Melcor Developments (TSE:MRD) Director Ralph Barclay Young Sells 10,000 Shares of Stock

Melcor Developments Ltd. (TSE:MRD) Director Ralph Barclay Young sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the transaction, the director owned 90,000 shares in the company, valued at approximately C$1,575,000. This represents a 10.00% decrease in their ownership of the stock.

Melcor Developments Stock Performance

Shares of MRD stock opened at C$18.65 on Wednesday. The firm has a market cap of C$558.92 million, a price-to-earnings ratio of 6.22 and a beta of 0.57. The company’s 50 day moving average is C$18.63 and its 200 day moving average is C$18.49. The company has a quick ratio of 2.65, a current ratio of 5.10 and a debt-to-equity ratio of 37.81. Melcor Developments Ltd. has a 52-week low of C$14.18 and a 52-week high of C$19.47.

Melcor Developments (TSE:MRD) last posted its earnings results on Thursday, August 13th. The company reported C$0.73 earnings per share for the quarter. The company had revenue of C$61.99 million during the quarter. Melcor Developments had a return on equity of 7.14% and a net margin of 24.75%. On average, sell-side analysts anticipate that Melcor Developments Ltd. will post 2.36 EPS for the current fiscal year.

Melcor Developments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, September 15th. Melcor Developments’s payout ratio is presently 18.67%.

About Melcor Developments

Melcor is a diversified real estate development and asset management company that transforms real estate from raw land through to high-quality finished product in both residential and commercial built form. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor owns a well diversified portfolio of assets in Alberta, Saskatchewan, British Columbia, Arizona and Colorado. Melcor has been focused on real estate since 1923.