Morguard (TSE:MRC) Reaches New 1-Year High – Here’s What Happened

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

Morguard Trading Up 1.4%

The company has a debt-to-equity ratio of 38.17, a current ratio of 0.21 and a quick ratio of 0.13. The company has a market cap of C$1.30 billion, a price-to-earnings ratio of 7.47 and a beta of 0.14. The business has a 50 day simple moving average of C$116.53 and a 200 day simple moving average of C$116.14.

Morguard (TSE:MRC) last posted its quarterly earnings data on Tuesday, May 5th. The real estate investment trust reported C$5.48 EPS for the quarter. The company had revenue of C$270.46 million for the quarter. Morguard had a return on equity of 3.99% and a net margin of 15.75%. As a group, equities analysts forecast that Morguard Co. will post 26.1506276 EPS for the current year.

Insider Buying and Selling

In other Morguard news, insider Sime Armoyan acquired 5,500 shares of Morguard stock in a transaction on Tuesday, March 17th. The shares were bought at an average price of C$115.00 per share, with a total value of C$632,500.00. Following the completion of the purchase, the insider owned 1,390,223 shares in the company, valued at C$159,875,645. This trade represents a 0.40% increase in their ownership of the stock. Insiders acquired a total of 6,000 shares of company stock valued at $689,875 over the last quarter. 72.99% of the stock is currently owned by insiders.

Morguard Company Profile

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.