Morguard (TSE:MRC) Hits New 52-Week Low at $103.45

Morguard Co. (TSE:MRC – Get Rating)’s stock price reached a new 52-week low on Friday . The stock traded as low as C$103.45 and last traded at C$103.45, with a volume of 7092 shares changing hands. The stock had previously closed at C$109.80.

Morguard Stock Down 5.8 %

The company has a debt-to-equity ratio of 142.62, a current ratio of 0.23 and a quick ratio of 0.13. The firm’s 50 day moving average is C$114.55 and its two-hundred day moving average is C$111.39. The firm has a market capitalization of C$1.14 billion, a P/E ratio of 9.40 and a beta of 1.13.

Morguard Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Shareholders of record on Wednesday, March 15th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend is Tuesday, March 14th. Morguard’s dividend payout ratio is 5.45%.

Morguard Company Profile

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Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops multi-suite residential, commercial, and hotel properties in Canada and the United States. As of February 25, 2022, the company owned a portfolio of 197 multi-suite residential, retail, office, industrial, and hotel properties, including 17,752 residential suites, approximately 16.8 million square feet of commercial leasable space, and 5,058 hotel rooms.