Key Points
- Insider sale: Director Ralph Barclay Young sold 10,000 Melcor Developments shares at an average price of C$17.50, totaling C$175,000. His remaining stake fell 10% to 90,000 shares.
- Stock and financial profile: Melcor shares opened at C$18.65, with a market capitalization of approximately C$558.9 million, a P/E ratio of 6.22, and a 12-month trading range of C$14.18 to C$19.47.
- Latest results and dividend: The company reported quarterly EPS of C$0.73 on revenue of C$61.99 million and pays a quarterly dividend of C$0.15 per share, equivalent to a 3.2% annualized yield.
Melcor Developments Ltd. (TSE:MRD - Get Free Report) Director Ralph Barclay Young sold 10,000 shares of the firm's 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 sale, the director owned 90,000 shares of the company's stock, valued at approximately C$1,575,000. This trade represents a 10.00% decrease in their ownership of the stock.
Melcor Developments Price Performance
TSE MRD opened at C$18.65 on Wednesday. The firm's fifty day simple moving average is C$18.63 and its two-hundred day simple moving average is C$18.49. The company has a current ratio of 5.10, a quick ratio of 2.65 and a debt-to-equity ratio of 37.81. Melcor Developments Ltd. has a 12-month low of C$14.18 and a 12-month high of C$19.47. The firm has a market capitalization of C$558.92 million, a P/E ratio of 6.22 and a beta of 0.57.
Melcor Developments (TSE:MRD - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported C$0.73 earnings per share (EPS) for the quarter. Melcor Developments had a return on equity of 7.14% and a net margin of 24.75%. The business had revenue of C$61.99 million for the quarter. Analysts forecast that Melcor Developments Ltd. will post 2.36 EPS for the current fiscal year.
Melcor Developments Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.2%. The ex-dividend date was Tuesday, September 15th. Melcor Developments's payout ratio is 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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