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Madison Pacific Properties (TSE:MPC) Stock Price Up 2.2% - Still a Buy?

Madison Pacific Properties logo with Real Estate background

Key Points

  • Madison Pacific Properties (TSE:MPC) saw a stock price increase of 2.2% on Thursday, trading at C$5.21 after closing the previous day at C$5.10.
  • The company announced a dividend payout of $0.0525 to shareholders of record on August 25, with a negative dividend payout ratio of -14.19%.
  • Madison Pacific Properties specializes in real estate development and management of office, industrial, and commercial properties in Western Canada, and has a market cap of C$309.80 million.
  • Five stocks to consider instead of Madison Pacific Properties.

Madison Pacific Properties Inc. (TSE:MPC - Get Free Report)'s stock price shot up 2.2% on Thursday . The stock traded as high as C$5.21 and last traded at C$5.21. 1,301 shares changed hands during mid-day trading, a decline of 8% from the average session volume of 1,411 shares. The stock had previously closed at C$5.10.

Madison Pacific Properties Price Performance

The company has a debt-to-equity ratio of 73.53, a current ratio of 0.18 and a quick ratio of 0.43. The firm's 50 day moving average is C$5.28 and its two-hundred day moving average is C$5.09. The firm has a market capitalization of C$309.80 million, a P/E ratio of -7.04 and a beta of 0.12.

Madison Pacific Properties Dividend Announcement

The firm also recently declared a half year 25 dividend, which was paid on Wednesday, September 3rd. Shareholders of record on Monday, August 25th were issued a dividend of $0.0525 per share. Madison Pacific Properties's dividend payout ratio is -14.19%.

About Madison Pacific Properties

(Get Free Report)

Madison Pacific Properties Inc is a real estate company. It owns, develops, and operates office, industrial, and commercial real estate properties located in Western Canada. It also has investments in joint ventures that construct residential properties. The company has one reportable segment that being the Rental of Office, Industrial, Commercial, and multi-family real estate properties located in Canada.

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