Melcor Developments (TSE:MRD) Hits New 52-Week High – Should You Buy?

Melcor Developments Ltd. (TSE:MRD) shares reached a new 52-week high on Thursday . The stock traded as high as C$18.50 and last traded at C$18.50, with a volume of 15691 shares traded. The stock had previously closed at C$18.20.

Melcor Developments Stock Up 1.6%

The company has a debt-to-equity ratio of 43.27, a current ratio of 5.23 and a quick ratio of 2.65. The firm has a market capitalization of C$556.04 million, a P/E ratio of 9.69 and a beta of 0.40. The company’s 50-day simple moving average is C$17.54 and its two-hundred day simple moving average is C$16.02.

Melcor Developments (TSE:MRD) last released its quarterly earnings results on Tuesday, March 10th. The company reported C$1.05 earnings per share for the quarter. Melcor Developments had a net margin of 14.13% and a return on equity of 4.65%. The business had revenue of C$187.12 million for the quarter. As a group, research analysts expect that Melcor Developments Ltd. will post 2.3613596 earnings per share for the current year.

Melcor Developments Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a $0.15 dividend. The ex-dividend date was Friday, March 20th. This is a boost from Melcor Developments’s previous quarterly dividend of $0.13. This represents a $0.60 annualized dividend and a yield of 3.2%. Melcor Developments’s payout ratio is 25.13%.

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.