Morguard (TSE:MRC) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

Morguard Co. (TSE:MRC) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$116.22 and traded as low as C$114.50. Morguard shares last traded at C$116.01, with a volume of 4,113 shares trading hands.

Morguard Stock Performance

The firm has a market cap of C$1.25 billion, a P/E ratio of 6.16 and a beta of 1.18. The company’s 50 day moving average is C$119.76 and its two-hundred day moving average is C$116.29. The company has a debt-to-equity ratio of 127.16, a current ratio of 0.29 and a quick ratio of 0.13.

Morguard Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 0.69%. The ex-dividend date is Monday, December 16th. This is a positive change from Morguard’s previous quarterly dividend of $0.15. Morguard’s payout ratio is 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.