Morguard (TSE:MRC) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

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$116.52 and traded as low as C$113.08. Morguard shares last traded at C$113.08, with a volume of 105 shares.

Morguard Stock Down 1.8 %

The firm has a 50-day moving average of C$117.65 and a 200 day moving average of C$116.50. The stock has a market capitalization of C$1.20 billion, a price-to-earnings ratio of 5.89 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.

Morguard Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 0.72%. This is a positive change from Morguard’s previous quarterly dividend of $0.15. The ex-dividend date was Monday, December 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.