total value of C$632,500.00. Following the completion of the acquisition, the insider owned 1,390,223 shares of the company’s stock, valued at C$159,875,645. The trade was a 0.40% increase in their ownership of the stock. Insiders bought a total of 6,000 shares of company stock worth $689,875 over the last three months. 72.99% of the stock is currently owned by insiders.
About Morguard
Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors.
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