Morguard (TSE:MRC) Hits New 12-Month High at $122.84

Morguard Co. (TSE:MRC)’s stock price hit a new 52-week high on Thursday . The company traded as high as C$122.84 and last traded at C$122.84, with a volume of 6026 shares traded. The stock had previously closed at C$118.50.

Morguard Price Performance

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 firm has a market capitalization of C$1.30 billion, a P/E ratio of 6.52 and a beta of 1.17. The firm’s fifty day moving average price is C$112.98 and its 200-day moving average price is C$112.76.

Morguard Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Monday, September 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date 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.