Morguard (TSE:MRC) Sets New 12-Month High at $128.41

Morguard Co. (TSE:MRC)’s stock price 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 Trading Up 6.1 %

The company has a debt-to-equity ratio of 127.16, a quick ratio of 0.13 and a current ratio of 0.29. The company’s fifty day moving average is C$113.45 and its two-hundred day moving average is C$112.89. The company has a market cap of C$1.38 billion, a price-to-earnings ratio of 6.79 and a beta of 1.17.

Morguard Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Monday, September 16th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.60 dividend on an annualized basis and a yield of 0.47%. 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.