Morguard (TSE:MRC) Stock Passes Below Two Hundred Day Moving Average of $109.69

Morguard Co. (TSE:MRC – Get Rating) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$109.69 and traded as low as C$103.00. Morguard shares last traded at C$103.45, with a volume of 5,553 shares traded.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada lowered their price target on shares of Morguard from C$150.00 to C$140.00 and set a “sector perform” rating on the stock in a research note on Thursday, May 4th.

Morguard Price Performance

The company has a market capitalization of C$1.14 billion, a P/E ratio of -9.71 and a beta of 1.14. The company has a quick ratio of 0.13, a current ratio of 0.23 and a debt-to-equity ratio of 142.62. The business’s 50-day moving average price is C$104.35 and its 200 day moving average price is C$109.69.

Morguard (TSE:MRC – Get Rating) last issued its earnings results on Thursday, February 23rd. The real estate investment trust reported C($34.48) EPS for the quarter. The company had revenue of C$289.47 million for the quarter. Analysts anticipate that Morguard Co. will post 25.3052109 EPS for the current fiscal year.

Morguard Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Thursday, June 15th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date is Wednesday, June 14th. Morguard’s payout ratio is -5.63%.

Morguard Company Profile

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Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. As of February 25, 2022, the company owned a portfolio of 197 multi-suite residential, retail, office, industrial, and hotel properties, including 17,752 residential suites, approximately 16.8 million square feet of commercial leasable space, and 5,058 hotel rooms.