Morguard (TSE:MRC) Stock Crosses Above Fifty Day Moving Average of $111.54

Morguard Co. (TSE:MRC)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of C$111.54 and traded as high as C$113.61. Morguard shares last traded at C$112.00, with a volume of 4,007 shares traded.

Morguard Stock Performance

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 firm has a market cap of C$1.21 billion, a PE ratio of 5.95 and a beta of 1.16. The stock’s 50 day moving average price is C$111.54 and its 200 day moving average price is C$112.21.

Morguard Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date of this dividend is Monday, September 16th. Morguard’s dividend payout ratio is presently 3.19%.

About Morguard

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.