Melcor Developments Ltd. (TSE:MRD – Get Rating) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$11.43 and traded as high as C$11.89. Melcor Developments shares last traded at C$11.78, with a volume of 22,814 shares traded.
Analyst Ratings Changes
Separately, Royal Bank of Canada lowered their target price on shares of Melcor Developments from C$15.00 to C$13.00 and set a “sector perform” rating for the company in a report on Monday, November 14th.
Melcor Developments Stock Down 0.9 %
The business’s fifty day simple moving average is C$10.90 and its 200 day simple moving average is C$11.42. The company has a current ratio of 12.49, a quick ratio of 2.65 and a debt-to-equity ratio of 62.04. The stock has a market cap of C$368.70 million and a price-to-earnings ratio of 3.96.
Melcor Developments Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were given a dividend of $0.15 per share. The ex-dividend date was Wednesday, December 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.22%. Melcor Developments’s dividend payout ratio is 18.71%.
About Melcor Developments
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, REIT, Investment Property, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.
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