Morguard (TSE:MRC) Share Price Passes Below 200-Day Moving Average - Here's What Happened

Shares of Morguard Co. (TSE:MRC - Get Free Report) 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 company has a fifty day moving average of C$117.65 and a 200 day moving average of C$116.50. The company has a quick ratio of 0.13, a current ratio of 0.29 and a debt-to-equity ratio of 127.16. The company has a market cap of C$1.20 billion, a P/E ratio of 5.89 and a beta of 1.18.

Morguard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.20 per share. The ex-dividend date was Monday, December 16th. This represents a $0.80 annualized dividend and a dividend yield of 0.72%. This is a positive change from Morguard's previous quarterly dividend of $0.15. Morguard's dividend payout ratio is presently 3.19%.

Morguard Company Profile

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.