Melcor Developments Ltd (MRD-T)
TSE:MRD
12.00
Financials
Technical Analysis
Buy, Sell or Hold?
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Melcor Developments Ltd (MRD-T) has recently garnered attention from Stockchase Research Editor Michael O’Reilly, who provided insights on the stock’s performance in two separate reviews. In the review dated November 23, 2023, it was noted that MRD had triggered a stop loss at $12, suggesting investors should cover their positions to maintain discipline, resulting in a net investment loss of 4%. Conversely, a prior review on November 14, 2023, indicated an encouraging trend, as the stock was reported to be up 11.5%, prompting a recommended trailing stop adjustment from $10.75 to $12.00. Clearly, there are mixed signals regarding MRD’s market trajectory, indicating the need for careful monitoring and strategic decision-making from investors. The contrast in these reviews reflects both the potential for gain and the risks involved.
We reiterate MRD as a TOP PICK. Despite a challenging environment with inflation and high interest rates, the company is seeing good development in the Calgary marketplace and in Colorado. Recent quarterly earnings showed cash reserves growing once again, with debt being retired and shares bought back. It trades at 5x earnings and under book value. The dividend is covered by a payout ratio under 25% of cash flow. We continue to recommend a stop at $10.75, looking to achieve $14.00 -- upside potential of 21%. Yield 5.4%
(Analysts’ price target is $14.00)Following quarterly reported funds from operations increasing 47%, we reiterate Alberta based real estate developer MRD as a TOP PICK. The company is shedding assets to allow it to focus on Alberta projects. Cash reserves are growing, while debt is retired and stock bought back. It pays a good yield, backed by a payout ratio under 25% of cash flow. We recommend trailing up the stop (from $10.25) to $10.75, looking to achieve $14 -- upside potential of 16%. Yield 5.1%
(Analysts’ price target is $14.00)We again reiterate this Western Canadian real estate developer as a TOP PICK. Higher interest rates are challenging in the sector, but the company continues to increase cash reserves, while aggressively reducing debt and buying back shares. It trades at 5x earnings and under book value. The dividend is backed by a payout ratio under 25% of cash flow. We recommend trailing up the stop (from $9.50) to $10.25, looking to achieve $14 -- upside potential of 21%. Yield 5.2%
(Analysts’ price target is $14.00)We reiterate MRD as a TOP PICK. Latest reported earnings met expectations, but were down on the year reflecting reduced confidence in the REIT space with higher interest rates. We liked that cash reserves grew, while debt was retired and shares bought back. It trades at 5x earnings and 1.5x book value. It pays a good yield, supported by a payout ratio under 25%. We continue to recommend a stop-loss at $9.50, looking to achieve $14.00 -- upside potential of 21%. Yield 5.3%
(Analysts’ price target is $14.00)MRD manages and develops real estate properties in Canada and the US. Recently reported earnings were up 59%. It trades under book value and pays a good yield, backed by a payout ratio under 25%. We like that it is building cash reserves while buying back shares. We recommend placing a stop-loss at $9.50, looking to achieve $14.00 — upside potential of 19%. Yield 5.0%
(Analysts’ price target is $14.00)He has been short. It is getting to a valuation where he is thinking about covering. Their problem was they were based in Calgary. It is starting to look interesting on a price to book basis. He is not quite sold on it yet. Their earnings are not going to turn around any time yet. He would not buy it, but he is covering shorts.
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Melcor Developments Ltd(MRD-T) Rating
Ranking : 3 out of 5
Bullish - Buy Signals / Votes : 2
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 4
Melcor Developments Ltd(MRD-T) Frequently Asked Questions
What is Melcor Developments Ltd stock symbol?
Melcor Developments Ltd is a Canadian stock, trading under the symbol MRD-T on the Toronto Stock Exchange (MRD-CT). It is usually referred to as TSX:MRD or MRD-T
Is Melcor Developments Ltd a buy or a sell?
In the last year, 4 stock analysts published opinions about MRD-T. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Melcor Developments Ltd.
Is Melcor Developments Ltd a good investment or a top pick?
Melcor Developments Ltd was recommended as a Top Pick by on . Read the latest stock experts ratings for Melcor Developments Ltd.
Why is Melcor Developments Ltd stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Melcor Developments Ltd worth watching?
4 stock analysts on Stockchase covered Melcor Developments Ltd In the last year. It is a trending stock that is worth watching.
What is Melcor Developments Ltd stock price?
On 2025-03-17, Melcor Developments Ltd (MRD-T) stock closed at a price of $12.
Our PAST TOP PICK with MRD has triggered its stop at $12. To remain disciplined, we recommend covering the position at this time. This will result in a net investment loss 4%, when combined with our previous guidance.