Melcor Developments (TSE:MRD) Director Acquires C$70,604.00 in Stock

Melcor Developments Ltd. (TSE:MRD) Director Andrew John Melton bought 3,800 shares of the company’s stock in a transaction dated Tuesday, September 29th. The shares were acquired at an average price of C$18.58 per share, for a total transaction of C$70,604.00. Following the completion of the transaction, the director directly owned 61,800 shares in the company, valued at approximately C$1,148,244. This trade represents a 6.55% increase in their ownership of the stock.

Andrew John Melton also recently made the following trade(s):

• On Friday, September 25th, Andrew John Melton purchased 100 shares of Melcor Developments stock. The stock was acquired at an average price of C$18.58 per share, with a total value of C$1,858.00.

Melcor Developments Stock Performance

TSE MRD opened at C$18.88 on Friday. The stock has a market capitalization of C$566.14 million, a price-to-earnings ratio of 6.29 and a beta of 0.46. Melcor Developments Ltd. has a twelve month low of C$14.18 and a twelve month high of C$19.47. The company has a current ratio of 5.10, a quick ratio of 2.65 and a debt-to-equity ratio of 37.81. The stock has a 50-day moving average of C$18.65 and a 200 day moving average of C$18.47.

Melcor Developments (TSE:MRD) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$61.99 million for the quarter. Melcor Developments had a return on equity of 7.14% and a net margin of 24.75%. Sell-side analysts anticipate that Melcor Developments Ltd. will post 2.3613596 EPS for the current fiscal year.

Melcor Developments Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.2%. Melcor Developments’s dividend payout ratio (DPR) is 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.