Shares of Melcor Developments Ltd. (TSE:MRD – Get Rating) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$11.43 and traded as high as C$11.89. Melcor Developments shares last traded at C$11.78, with a volume of 22,814 shares traded.
Analyst Ratings Changes
Separately, Royal Bank of Canada reduced their price objective on shares of Melcor Developments from C$15.00 to C$13.00 and set a “sector perform” rating for the company in a research report on Monday, November 14th.
Melcor Developments Stock Down 0.2 %
The stock’s 50-day simple moving average is C$10.89 and its 200-day simple moving average is C$11.43. The firm has a market capitalization of C$377.68 million and a P/E ratio of 4.01. The company has a current ratio of 12.49, a quick ratio of 2.65 and a debt-to-equity ratio of 62.04.
Melcor Developments Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Stockholders of record on Friday, December 30th were given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date was Wednesday, December 14th. Melcor Developments’s dividend payout ratio is currently 18.71%.
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, REIT, Investment Property, and Recreational Property segments. It develops, manages, and owns mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses.
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