Melcor Developments Ltd. (TSE:MRD – Get Free Report)’s stock price traded up 0.6% during mid-day trading on Wednesday. The company traded as high as C$19.12 and last traded at C$19.10. Approximately 1,962 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 8,010 shares. The stock had previously closed at C$18.98.
Melcor Developments Stock Up 0.7%
The business’s 50 day moving average is C$18.77 and its 200-day moving average is C$18.25. The company has a debt-to-equity ratio of 35.85, a quick ratio of 2.65 and a current ratio of 2.19. The firm has a market capitalization of C$573.63 million, a price-to-earnings ratio of 6.13 and a beta of 0.44.
Melcor Developments (TSE:MRD – Get Free Report) last announced its earnings results on Tuesday, November 3rd. The company reported C$0.59 EPS for the quarter. Melcor Developments had a net margin of 26.63% and a return on equity of 7.34%. The firm had revenue of C$60.42 million for the quarter. Equities analysts anticipate that Melcor Developments Ltd. will post 2.36 EPS for the current fiscal year.
Melcor Developments Announces Dividend
The firm 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 dividend on an annualized basis and a dividend yield of 3.1%. Melcor Developments’s payout ratio is presently 18.59%.
Insider Transactions at Melcor Developments
In related news, Director Ralph Barclay Young sold 10,000 shares of the stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of C$17.50, for a total transaction of C$175,000.00. Following the completion of the sale, the director owned 90,000 shares in the company, valued at C$1,575,000. This represents a 10.00% decrease in their position. Also, Director Andrew John Melton bought 3,800 shares of the stock in a transaction on Tuesday, September 29th. The stock was acquired at an average cost of C$18.58 per share, for a total transaction of C$70,604.00. Following the acquisition, the director directly owned 61,800 shares in the company, valued at approximately C$1,148,244. The trade was a 6.55% increase in their ownership of the stock. Insiders own 65.20% of the company’s stock.
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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