M.D.C. Holdings, Inc. Common St (NYSE:MDC):
M.D.C. Holdings Declares Quarterly Cash Dividend.
The company is trading up by 0.96 percent from yesterday’s close.
M.D.C. Holdings, Inc. Common St recently declared a dividend which was paid on Wednesday August 24th, 2016. The dividend was $0.250 per share for the quarter or $1.00 annualized. This dividend amount represented a yeild of $4.21. The ex-dividend date was set for Monday the 8th of August 2016.
The stock is trading at $23.24 marginally under $24.80, the 50 day moving average and which is just under the 200 day moving average of $24.83. The 50 day moving average went down $-1.56 or -6.28% whereas the 200 day average was down by -6.42%.
The most current P/E ratio is 15.49 and the market cap of the company is 1.14B. As of the latest earnings report the EPS was $1.50 and is estimated to be $2.11 for the current year with 49,033,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $0.74 with next year’s EPS projected to be $2.53.
Several brokerage firms have weighed in on the company of late. On September 29 analysts at Wells Fargo began coverage of the stock with a rating of “Market Perform”. May 16 investment analysts at Deutsche Bank maintained a stock rating of “Buy” but moved down the price target to $28.00 from $30.00.
On February 9 Deutsche Bank held the stock rating at “Buy” but lowered the price expectation from $36.00 to $30.00. February 4 investment analysts at Barclays kept the stock rating at “Equalweight” and raised the price expectation from $24.00 to $25.00.
Barclays lowered the price target and downgraded the stock on January 20 cutting the price target from $35.00 to $24.00 and altering the rating from “Overweight” to “Equal-weight”. On January 20 the stock rating was downgraded from “Overweight” to “Equal-weight” and a price target of $24.00 was set in a statement from Barclays.