Morguard (TSE:MRC) Sets New 52-Week High at $219.48

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Morguard Corp (TSE:MRC) reached a new 52-week high during trading on Tuesday . The stock traded as high as C$219.48 and last traded at C$216.00, with a volume of 5623 shares traded. The stock had previously closed at C$199.95.

The company has a debt-to-equity ratio of 141.34, a quick ratio of 0.22 and a current ratio of 0.27. The stock has a market cap of $2.40 billion and a P/E ratio of 10.43. The firm’s 50 day moving average is C$190.09 and its 200 day moving average is C$191.38.

Morguard (TSE:MRC) last posted its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported C$6.17 EPS for the quarter. The firm had revenue of C$301.39 million for the quarter. As a group, analysts expect that Morguard Corp will post 13.3500003 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be paid a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.60 annualized dividend and a dividend yield of 0.28%. Morguard’s dividend payout ratio (DPR) is presently 2.95%.

Morguard Company Profile (TSE:MRC)

Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate properties in Canada and the United States. As of February 21, 2019, the company owned a portfolio of 214 multi-suite residential, retail, office, industrial, and hotel properties that comprised 18,481 residential suites, approximately 17.2 million square feet of commercial leasable space, and 5,903 hotel rooms.

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