Morguard Corp (TSE:MRC) announced a quarterly dividend on Friday, December 13th, TickerTech reports. Stockholders of record on Tuesday, December 31st will be given a dividend of 0.15 per share by the real estate investment trust on Tuesday, December 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date of this dividend is Friday, December 13th.
Shares of MRC traded up C$0.02 on Thursday, reaching C$200.01. 510 shares of the stock traded hands, compared to its average volume of 1,430. The firm has a market cap of $2.28 billion and a price-to-earnings ratio of 12.36. The company has a debt-to-equity ratio of 142.96, a current ratio of 0.22 and a quick ratio of 0.18. Morguard has a 12 month low of C$164.00 and a 12 month high of C$219.48. The stock’s 50-day moving average price is C$202.01 and its 200-day moving average price is C$195.38.
A number of analysts have recently issued reports on the company. CIBC boosted their price objective on Morguard from C$210.00 to C$225.00 in a research report on Monday, November 11th. Royal Bank of Canada boosted their price objective on Morguard from C$200.00 to C$217.00 in a research report on Wednesday, October 2nd.
Morguard Corporation, a real estate investment and management corporation, acquires, owns, and develops real estate properties in Canada and the United States. As of February 21, 2019, the company owned a portfolio of 214 multi-suite residential, retail, office, industrial, and hotel properties that comprised 18,481 residential suites, approximately 17.2 million square feet of commercial leasable space, and 5,903 hotel rooms.
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