Melcor Developments Ltd. is a real estate development and asset management company. The Company develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers and golf courses. The Company's 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, which operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation of owned properties and property management of real estate investment trust (REIT) owned properties; the REIT, which is engaged in acquiring and owning leasable commercial and residential sites, and Recreational Properties, which owns and operates championship golf courses associated with its residential communities.
Industry, Sector and Symbol:
- Sector: Financial
- Industry: Real Estate Development
- Sub-Industry: N/A
- Symbol: TSE:MRD
- CUSIP: N/A
- Web: www.melcor.ca/
Capitalization:- Market Cap: C$512.01 million
- Outstanding Shares: 33,356,000
Average Prices:- 50 Day Moving Avg: C$14.90
- 200 Day Moving Avg: C$15.51
- 52 Week Range: C$12.16 - C$16.99
P/E:- Trailing P/E Ratio: 14.79
- P/E Growth: 0.00
Sales & Book Value:- Annual Revenue: C$255.35 million
- Price / Sales: 2.01
- Book Value: C$29.30 per share
- Price / Book: 0.52
Dividend:
Profitability:- EBIDTA: C$91.27 million
- Net Margins: 8.36%
- Return on Equity: 1.61%
- Return on Assets: 0.84%
Misc:- Average Volume: 3,216 shs.
- Short Ratio: 89.38
Frequently Asked Questions for Melcor Developments (TSE:MRD)
What is Melcor Developments' stock symbol?
Melcor Developments trades on the Tornton Stock Exchange (TSX) under the ticker symbol "MRD."
How often does Melcor Developments pay dividends? What is the dividend yield for Melcor Developments?
Melcor Developments declared a quarterly dividend on Thursday, August 10th. Stockholders of record on Friday, September 15th will be paid a dividend of 0.13 per share on Friday, September 29th. This represents a $0.52 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, September 14th. View Melcor Developments' Dividend History.
How were Melcor Developments' earnings last quarter?
Melcor Developments Ltd. (TSE:MRD) issued its earnings results on Tuesday, August, 11th. The company reported $0.09 earnings per share for the quarter. The company had revenue of $46.11 million for the quarter. Melcor Developments had a net margin of 8.36% and a return on equity of 1.61%. View Melcor Developments' Earnings History.
When will Melcor Developments make its next earnings announcement?
Where is Melcor Developments' stock going? Where will Melcor Developments' stock price be in 2017?
1 brokerages have issued 12-month price objectives for Melcor Developments' shares. Their forecasts range from C$16.00 to C$16.00. On average, they anticipate Melcor Developments' stock price to reach C$16.00 in the next year. View Analyst Ratings for Melcor Developments.
Who are some of Melcor Developments' key competitors?
Some companies that are related to Melcor Developments include DREAM Unlimited Corp (DRM), Alaris Royalty Corp. (AD), Guardian Capital Group (GCG), Callidus Capital Corp (CBL), Sprott (SII), Canaccord Genuity Group (CF), Atrium Mortgage Investment Corp (AI), MCAN Mortgage (MKP), Firm Capital Mortgage Investment Corp (FC), Countrywide PLC (CWD), Temple Hotels (TPH), Bay Banks of Virginia (BAYK), Forage Orbit Garant (OGD), Commercewest Bank Com (CWBK), Enterprise Group (E), Ageas SA (AGS), AMP Limited (AMP) and Assicurazioni Generali SpA (G).
Who are Melcor Developments' key executives?
Melcor Developments' management team includes the folowing people:
- Timothy C. Melton, Chairman of the Board
- Darin Anthony Rayburn, President, Chief Executive Officer
- Andrew J. Melton, Vice Chairman of the Board
- Naomi Marie Stefura, Interim Chief Financial Officer
- Allan Edward Scott, Lead Independent Director
- Ralph B. Young, Director
- Gordon J. Clanachan, Independent Director
- Ross A. Grieve, Independent Director
- Eric P. Newell, Independent Director
How do I buy Melcor Developments stock?
Shares of Melcor Developments and other Canadian stocks can be purchased through online brokerage accounts that support trading on the Toronto Stock Exchange (TSX). Brokers that permit trading on the TSX include Fidelity, Interactive Brokers, PennTrade and Charles Schwab.
What is Melcor Developments' stock price today?
One share of Melcor Developments stock can currently be purchased for approximately C$15.35.
MarketBeat Community Rating for Melcor Developments (TSE MRD)MarketBeat's community ratings are surveys of what our community members think about Melcor Developments and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Consensus Ratings for Melcor Developments (TSE:MRD) (How are Consensus Ratings Calculated?) MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
| Ratings Breakdown: | 1 Hold Rating |
| Consensus Rating: | Hold (Score: 2.00) |
| Consensus Price Target: | C$16.00 |
Analysts' Ratings History for Melcor Developments (TSE:MRD)
Show:
| Date | Firm | Action | Rating | Price Target | Details |
|---|
| 11/24/2016 | Royal Bank Of Canada | Reiterated Rating | Sector Perform | C$16.00 |  |
| 3/21/2016 | Laurentian Bank of Canada | Lower Price Target | | C$16.75 -> C$15.50 | |
(Data available from 9/21/2015 forward)
Earnings History for Melcor Developments (TSE:MRD)Earnings History by Quarter for Melcor Developments (TSE MRD)| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 11/8/2017 | | | | | | | | |
| 8/11/2015 | Q2 | | C$0.09 | | C$46.11 million | View | N/A | |
(Data available from 1/1/2011 forward)
Earnings Estimates for Melcor Developments (TSE:MRD)Current Year EPS Consensus Estimate: $1.15 EPS
Dividend History by Quarter for Melcor Developments (TSE MRD)| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 8/10/2017 | Quarterly | $0.13 | 3.56% | 9/14/2017 | 9/15/2017 | 9/29/2017 |
| 6/13/2017 | Quarterly | $0.13 | 3.25% | 6/13/2017 | 6/30/2017 | 6/30/2017 |
| 3/23/2017 | Quarterly | $0.13 | 3.32% | 3/23/2017 | 4/5/2017 | 4/5/2017 |
| 12/13/2016 | Quarterly | $0.12 | 3.44% | 12/13/2016 | 12/30/2016 | 12/30/2016 |
| 9/13/2016 | Quarterly | $0.12 | 3.34% | 9/13/2016 | 9/30/2016 | 9/30/2016 |
| 6/13/2016 | Quarterly | $0.12 | 3.34% | 6/13/2016 | 6/30/2016 | 6/30/2016 |
| 3/24/2016 | Quarterly | $0.12 | 3.44% | 3/24/2016 | 4/5/2016 | 4/5/2016 |
| 12/11/2015 | Quarterly | $0.15 | 4.03% | 12/11/2015 | 12/31/2015 | 12/31/2015 |
| 9/11/2015 | Quarterly | $0.15 | 3.96% | 9/11/2015 | 9/30/2015 | 9/30/2015 |
| 6/11/2015 | Quarterly | $0.15 | 3.2% | 6/11/2015 | 6/30/2015 | 6/30/2015 |
| 3/11/2015 | | $0.12 | 0.87% | 3/13/2015 | 3/17/2015 | 3/31/2015 |
| 12/11/2014 | | $0.30 | 1.41% | 12/11/2014 | 12/31/2014 | 12/31/2014 |
| 5/9/2014 | | $0.26 | 1.13% | 6/12/2014 | 6/16/2014 | 6/30/2014 |
| 12/13/2013 | | $0.25 | 1.3% | 12/13/2013 | 12/31/2013 | 12/31/2013 |
| 11/6/2013 | | $0.24 | | 12/13/2013 | 12/17/2013 | 12/31/2013 |
(Data available from 1/1/2013 forward)
Insider Trading and Institutional Ownership History for Melcor Developments (TSE:MRD)Insider Trades by Quarter for Melcor Developments (TSE:MRD)| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Details |
|---|
| 6/9/2017 | Darin Anthony Rayburn | Insider | Buy | 1,800 | C$15.67 | C$28,206.00 | |
| 4/8/2016 | Naomi Marie Stefura | Insider | Sell | 4,200 | C$14.60 | C$61,320.00 | |
| 4/7/2016 | Naomi Marie Stefura | Insider | Sell | 200 | C$14.60 | C$2,920.00 | |
| 11/14/2014 | Jesse Rudge | Insider | Sell | 1,100 | C$23.75 | C$26,125.00 | |
(Data available from 1/1/2013 forward)
Headline Trends for Melcor Developments (TSE:MRD)
Latest Headlines for Melcor Developments (TSE:MRD)
| Source: |
|
| Date | Headline |
|---|
 | Melcor Developments Ltd. : MRD-CA: Dividend Analysis : September 15th, 2017 (record date) : By the numbers : September 14, 2017
finance.yahoo.com - September 14 at 9:14 PM |
 | Melcor Developments Ltd. (MRD) Announces Quarterly Dividend of $0.13
www.americanbankingnews.com - September 9 at 2:16 PM |
 | Calgary Paves the Way for Melcor Developments Ltd. Revival
www.msn.com - September 4 at 7:39 PM |
| Melcor Developments Ltd. breached its 50 day moving average in a Bullish Manner : MRD-CA : August 28, 2017
finance.yahoo.com - August 28 at 3:15 PM |
 | Trading Close to a 50% Discount, This REIT Is a Strong Buy!
www.fool.ca - August 22 at 9:25 PM |
| Melcor Developments Ltd. :MRD-CA: Earnings Analysis: Q2, 2017 By the Numbers : August 18, 2017
finance.yahoo.com - August 19 at 2:27 AM |
| Melcor Developments Ltd. breached its 50 day moving average in a Bullish Manner : MRD-CA : August 16, 2017
finance.yahoo.com - August 17 at 4:46 AM |
| Melcor Developments announces second quarter results, declares quarterly dividend of $0.13
finance.yahoo.com - August 10 at 5:59 AM |
| Melcor Developments Ltd. :MRD-CA: Earnings Analysis: Q1, 2017 By the Numbers : August 3, 2017
finance.yahoo.com - August 4 at 5:25 AM |
| Melcor Developments Ltd. (MRD) to Release Earnings on Wednesday
www.americanbankingnews.com - August 2 at 7:54 AM |
| Melcor Developments Ltd. : MRD-CA: Dividend Analysis : June 15th, 2017 (record date) : By the numbers : June 14, 2017
finance.yahoo.com - June 14 at 10:25 PM |
| Melcor Developments Ltd. (MRD) to Issue Quarterly Dividend of $0.13
www.americanbankingnews.com - June 12 at 12:40 PM |
| Darin Anthony Rayburn Buys 1,800 Shares of Melcor Developments Ltd. (MRD) Stock
www.americanbankingnews.com - June 9 at 10:09 PM |
 | Canadian developer adds to West Valley holdings with $10M buy
www.bizjournals.com - May 25 at 4:46 AM |
| Melcor Developments Ltd. breached its 50 day moving average in a Bearish Manner : MRD-CA : May 17, 2017
finance.yahoo.com - May 17 at 9:12 AM |
| Melcor Developments announces first quarter results, declares quarterly dividend of $0.13
finance.yahoo.com - May 10 at 12:15 PM |
| Melcor Developments Ltd. breached its 50 day moving average in a Bearish Manner : MRD-CA : May 4, 2017
finance.yahoo.com - May 4 at 11:34 AM |
| Melcor Developments Ltd. announces AGM Director Voting Results
finance.yahoo.com - April 26 at 11:41 PM |
 | Dominion Diamond at 52-week high on Buyout News
www.baystreet.ca - March 20 at 4:48 PM |
| Melcor Developments Ltd. (MRD) Announces Quarterly Dividend of C$0.13
www.americanbankingnews.com - March 18 at 7:16 AM |
| Melcor Developments announces 2016 results, declares quarterly dividend of $0.13 per share
finance.yahoo.com - March 15 at 6:49 PM |
| Melcor Developments announces changes to executive team
finance.yahoo.com - March 15 at 6:49 PM |
| Revealed: 10 of the Cheapest Stocks in Canada - The Motley Fool Canada
www.fool.ca - December 31 at 9:11 AM |
| Melcor Developments announces third quarter results and declares quarterly dividend of $0.12
finance.yahoo.com - November 9 at 6:06 PM |
 | Melcor Has Limited Downside And Upside From A Potential Cyclical Turn
seekingalpha.com - November 4 at 5:40 PM |
| Melcor Developments Announces Second Quarter Results, Declares Quarterly Dividend of $0.12 and Appoints Chief Financial Officer
finance.yahoo.com - August 11 at 9:28 AM |
| Melcor Announces Resignation of Chief Financial Officer
finance.yahoo.com - June 23 at 6:00 PM |
| Melcor Developments Announces First Quarter Results, Declares Quarterly Dividend of $0.12
finance.yahoo.com - May 11 at 7:00 PM |
 | MRD Crosses Above 5% Yield Territory
www.thestreet.com - January 20 at 5:18 PM |
| Melcor Developments Ltd. Announces Normal Course Issuer Bid
finance.yahoo.com - March 27 at 8:00 AM |
| Melcor Developments Announces Ex-Dividend Date on March Dividend
finance.yahoo.com - March 17 at 1:00 PM |
| Melcor Developments Announces 2014 Results, Declares Quarterly Dividend of $0.15
finance.yahoo.com - March 11 at 5:30 PM |
Melcor Developments (MRD) Chart for Thursday, September, 21, 2017
