Melcor Developments (TSE:MRD) Sets New 12-Month High – Here’s Why

Melcor Developments Ltd. (TSE:MRD)’s share price reached a new 52-week high during mid-day trading on Thursday . The company 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 Stock Up 1.7%

The firm’s 50 day moving average price is C$15.28 and its 200-day moving average price is C$14.92. The company has a current ratio of 18.08, a quick ratio of 2.65 and a debt-to-equity ratio of 53.41. The company has a market cap of C$490.79 million, a P/E ratio of 8.49 and a beta of 0.62.

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

Melcor Developments Dividend Announcement

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