Melcor Developments (TSE:MRD) Sets New 52-Week High – Time to Buy?

Melcor Developments Ltd. (TSE:MRD) shares reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.54 and last traded at C$16.50, with a volume of 18110 shares traded. The stock had previously closed at C$16.40.

Melcor Developments Stock Performance

The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41. The company has a market cap of C$505.55 million, a price-to-earnings ratio of 8.74 and a beta of 0.58. The stock has a 50 day moving average price of C$15.77 and a two-hundred day moving average price of C$15.23.

Melcor Developments Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 3.1%. Melcor Developments’s dividend payout ratio (DPR) is presently 23.96%.

Melcor Developments Company Profile

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.