Melcor Developments (MRD) Stock Forecast, Price & News

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.

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.

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

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%.

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.

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.

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).

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

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

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.

The company employs 123 workers across the globe.

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.