Morguard (TSE:MRC) Reaches New 52-Week Low – Time to Sell?

Shares of Morguard Co. (TSE:MRC) hit a new 52-week low during trading on Tuesday . The company traded as low as C$108.35 and last traded at C$109.79, with a volume of 2452 shares traded. The stock had previously closed at C$110.53.

Morguard Trading Down 0.7 %

The firm has a market capitalization of C$1.19 billion, a price-to-earnings ratio of 5.83 and a beta of 1.18. The business’s 50-day simple moving average is C$115.59 and its two-hundred day simple moving average is C$116.56. The company has a quick ratio of 0.13, a current ratio of 0.29 and a debt-to-equity ratio of 127.16.

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

Morguard Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.20 dividend. This is a boost from Morguard’s previous quarterly dividend of $0.15. This represents a $0.80 annualized dividend and a yield of 0.73%. The ex-dividend date was Monday, December 16th. Morguard’s payout ratio 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.