Morguard (TSE:MRC) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Morguard Co. (TSE:MRC) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$116.54 and traded as low as C$112.00. Morguard shares last traded at C$112.00, with a volume of 2,193 shares traded.

Morguard Stock Performance

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 firm’s fifty day moving average price is C$116.02 and its two-hundred day moving average price is C$116.54. The stock has a market capitalization of C$1.21 billion, a PE ratio of 5.95 and a beta of 1.18.

Morguard (TSE:MRC) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported C$0.05 earnings per share for the quarter. Morguard had a return on equity of 3.72% and a net margin of 17.07%. As a group, equities research analysts forecast that Morguard Co. will post 26.1506276 EPS for the current year.

Morguard Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were paid a $0.20 dividend. This is an increase from Morguard’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a dividend yield of 0.71%. The ex-dividend date was Monday, December 16th. Morguard’s dividend payout ratio (DPR) is currently 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.