Morguard (TSE:MRC) Hits New 52-Week Low – Here’s What Happened

Morguard Co. (TSE:MRC) hit a new 52-week low during trading on Tuesday . The company traded as low as C$108.35 and last traded at C$109.79, with a volume of 2452 shares. The stock had previously closed at C$110.53.

Morguard Trading Down 0.7 %

The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 5.83 and a beta of 1.18. The company has a current ratio of 0.29, a quick ratio of 0.13 and a debt-to-equity ratio of 127.16. The company has a fifty day moving average price of C$115.59 and a 200-day moving average price of C$116.56.

Morguard (TSE:MRC) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported C$0.05 EPS for the quarter. Morguard had a return on equity of 3.72% and a net margin of 17.07%. On average, equities research analysts predict that Morguard Co. will post 26.1506276 EPS for the current year.

Morguard Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Monday, December 16th. This is a boost from Morguard’s previous quarterly dividend of $0.15. Morguard’s payout ratio is 3.19%.

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.