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

Shares of Melcor Developments Ltd. (TSE:MRD) reached a new 52-week high during trading on Thursday . The stock traded as high as C$16.52 and last traded at C$16.33, with a volume of 2899 shares trading hands. The stock had previously closed at C$16.30.

Melcor Developments Price Performance

The company has a fifty day simple moving average of C$15.43 and a 200-day simple moving average of C$15.00. The company has a market cap of C$490.19 million, a P/E ratio of 8.48 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.

Melcor Developments (TSE:MRD) last announced its earnings results on Thursday, November 6th. The company reported C$0.46 earnings per share (EPS) for the quarter. Melcor Developments had a return on equity of 0.94% and a net margin of 3.77%.The company had revenue of C$72.54 million for the quarter. On average, sell-side analysts predict that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

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 $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.2%. Melcor Developments’s dividend payout ratio (DPR) is currently 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.