Madison Pacific Properties (TSE:MPC) Shares Down 2.9%

Madison Pacific Properties Inc. (TSE:MPC) shares traded down 2.9% during mid-day trading on Tuesday . The stock traded as low as C$6.00 and last traded at C$6.08. 400 shares were traded during mid-day trading, a decline of 70% from the average session volume of 1,345 shares. The stock had previously closed at C$6.26.

Madison Pacific Properties Stock Down 2.9 %

The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 58.93. The firm has a 50-day simple moving average of C$6.40 and a two-hundred day simple moving average of C$6.44. The stock has a market cap of C$44.75 million, a P/E ratio of 6.76 and a beta of 0.38.

Madison Pacific Properties (TSE:MPC) last issued its quarterly earnings results on Friday, July 14th. The company reported C$0.05 earnings per share (EPS) for the quarter. The business had revenue of C$10.53 million for the quarter. Madison Pacific Properties had a return on equity of 11.74% and a net margin of 99.89%. Equities research analysts expect that Madison Pacific Properties Inc. will post 5.98 earnings per share for the current fiscal year.

Madison Pacific Properties Announces Dividend

The business also recently declared a Semi-Annual dividend, which was paid on Wednesday, September 6th. Investors of record on Wednesday, August 16th were paid a $0.052 dividend. The ex-dividend date of this dividend was Tuesday, August 15th. Madison Pacific Properties’s dividend payout ratio (DPR) is presently 11.11%.

About Madison Pacific Properties

Madison Pacific Properties Inc, together with its subsidiaries, engages in owning, developing, and managing real estate properties in Canada. The company's property portfolio comprises office, industrial, commercial, retail, and multi-family rental real estate properties located in Metro Vancouver region, British Columbia, Calgary, Edmonton, Alberta, Sudbury, Mississauga, Monetville, and Ontario.