Melcor Developments (TSE:MRD) Reaches New 1-Year High – Time to Buy?

Melcor Developments Ltd. (TSE:MRD) reached a new 52-week high during trading on Tuesday . The company traded as high as C$16.97 and last traded at C$16.71, with a volume of 3261 shares traded. The stock had previously closed at C$16.76.

Melcor Developments Price Performance

The company has a debt-to-equity ratio of 53.41, a quick ratio of 2.65 and a current ratio of 18.08. The firm has a market capitalization of C$504.94 million, a price-to-earnings ratio of 8.73 and a beta of 0.58. The company has a 50-day moving average of C$15.82 and a 200-day moving average of C$15.28.

Melcor Developments Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were paid a $0.13 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.52 dividend on an annualized basis and a yield of 3.1%. Melcor Developments’s dividend payout ratio is presently 23.96%.

About Melcor Developments

Melcor Developments Ltd is a real estate development and asset management company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions include Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.