Melcor Developments (TSE:MRD) Reaches New 1-Year High – Here’s What Happened

Shares of Melcor Developments Ltd. (TSE:MRD) reached a new 52-week high on Tuesday . The company traded as high as C$19.47 and last traded at C$19.47, with a volume of 3034 shares trading hands. The stock had previously closed at C$18.81.

Melcor Developments Trading Up 3.5%

The company has a market cap of C$583.83 million, a P/E ratio of 7.76 and a beta of 0.44. The company has a current ratio of 4.21, a quick ratio of 2.65 and a debt-to-equity ratio of 39.23. The business has a 50 day moving average price of C$18.37 and a 200-day moving average price of C$17.73.

Melcor Developments (TSE:MRD) last released its quarterly earnings data on Thursday, May 7th. The company reported C$0.76 EPS for the quarter. The company had revenue of C$45.37 million during the quarter. Melcor Developments had a return on equity of 6.06% and a net margin of 18.80%. Analysts forecast that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current fiscal year.

Melcor Developments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a $0.15 dividend. The ex-dividend date was Monday, June 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.1%. Melcor Developments’s dividend payout ratio (DPR) is currently 20.72%.

Melcor Developments Company Profile

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.