Melcor Developments Ltd. (TSE:MRD – Get Free Report) Director Ralph Barclay Young sold 10,000 shares of the business’s stock in a transaction 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 sale, the director directly owned 90,000 shares of the company’s stock, valued at approximately C$1,575,000. The trade was a 10.00% decrease in their position.
Melcor Developments Trading Down 0.8%
TSE:MRD opened at C$18.50 on Thursday. The company has a debt-to-equity ratio of 37.81, a current ratio of 5.10 and a quick ratio of 2.65. The firm has a market capitalization of C$554.43 million, a price-to-earnings ratio of 6.17 and a beta of 0.57. Melcor Developments Ltd. has a one year low of C$14.18 and a one year high of C$19.47. The business has a fifty day moving average price of C$18.63 and a 200-day moving average price of C$18.49.
Melcor Developments (TSE:MRD – Get Free Report) last announced its earnings results on Thursday, August 13th. The company reported C$0.73 EPS for the quarter. The company had revenue of C$61.99 million for the quarter. Melcor Developments had a return on equity of 7.14% and a net margin of 24.75%. Sell-side analysts forecast that Melcor Developments Ltd. will post 2.36 EPS for the current year.
Melcor Developments Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were given a $0.15 dividend. The ex-dividend date was Tuesday, September 15th. This represents a $0.60 dividend on an annualized basis and a yield of 3.2%. Melcor Developments’s dividend payout ratio is presently 18.67%.
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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