Melcor Developments (TSE:MRD) Sets New 12-Month High at $13.18

Melcor Developments Ltd. (TSE:MRD) shares hit a new 52-week high on Friday . The stock traded as high as C$13.18 and last traded at C$13.10, with a volume of 2870 shares. The stock had previously closed at C$12.95.

Melcor Developments Stock Performance

The stock’s fifty day simple moving average is C$12.25 and its 200-day simple moving average is C$11.79. The company has a market capitalization of C$396.24 million, a price-to-earnings ratio of 5.29 and a beta of 1.40. The company has a current ratio of 12.79, a quick ratio of 2.65 and a debt-to-equity ratio of 51.55.

Melcor Developments (TSE:MRD) last released its earnings results on Tuesday, August 6th. The company reported C$0.76 EPS for the quarter. The firm had revenue of C$69.71 million during the quarter. Melcor Developments had a return on equity of 5.96% and a net margin of 22.59%. Analysts predict that Melcor Developments Ltd. will post 2.3183521 EPS for the current year.

Melcor Developments Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a $0.11 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.44 annualized dividend and a yield of 3.38%. Melcor Developments’s dividend payout ratio (DPR) is 17.96%.

About Melcor Developments

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.