Trending stocks today
Melcor Developments Ltd (MRD-T)
TSE:MRD
11.28
0.08
(0.71%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$11.180
Unknown
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 : 1 out of 5
Bullish - Buy Signals / Votes : 0
Neutral - Hold Signals / Votes : 0
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 0
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, there was no coverage of Melcor Developments Ltd published on Stockchase.
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?
0 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 2023-06-02, Melcor Developments Ltd (MRD-T) stock closed at a price of $11.28.
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)