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 stock was sold at an average price of C$17.50, for a total value of C$175,000.00. Following the completion of the sale, the director owned 90,000 shares in the company, valued at approximately C$1,575,000. This represents a 10.00% decrease in their position.

Melcor Developments Stock Performance

Shares of TSE MRD traded down C$0.15 during midday trading on Tuesday, reaching C$18.65. 10,882 shares of the stock were exchanged, compared to its average volume of 8,230. The firm has a market cap of C$558.92 million, a price-to-earnings ratio of 6.22 and a beta of 0.57. Melcor Developments Ltd. has a twelve month low of C$14.18 and a twelve month high of C$19.47. The firm has a 50-day simple moving average of C$18.63 and a two-hundred day simple moving average of C$18.49. 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 (TSE:MRD) last posted its earnings results on Thursday, August 13th. The company reported C$0.73 earnings per share for the quarter. Melcor Developments had a net margin of 24.75% and a return on equity of 7.14%. The firm had revenue of C$61.99 million during the quarter. As a group, analysts anticipate that Melcor Developments Ltd. will post 2.36 EPS for the current fiscal year.

Melcor Developments Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given 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 dividend payout ratio (DPR) is currently 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.