M.D.C. Holdings, Inc. Common St (NYSE:MDC):
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In the market the company is trading up by 1.30 percent from yesterday’s close.
M.D.C. Holdings, Inc. Common St also recently announced a dividend for shareholders that was paid on Wed Aug 24, 2016. The dividend was $0.250 per share for the quarter or $1.00 annualized. This dividend represents a yeild of $3.93 which is the dividend as a percentage of the current share price. The ex-dividend date was Monday the 8th of August 2016.
The stock last traded at $25.77 just above $25.52, the 50 day moving average and a tad above the 200 day moving average of $24.81. The 50 day moving average went up $0.25 or +0.98% and the 200 day average was up $0.96.
The P/E ratio is 17.18 and the market cap is 1.26B. In the latest earnings report the EPS was $1.50 and is projected to be $2.13 for the current year with 49,033,000 shares now outstanding. Analysts expect next quarter’s EPS to be $0.75 and the next full year EPS is projected to be $2.54.
Wall Street investment firms have weighed in on M.D.C. Holdings, Inc. Common St. May 16 investment analysts at Deutsche Bank made no change to the stock rating of “Buy” but lowered the price target from $30.00 to $28.00. On February 9 Deutsche Bank held the stock rating at “Buy” but moved down the price target to $30.00 from $36.00.
On February 4 Barclays held the company rating at “Equalweight” and raised the price expectation from $24.00 to $25.00. Barclays downgraded the stock and lowered the price target on January 20 changing the price objective from $35.00 to $24.00 and cutting the rating from “Overweight” to “Equal-weight”.
On January 20 the company was downgraded to “Equal-weight” from “Overweight” and a price target of $24.00 was set in a report issued by Barclays. On January 13 JP Morgan kept the company rating at “Underweight” and lowered the price target to $21.50 from $24.50.