MCAN Mortgage Co. (MKP) Cut to “Underperform” at National Bank Financial

National Bank Financial lowered shares of MCAN Mortgage Co. (TSE:MKP) from a sector perform rating to an underperform rating in a report published on Tuesday. National Bank Financial currently has C$15.50 price objective on the stock.

MCAN Mortgage (MKP) opened at 16.93 on Tuesday. The company has a market cap of $394.52 million and a PE ratio of 10.30. The company has a 50-day moving average of $15.81 and a 200 day moving average of $15.00. MCAN Mortgage has a 12 month low of $13.10 and a 12 month high of $17.33.

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The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 15th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $1.28 annualized dividend and a yield of 7.56%. This is a positive change from MCAN Mortgage’s previous quarterly dividend of $0.28.

MCAN Mortgage Company Profile

MCAN Mortgage Corporation (MCAN) is a Canada-based loan company and mortgage investment corporation. The Company’s primary objective is to generate income by investing its corporate funds in a portfolio of mortgages (including single family residential, residential construction, non-residential construction and commercial loans), as well as other types of financial investments, loans and real estate investments.

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