Morguard (TSE:MRC) Issues Earnings Results

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

Morguard Stock Down 0.7%

Morguard stock opened at C$114.06 on Friday. The firm has a market capitalization of C$1.22 billion, a P/E ratio of 5.39 and a beta of 0.33. The company has a 50-day simple moving average of C$116.60 and a 200-day simple moving average of C$116.24. Morguard has a one year low of C$107.77 and a one year high of C$122.50. The company has a debt-to-equity ratio of 129.63, a quick ratio of 0.13 and a current ratio of 0.24.

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.