Melcor Developments Ltd. (TSE:MRD)’s share price hit a new 52-week high on Tuesday . The company traded as high as C$12.53 and last traded at C$12.15, with a volume of 18463 shares traded. The stock had previously closed at C$12.05.
Separately, Royal Bank of Canada boosted their price objective on Melcor Developments from C$10.00 to C$12.50 and gave the company a “sector perform” rating in a research note on Tuesday, March 23rd.
The company has a debt-to-equity ratio of 63.29, a quick ratio of 1.05 and a current ratio of 6.69. The firm’s 50 day moving average price is C$10.66 and its two-hundred day moving average price is C$8.58. The company has a market cap of C$411.65 million and a P/E ratio of 36.59.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Thursday, March 25th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date was Wednesday, March 24th. This is a boost from Melcor Developments’s previous quarterly dividend of $0.08. Melcor Developments’s dividend payout ratio (DPR) is 100.00%.
About Melcor Developments (TSE:MRD)
Melcor Developments Ltd. operates as a real estate development company in the United States and Canada. The company operates through Community Development, Property Development, Investment Properties, REIT, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses.
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