Melcor Developments (TSE:MRD) Sets New 1-Year High – What’s Next?

Melcor Developments Ltd. (TSE:MRD)’s share price hit a new 52-week high on Thursday . The company traded as high as C$16.39 and last traded at C$16.32, with a volume of 2500 shares traded. The stock had previously closed at C$16.03.

Melcor Developments Price Performance

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

Melcor Developments (TSE:MRD) last issued its earnings results on Thursday, November 6th. The company reported C$0.46 earnings per share for the quarter. Melcor Developments had a return on equity of 0.94% and a net margin of 3.77%.The firm had revenue of C$72.54 million for the quarter. As a group, sell-side analysts predict that Melcor Developments Ltd. will post 2.3613596 EPS for the current fiscal year.

Melcor Developments Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 annualized dividend and a yield of 3.2%. Melcor Developments’s dividend payout ratio (DPR) is 23.96%.

Melcor Developments Company Profile

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.