Melcor Developments (TSE:MRD) Reaches New 52-Week High at $12.46

Melcor Developments Ltd. (TSE:MRD) shares hit a new 52-week high during trading on Monday . The stock traded as high as C$12.46 and last traded at C$12.46, with a volume of 11829 shares. The stock had previously closed at C$11.82.

Melcor Developments Trading Up 5.4 %

The company’s 50 day moving average price is C$11.71 and its 200 day moving average price is C$11.57. The company has a market cap of C$381.03 million, a price-to-earnings ratio of 6.14 and a beta of 1.39. The company has a debt-to-equity ratio of 53.05, a quick ratio of 2.65 and a current ratio of 10.17.

Melcor Developments (TSE:MRD) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.42 earnings per share (EPS) for the quarter. The business had revenue of C$49.75 million during the quarter. Melcor Developments had a net margin of 19.98% and a return on equity of 5.01%. Research analysts anticipate that Melcor Developments Ltd. will post 2.2519084 EPS for the current year.

Melcor Developments Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 3.53%. The ex-dividend date of this dividend was Friday, June 14th. Melcor Developments’s dividend payout ratio (DPR) is presently 21.67%.

Melcor Developments Company Profile

Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Land, Properties, REIT, and Golf divisions. It develops, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.