Melcor Developments (TSE:MRD – Get Free Report) announced its quarterly earnings data on Tuesday. The company reported C$0.59 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$60.42 million for the quarter. Melcor Developments had a return on equity of 7.14% and a net margin of 24.75%.
Melcor Developments Stock Performance
MRD opened at C$18.83 on Wednesday. Melcor Developments has a 1 year low of C$14.18 and a 1 year high of C$19.47. The company has a current ratio of 5.10, a quick ratio of 2.65 and a debt-to-equity ratio of 37.81. The stock has a market cap of C$564.32 million, a PE ratio of 6.28 and a beta of 0.44. The stock’s 50 day simple moving average is C$18.72 and its 200-day simple moving average is C$18.14.
Melcor Developments Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a $0.15 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.60 annualized dividend and a dividend yield of 3.2%. Melcor Developments’s dividend payout ratio (DPR) is presently 18.67%.
Insider Activity at Melcor Developments
In related news, Director Andrew John Melton purchased 3,800 shares of Melcor Developments stock in a transaction that occurred on Tuesday, September 29th. The shares were acquired at an average price of C$18.58 per share, for a total transaction of C$70,604.00. Following the transaction, the director directly owned 61,800 shares in the company, valued at approximately C$1,148,244. This represents a 6.55% increase in their ownership of the stock. Also, Director Ralph Barclay Young sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the completion of the transaction, the director owned 90,000 shares in the company, valued at C$1,575,000. This represents a 10.00% decrease in their ownership of the stock. 65.20% of the stock is owned by insiders.
About Melcor Developments
Melcor is a diversified real estate development and asset management company that transforms real estate from raw land through to high-quality finished product in both residential and commercial built form. Melcor develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centres and golf courses. Melcor owns a well diversified portfolio of assets in Alberta, Saskatchewan, British Columbia, Arizona and Colorado. Melcor has been focused on real estate since 1923.
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