Morguard (TSE:MRC) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Morguard Co. (TSE:MRC) shares passed 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 changing hands.

Morguard Stock Down 2.1 %

The company has a market capitalization of C$1.25 billion, a price-to-earnings ratio of 6.16 and a beta of 1.18. 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 business’s 50 day moving average is C$120.03 and its 200 day moving average is C$116.22.

Morguard Increases Dividend

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