Morguard (TSE:MRC) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Morguard Co. (TSE:MRC)’s share price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$116.43 and traded as low as C$114.00. Morguard shares last traded at C$116.32, with a volume of 331 shares.

Morguard Stock Down 0.2 %

The company has a debt-to-equity ratio of 127.16, a current ratio of 0.29 and a quick ratio of 0.13. The stock has a market capitalization of C$1.23 billion, a P/E ratio of 6.06 and a beta of 1.18. The firm has a 50 day moving average of C$118.80 and a 200-day moving average of C$116.45.

Morguard Increases Dividend

The firm 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. The ex-dividend date was Monday, December 16th. This is a positive change from Morguard’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 0.70%. Morguard’s payout ratio is currently 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.