MCAN Mortgage (TSE:MKP) Given a C$19.00 Price Target by Canaccord Genuity Group Analysts

Canaccord Genuity Group set a C$19.00 price objective on MCAN Mortgage (TSE:MKP) in a report published on Tuesday, BayStreet.CA reports. The firm currently has a buy rating on the stock.

MCAN Mortgage Trading Up 1.6 %

TSE MKP opened at C$18.68 on Tuesday. The firm’s 50 day moving average price is C$17.63 and its two-hundred day moving average price is C$16.62. The company has a debt-to-equity ratio of 373.58, a quick ratio of 1.97 and a current ratio of 1.97. MCAN Mortgage has a twelve month low of C$14.87 and a twelve month high of C$18.77. The stock has a market cap of C$712.64 million, a price-to-earnings ratio of 8.49 and a beta of 0.85.

MCAN Mortgage (TSE:MKP) last posted its quarterly earnings results on Monday, August 12th. The company reported C$0.52 earnings per share for the quarter. MCAN Mortgage had a return on equity of 14.76% and a net margin of 61.99%. Equities analysts anticipate that MCAN Mortgage will post 2.5108359 EPS for the current year.

MCAN Mortgage Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.56 annualized dividend and a yield of 8.35%. MCAN Mortgage’s dividend payout ratio is presently 70.91%.

About MCAN Mortgage

MCAN Mortgage Corporation operates as a loan and mortgage investment corporation in Canada. The company engages in the real estate lending and investing activities, including residential mortgage, residential construction, non-residential construction, and commercial loans, as well as portfolio of real estate investments trusts and private investment activities.