Morguard (TSE:MRC) Announces Quarterly Earnings Results

Morguard (TSE:MRC) issued its quarterly earnings results on Thursday. The real estate investment trust reported C$2.33 earnings per share (EPS) for the quarter, FiscalAI reports. Morguard had a net margin of 17.41% and a return on equity of 4.90%. The company had revenue of C$278.02 million for the quarter.

Morguard Stock Down 0.7%

Shares of TSE:MRC traded down C$0.83 during trading on Thursday, hitting C$114.06. The company’s stock had a trading volume of 1,603 shares, compared to its average volume of 2,732. Morguard has a fifty-two week low of C$107.77 and a fifty-two week high of C$122.50. The business has a 50 day moving average price of C$116.61 and a two-hundred day moving average price of C$116.26. The company has a debt-to-equity ratio of 129.63, a quick ratio of 0.13 and a current ratio of 0.24. The company has a market capitalization of C$1.22 billion, a PE ratio of 5.39 and a beta of 0.33.

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.