Key Points
- Insider buying: Director Andrew John Melton purchased 3,800 Melcor Developments shares for approximately C$70,604, increasing his direct holdings by 6.55% to 61,800 shares. He also bought 100 shares several days earlier.
- Stock and financial performance: MRD recently traded at C$18.50, with a market capitalization of about C$554.7 million and a P/E ratio of 6.17. The company reported quarterly EPS of C$0.73 on revenue of C$61.99 million.
- Dividend: Melcor paid a quarterly dividend of C$0.15 per share, equivalent to C$0.60 annually and a yield of approximately 3.2%, with an 18.67% payout ratio.
Melcor Developments Ltd. (TSE:MRD - Get Free Report) Director Andrew John Melton acquired 3,800 shares of the company's stock in a transaction on Tuesday, September 29th. The shares were purchased at an average cost of C$18.58 per share, with a total value of C$70,604.00. Following the completion of 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 position.
Andrew John Melton also recently made the following trade(s):
- On Friday, September 25th, Andrew John Melton acquired 100 shares of Melcor Developments stock. The stock was acquired at an average price of C$18.58 per share, for a total transaction of C$1,858.00.
Melcor Developments Stock Performance
MRD stock opened at C$18.50 on Thursday. The company has a quick ratio of 2.65, a current ratio of 5.10 and a debt-to-equity ratio of 37.81. Melcor Developments Ltd. has a twelve month low of C$14.18 and a twelve month high of C$19.47. The company has a market cap of C$554.74 million, a P/E ratio of 6.17 and a beta of 0.46. The business's fifty day moving average is C$18.66 and its 200-day moving average is C$18.46.
Melcor Developments (TSE:MRD - Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$61.99 million during the quarter. Melcor Developments had a return on equity of 7.14% and a net margin of 24.75%. Equities research analysts forecast that Melcor Developments Ltd. will post 2.3613596 EPS for the current year.
Melcor Developments Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.15 per share. The ex-dividend date was Tuesday, September 15th. This represents a $0.60 annualized dividend and a yield of 3.2%. Melcor Developments's payout ratio is currently 18.67%.
About Melcor Developments
(
Get Free Report)
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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