Gordon James Clanachan Purchases 1,700 Shares of Melcor Developments Ltd. (MRD) Stock

Melcor Developments Ltd. (TSE:MRD) Director Gordon James Clanachan purchased 1,700 shares of the business’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average cost of C$13.46 per share, with a total value of C$22,882.00. Following the completion of the purchase, the director now directly owns 9,700 shares in the company, valued at C$130,562.

Shares of MRD traded down C$0.03 during midday trading on Friday, reaching C$13.37. 100 shares of the stock were exchanged, compared to its average volume of 4,264. Melcor Developments Ltd. has a 12-month low of C$12.01 and a 12-month high of C$15.95. The company has a debt-to-equity ratio of 58.36, a current ratio of 19.51 and a quick ratio of 3.19. The company has a market capitalization of $445.98 million and a PE ratio of 8.65.

Melcor Developments (TSE:MRD) last posted its quarterly earnings results on Wednesday, March 13th. The company reported C$1.09 earnings per share for the quarter. The firm had revenue of C$119.98 million for the quarter. On average, equities research analysts expect that Melcor Developments Ltd. will post 1.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Saturday, June 15th will be paid a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date is Thursday, June 13th. Melcor Developments’s dividend payout ratio (DPR) is presently 33.64%.

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Melcor Developments Company Profile

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 Property, REIT, and Recreational Property divisions. 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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