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TSE:MRD

Melcor Developments (MRD) Stock Forecast, Price & News

C$12.16
-0.06 (-0.49%)
(As of 09/21/2023 ET)
Compare
Today's Range
C$12.16
C$12.22
50-Day Range
C$11.29
C$12.25
52-Week Range
C$9.76
C$12.32
Volume
2,117 shs
Average Volume
6,491 shs
Market Capitalization
C$375.99 million
P/E Ratio
4.61
Dividend Yield
5.26%
Price Target
C$14.00

Melcor Developments MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
15.1% Upside
C$14.00 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
C$18,086 Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.10 out of 5 stars


MRD stock logo

About Melcor Developments (TSE:MRD) Stock

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, owns, and manages mixed-use residential communities, business and industrial parks, office buildings, retail centers, and golf courses. The company also purchases and develops land to be sold as residential, industrial, and commercial lots; develops and leases retail, office, industrial, and multi-family properties; and owns and leases commercial, retail, and residential properties, as well as parking lots and land. It also owns and manages three 18-hole golf courses. Melcor Developments Ltd. was founded in 1923 and is headquartered in Edmonton, Canada.

MRD Price History

MRD Stock News Headlines

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MRD.TO - Melcor Developments Ltd.
Melcor announces election of directors
See More Headlines
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MRD Company Calendar

Ex-Dividend for 6/30 Dividend
6/14/2023
Dividend Payable
6/30/2023
Last Earnings
8/10/2023
Ex-Dividend for 9/29 Dividend
9/14/2023
Today
9/21/2023
Dividend Payable
9/29/2023
Next Earnings (Estimated)
11/14/2023

Industry, Sector and Symbol

Industry
Real Estate—Development
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
123
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$14.00
High Stock Price Forecast
C$14.00
Low Stock Price Forecast
C$14.00
Forecasted Upside/Downside
+15.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 Analysts

Profitability

Net Income
C$84.76 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$238.72 million
Cash Flow
C$3.09 per share
Book Value
C$38.32 per share

Miscellaneous

Free Float
N/A
Market Cap
C$375.99 million
Optionable
Not Optionable
Beta
1.35
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Key Executives

  • Mr. Timothy Charles Melton
    CEO & Exec. Chairman
  • Ms. Naomi Marie Stefura C.A.
    CA, COO, CFO & Sec.
  • Ms. Nicole Forsythe
    Director of Corp. Communication
  • Mr. Jarett Thompson
    Vice-Pres of New Leasing & Sales
  • Mr. Brett A. Halford
    Vice-Pres of Recreational Properties
  • Mr. Ryan Mott
    Regional Mang. of USA
  • Ms. Leah Margiotta
    Vice-Pres of Property Devel.













MRD Stock - Frequently Asked Questions

Should I buy or sell Melcor Developments stock right now?

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Melcor Developments in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" MRD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRD, but not buy additional shares or sell existing shares.
View MRD analyst ratings
or view top-rated stocks.

What is Melcor Developments' stock price forecast for 2023?

1 analysts have issued 12 month price targets for Melcor Developments' stock. Their MRD share price forecasts range from C$14.00 to C$14.00. On average, they expect the company's stock price to reach C$14.00 in the next year. This suggests a possible upside of 15.1% from the stock's current price.
View analysts price targets for MRD
or view top-rated stocks among Wall Street analysts.

How have MRD shares performed in 2023?

Melcor Developments' stock was trading at C$10.65 on January 1st, 2023. Since then, MRD shares have increased by 14.2% and is now trading at C$12.16.
View the best growth stocks for 2023 here
.

When is Melcor Developments' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our MRD earnings forecast
.

How were Melcor Developments' earnings last quarter?

Melcor Developments Ltd. (TSE:MRD) announced its quarterly earnings data on Thursday, August, 10th. The company reported $0.69 EPS for the quarter. The firm earned $65.25 million during the quarter. Melcor Developments had a net margin of 35.51% and a trailing twelve-month return on equity of 6.89%.

How often does Melcor Developments pay dividends? What is the dividend yield for Melcor Developments?

Melcor Developments declared a quarterly dividend on Thursday, September 14th. Stockholders of record on Friday, September 29th will be paid a dividend of 0.16 per share on Friday, September 29th. This represents a $0.64 annualized dividend and a dividend yield of 5.26%. The ex-dividend date of this dividend is Thursday, September 14th.
Read our dividend analysis for MRD
.

Is Melcor Developments a good dividend stock?

Melcor Developments (TSE:MRD) pays an annual dividend of C$0.64 per share and currently has a dividend yield of 5.32%. MRD has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 24.24%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for MRD.

What other stocks do shareholders of Melcor Developments own?
What is Melcor Developments' stock symbol?

Melcor Developments trades on the Toronto Stock Exchange (TSX) under the ticker symbol "MRD."

How do I buy shares of Melcor Developments?

Shares of MRD stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Melcor Developments' stock price today?

One share of MRD stock can currently be purchased for approximately C$12.16.

How much money does Melcor Developments make?

Melcor Developments (TSE:MRD) has a market capitalization of C$375.99 million and generates C$238.72 million in revenue each year. The company earns C$84.76 million in net income (profit) each year or C$2.64 on an earnings per share basis.

How many employees does Melcor Developments have?

The company employs 123 workers across the globe.

How can I contact Melcor Developments?

Melcor Developments' mailing address is 10310 Jasper Ave NW Suite 900, EDMONTON, AB T5J 1Y8, Canada. The official website for the company is www.melcor.ca. The company can be reached via phone at +1-780-4236931.

This page (TSE:MRD) was last updated on 9/21/2023 by MarketBeat.com Staff

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