Morguard (TSE:MRC) Sets New 52-Week High – What’s Next?

Morguard Co. (TSE:MRC)’s stock price hit a new 52-week high during trading on Friday . The stock traded as high as C$124.95 and last traded at C$121.30, with a volume of 3301 shares changing hands. The stock had previously closed at C$120.26.

Morguard Stock Performance

The stock’s 50-day moving average is C$116.53 and its 200-day moving average is C$116.14. The firm has a market capitalization of C$1.31 billion, a price-to-earnings ratio of 7.53 and a beta of 0.14. The company has a current ratio of 0.21, a quick ratio of 0.13 and a debt-to-equity ratio of 38.17.

Morguard (TSE:MRC) last released its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported C$5.48 earnings per share (EPS) for the quarter. Morguard had a net margin of 15.75% and a return on equity of 3.99%. The business had revenue of C$270.46 million during the quarter. On average, analysts predict that Morguard Co. will post 26.1506276 EPS for the current fiscal year.

Insiders Place Their Bets

In other Morguard news, insider Sime Armoyan bought 300 shares of Morguard stock in a transaction on Tuesday, March 31st. The shares were purchased at an average cost of C$114.75 per share, with a total value of C$34,425.00. Following the acquisition, the insider directly owned 1,395,223 shares of the company’s stock, valued at C$160,101,839.25. The trade was a 0.02% increase in their position. Over the last 90 days, insiders have purchased 6,000 shares of company stock worth $689,875. Insiders own 72.99% of the company’s stock.

About Morguard

Morguard Corp is a real estate company that acquires, owns, and develops properties in Canada and the United States. The company operates through three business divisions: investments in real property, ownership in real estate investment trusts (including Morguard REIT and Morguard North American Residential REIT), and real estate advisory services and portfolio management. This advisory segment focuses on publicly traded equities and fixed-income securities for institutional clients and private investors.