Melcor Developments (TSE:MRD) Sets New 12-Month High – Here’s Why

Shares of Melcor Developments Ltd. (TSE:MRDGet Free Report) reached a new 52-week high during mid-day trading on Friday . The company traded as high as C$15.60 and last traded at C$15.53, with a volume of 16748 shares trading hands. The stock had previously closed at C$15.40.

Melcor Developments Stock Up 1.2%

The company has a market cap of C$469.41 million, a PE ratio of 8.12 and a beta of 0.62. The firm has a 50-day simple moving average of C$15.21 and a two-hundred day simple moving average of C$14.88. The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65.

Melcor Developments (TSE:MRDGet Free Report) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$0.46 earnings per share (EPS) for the quarter. The business had revenue of C$72.54 million for the quarter. Melcor Developments had a return on equity of 0.94% and a net margin of 3.77%. Research analysts anticipate that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current fiscal year.

Melcor Developments Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.13 per share. The ex-dividend date was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.3%. Melcor Developments’s payout ratio is 23.96%.

About Melcor Developments

(Get Free Report)

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.

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