Melcor Developments (TSE:MRD) Reaches New 12-Month High – Should You Buy?

Melcor Developments Ltd. (TSE:MRD) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$17.50 and last traded at C$17.50, with a volume of 17601 shares. The stock had previously closed at C$17.10.

Melcor Developments Stock Performance

The stock has a market capitalization of C$526.62 million, a P/E ratio of 9.11 and a beta of 0.63. The stock has a 50 day moving average of C$16.21 and a 200 day moving average of C$15.46. The company has a debt-to-equity ratio of 47.67, a quick ratio of 2.65 and a current ratio of 15.87.

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 issued a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, December 15th. Melcor Developments’s dividend payout ratio (DPR) is 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.