Melcor Developments (TSE:MRD) Director Sells C$175,000.00 in Stock

Melcor Developments Ltd. (TSE:MRD) Director Ralph Barclay Young sold 10,000 shares of the company’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 value of C$175,000.00. Following the sale, the director owned 90,000 shares in the company, valued at C$1,575,000. The trade was a 10.00% decrease in their position.

Melcor Developments Stock Performance

Shares of MRD opened at C$18.55 on Friday. The business’s fifty day moving average price is C$18.64 and its 200 day moving average price is C$18.50. The company has a debt-to-equity ratio of 37.81, a current ratio of 5.10 and a quick ratio of 2.65. Melcor Developments Ltd. has a 12-month low of C$14.18 and a 12-month high of C$19.47. The stock has a market capitalization of C$555.92 million, a PE ratio of 6.18 and a beta of 0.57.

Melcor Developments (TSE:MRD) last posted 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 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 2.36 EPS for the current year.

Melcor Developments Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date was Tuesday, September 15th. Melcor Developments’s dividend payout ratio is presently 18.67%.

Melcor Developments Company Profile

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.