Latest news for Melcor Developments (OTC:MODVF) Stock

MELCOR DEVELOPMENT L

Melcor Developments Ltd is a real estate development company. It develops and manages mixed-use residential communities, business and industrial parks, office buildings, retail commercial centers, and golf courses. Its divisions includes Community Development, which is engaged in acquiring raw land and planning residential communities and commercial developments; Property Development, which is engaged in project managing development, leasing, and construction of commercial properties; Investment Properties operates a portfolio of commercial and residential properties, focused on property improvements and capital appreciation; the REIT, which is engaged in acquiring and owning leasable office, retail, industrial and residential sites; Recreation Property and Corporate.

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MODVF

TSX:MRD

RBC Capital Trims Melcor Developments Price Target By 5%

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MELCOR DEV LTD by Melcor Development Ltd.

Melcor Developments Ltd

Melcor Developments (TSE:MRD) has released an update. Melcor Developments Ltd. has announced the expiration of the ‘go-shop' period related to an a...

Melcor Developments Announces End of 'Go-Shop' Period

FC Private Equity Realty Management and Telsec Property Corporation, both long term investors in Melcor Real Estate Investment Trust, reiterate Fir...

FC Private Equity, Telsec Property reject 'take under' offer for Melcor REIT

Melcor Real Estate Investment Trust announced the filing of its management information circular and related documents for the special meeting of th...

Melcor REIT announces filing of information circular for special meeting

Melcor Developments reports Q3 results

Melcor Developments (TSE:MRD) has released an update. Melcor Developments reported a decline in third-quarter revenue to $59.51 million, influenced...

Melcor Developments Reports Q3 Results and Dividend

Melcor Developments declares $0.11 dividend

Melcor Real Estate Investment Trust announced that Glass Lewis & Co. has recommended unitholders of the REIT vote FOR the previously announced plan...

Melcor REIT says Glass Lewis recommends unitholders vote for arrangement

Melcor Developments OTC ( ($MODVF) ) has released its Q3 earnings. Here is a breakdown of the information Melcor Developments OTC presented to its ...

Melcor Developments Reports Q3 Decline, Focuses on Debt Reduction

Melcor Real Estate Investment Trust and Melcor Developments (MODVF) announce that they have entered into an Amended and Restated Arrangement Agreem...

Melcor Developments, Melcor REIT amend, restate arrangement agreement

Melcor Developments (TSE:MRD) has released an update. Melcor REIT and Melcor Developments have revised their arrangement agreement, boosting per-un...

Melcor Developments Revise Agreement with Increased Offer

Melcor Developments

<ul>
	<li>Melcor Developments Ltd.&nbsp;(TSX:<a class="ticker" href="https://www.benzinga.com/stock/MRD#TSX">MRD</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MODVF#OTC">MODVF</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/quote/MODVF" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">price target has been lowered</a>&nbsp;to C$18 from C$19 by&nbsp;RBC Capital&nbsp;analyst Tom Callaghan.</li>
	<li>The analyst maintained the Sector Perform rating on the shares.</li>
	<li>Callaghan states that there is no change in constructive stance on Melcor Developments following Q1 results.</li>
	<li>The analyst continues to see several tailwinds in both Alberta and the U.S. and remains vigilant to potential risks stemming from global supply chain/inflation issues and rising interest rates.</li>
	<li>Callaghan believes the share price reflects a reasonable margin of safety and sees an increasingly bullish picture emerging should momentum continue into the back half of 2022.</li>
	<li>Price Action:&nbsp;MRD shares are trading higher by 2.74% at C$13.86 on TSX on the last check Wednesday.</li>
</ul>

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