Morguard (TSE:MRC) Sets New 1-Year High at $128.41

Shares of Morguard Co. (TSE:MRC) hit a new 52-week high on Wednesday . The stock traded as high as C$128.41 and last traded at C$127.85, with a volume of 3360 shares traded. The stock had previously closed at C$120.50.

Morguard Stock Up 6.1 %

The company has a current ratio of 0.29, a quick ratio of 0.13 and a debt-to-equity ratio of 127.16. The company has a market capitalization of C$1.38 billion, a price-to-earnings ratio of 6.79 and a beta of 1.17. The company has a 50-day moving average of C$113.45 and a 200-day moving average of C$112.89.

Morguard Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors 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 yield of 0.47%. The ex-dividend date of this dividend is Monday, September 16th. Morguard’s dividend payout ratio (DPR) 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.