TSE:MRD Melcor Developments (MRD) Stock Forecast, Price & News C$12.16 -0.06 (-0.49%) (As of 09/21/2023 ET) Add Compare Share Share Today's RangeC$12.16▼C$12.2250-Day RangeC$11.29▼C$12.2552-Week RangeC$9.76▼C$12.32Volume2,117 shsAverage Volume6,491 shsMarket CapitalizationC$375.99 millionP/E Ratio4.61Dividend Yield5.26%Price TargetC$14.00 ProfileProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial MediaProfileAnalyst RatingsChartCompetitorsDividendEarningsInsider TradesHeadlinesSocial Media Melcor Developments MarketRank™ ForecastAnalyst RatingHold2.00 Rating ScoreUpside/Downside15.1% UpsideC$14.00 Price TargetShort InterestN/ADividend StrengthModerateBased on Four FactorsSustainabilityN/ANews SentimentN/AInsider TradingSelling SharesC$18,086 Sold Last QuarterProj. Earnings GrowthN/ASee Full Details Hide Full Details 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 2.0 Analyst's Opinion Consensus RatingMelcor Developments has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$14.00, Melcor Developments has a forecasted upside of 15.1% from its current price of C$12.16.Amount of Analyst CoverageMelcor Developments has received no research coverage in the past 90 days. Previous Next N/A Short Interest Short InterestThere is no current short interest data available for MRD. Previous Next 2.5 Dividend Strength Dividend LeadershipMelcor Developments is a leading dividend payer. It pays a dividend yield of 5.32%, putting its dividend yield in the top 25% of dividend-paying stocks.Dividend GrowthMelcor Developments does not have a long track record of dividend growth.Dividend CoverageThe dividend payout ratio of Melcor Developments is 24.24%. This payout ratio is at a healthy, sustainable level, below 75%. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for MRD. Previous Next 2.0 News and Social Media Coverage News SentimentMelcor Developments has a news sentiment score of 0.67. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Real Estate companies.News Coverage This WeekMarketBeat has tracked 1 news article for Melcor Developments this week, compared to 0 articles on an average week. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Melcor Developments insiders have sold more of their company's stock than they have bought. Specifically, they have bought C$0.00 in company stock and sold C$18,086.00 in company stock.Percentage Held by Insiders63.44% of the stock of Melcor Developments is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by InstitutionsOnly 11.04% of the stock of Melcor Developments is held by institutions. Previous Next 1.9 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Melcor Developments is 4.61, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.58.Price to Earnings Ratio vs. SectorThe P/E ratio of Melcor Developments is 4.61, which means that it is trading at a less expensive P/E ratio than the Real Estate sector average P/E ratio of about 137.44.Price to Book Value per Share RatioMelcor Developments has a P/B Ratio of 0.32. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Melcor Developments (TSE:MRD) StockMelcor 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.Read More MRD Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart MRD Stock News HeadlinesSeptember 20, 2023 | americanbankingnews.comMelcor Developments (TSE:MRD) Share Price Passes Above 200 Day Moving Average of $11.60September 12, 2023 | americanbankingnews.comMelcor Developments (TSE:MRD) Stock Passes Above Two Hundred Day Moving Average of $11.59September 21, 2023 | Behind the Markets (Ad)Laser breakthrough could send stock soaring 2,467%Laser breakthrough could send stock soaring 2,476% Whenever the military develops a breakthrough technology, timely investors could see groundbreaking returns. General Dynamics returned 8,990%... Boeing soared 4,238%... L3Harris shot up 1,628%...August 24, 2023 | theglobeandmail.comMelcor Developments: Top 10 Undervalued Real Estate Sector Stocks on TSX (MRD)August 11, 2023 | finanznachrichten.deMelcor Developments Ltd.: Melcor Developments announces second quarter results, declares quarterly dividend of $0.16 per shareAugust 11, 2023 | finance.yahoo.comMelcor Developments announces second quarter results, declares quarterly dividend of $0.16 per shareJuly 29, 2023 | finance.yahoo.comWhile individual investors own 20% of Melcor Developments Ltd. (TSE:MRD), private companies are its largest shareholders with 51% ownershipJune 22, 2023 | msn.comJUST RELEASED: 3 TSX Dividend Stocks on Sale Now [PREMIUM PICKS]September 21, 2023 | Behind the Markets (Ad)BREAKING: Tiny biotech successfully treats blindnessThere's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.June 15, 2023 | ca.finance.yahoo.comMRD.TO - Melcor Developments Ltd.June 9, 2023 | finance.yahoo.comOnly Four Days Left To Cash In On Melcor Developments' (TSE:MRD) DividendMay 11, 2023 | finanznachrichten.deMelcor Developments Ltd.: Melcor Developments announces first quarter results, declares quarterly dividend of $0.16 per shareMay 11, 2023 | msn.comMelcor Developments Ltd. declares CAD 0.16 dividendMay 10, 2023 | finance.yahoo.comMelcor Developments announces first quarter results, declares quarterly dividend of $0.16 per shareApril 26, 2023 | finance.yahoo.comMelcor announces election of directorsApril 1, 2023 | finance.yahoo.comThose who invested in Melcor Developments (TSE:MRD) three years ago are up 92%March 19, 2023 | seekingalpha.comMelcor Developments GAAP EPS of $1.15, revenue of $76.26MMarch 18, 2023 | finance.yahoo.comMelcor Developments Full Year 2022 Earnings: EPS: CA$2.75 (vs CA$1.70 in FY 2021)March 17, 2023 | finanznachrichten.deMelcor Developments Ltd.: Melcor Developments announces results for 2022, declares $0.16 per share dividend and appoints Naomi Stefura as COOMarch 16, 2023 | finance.yahoo.comMelcor Developments announces results for 2022, declares $0.16 per share dividend and appoints Naomi Stefura as COOMarch 8, 2023 | finance.yahoo.comIf EPS Growth Is Important To You, Melcor Developments (TSE:MRD) Presents An OpportunityFebruary 19, 2023 | finance.yahoo.comPrivate companies account for 51% of Melcor Developments Ltd.'s (TSE:MRD) ownership, while individual investors account for 21%January 23, 2023 | finance.yahoo.comMelcor Developments Ltd. (TSE:MRD) insiders placed bullish bets worth CA$1.8m in the last 12 monthsDecember 24, 2022 | finance.yahoo.comIs It Time To Consider Buying Melcor Developments Ltd. (TSE:MRD)?December 23, 2022 | finance.yahoo.comMelcor announces that it has completed allowable purchases under its NCIBNovember 8, 2022 | finance.yahoo.comMelcor Developments announces third quarter results, declares quarterly dividend of $0.15 per shareOctober 12, 2022 | finance.yahoo.comShareholders in Melcor Developments (TSE:MRD) are in the red if they invested five years agoSee More Headlines Receive MRD Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Melcor Developments and its competitors with MarketBeat's FREE daily newsletter. Email Address MRD Company Calendar Ex-Dividend for 6/30 Dividend6/14/2023Dividend Payable6/30/2023Last Earnings8/10/2023Ex-Dividend for 9/29 Dividend9/14/2023Today9/21/2023Dividend Payable9/29/2023Next Earnings (Estimated)11/14/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeTSE Industry Real Estate—Development Sub-IndustryN/A SectorReal Estate Current SymbolTSE:MRD CUSIPN/A CIKN/A Webwww.melcor.ca Phone+1-780-4236931FaxN/AEmployees123Year FoundedN/APrice Target and Rating Average Stock Price ForecastC$14.00 High Stock Price ForecastC$14.00 Low Stock Price ForecastC$14.00 Forecasted Upside/Downside+15.1%Consensus RatingHold Rating Score (0-4)2.00 Research Coverage1 Analysts Profitability EPS (Most Recent Fiscal Year)C$2.64 Trailing P/E Ratio4.61 Forward P/E Ratio5.29 P/E GrowthN/ANet IncomeC$84.76 million Net Margins35.51% Pretax MarginN/A Return on Equity6.89% Return on Assets2.84% Debt Debt-to-Equity Ratio56.13 Current Ratio11.50 Quick Ratio2.65 Sales & Book Value Annual SalesC$238.72 million Price / Sales1.58 Cash FlowC$3.09 per share Price / Cash Flow3.93 Book ValueC$38.32 per share Price / Book0.32Miscellaneous Outstanding Shares30,920,000Free FloatN/AMarket CapC$375.99 million OptionableNot Optionable Beta1.35 Metaverse Stocks And Why You Can't Ignore ThemThinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.Get This Free Report Key ExecutivesMr. Timothy Charles MeltonCEO & Exec. ChairmanMs. Naomi Marie Stefura C.A.CA, COO, CFO & Sec.Ms. Nicole ForsytheDirector of Corp. CommunicationMr. Jarett ThompsonVice-Pres of New Leasing & SalesMr. Brett A. HalfordVice-Pres of Recreational PropertiesMr. Ryan MottRegional Mang. of USAMs. Leah MargiottaVice-Pres of Property Devel.More ExecutivesKey CompetitorsGenesis Land DevelopmentTSE:GDCWall FinancialTSE:WFCDream UnlimitedTSE:DRMDream Office Real Estate Investment TrstTSE:D.UNMorguard Real Estate Inv.TSE:MRT.UNView All CompetitorsInsidersGuy PelletierSold 1,500 sharesTotal: C$18,085.95 ($12.06/share)Andrew John MeltonBought 167 shares on 1/30/2023Total: C$2,099.19 ($12.57/share)Susan KeatingBought 149 shares on 1/30/2023Total: C$1,913.16 ($12.84/share)Guy PelletierSold 1,000 sharesTotal: C$11,550.00 ($11.55/share)View All Insider Transactions 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? Based on aggregate information from My MarketBeat watchlists, some companies that other Melcor Developments investors own include Royal Bank of Canada (RY), Allied Properties Real Estate Investment (AP.UN), Artis Real Estate Investment Trust Unit (AX.UN), Boardwalk REIT (BEI.UN), Bank of Montreal (BMO), Bank of Nova Scotia (BNS), Canadian Apartment Properties REIT (CAR.UN), Cisco Systems (CSCO) and Cominar REIT (CUF.UN). 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 Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Melcor Developments Ltd. Please log in to your account or sign up in order to add this asset to your watchlist. 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