Melcor Developments (TSE:MRD) Sets New 12-Month High – What’s Next?

Melcor Developments Ltd. (TSE:MRD)’s stock price reached a new 52-week high on Thursday . The stock traded as high as C$16.39 and last traded at C$16.32, with a volume of 2500 shares trading hands. The stock had previously closed at C$16.03.

Melcor Developments Price Performance

The stock has a market capitalization of C$491.09 million, a PE ratio of 8.49 and a beta of 0.62. The company has a debt-to-equity ratio of 53.41, a current ratio of 18.08 and a quick ratio of 2.65. The stock’s fifty day moving average is C$15.34 and its 200-day moving average is C$14.94.

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

Melcor Developments Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Monday, December 15th. Melcor Developments’s dividend payout ratio is presently 23.96%.

About Melcor Developments

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.