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.
Additionally M.D.C. Holdings, Inc. Common St recently announced a dividend for shareholders that was paid on Wednesday the 24th of August 2016. The dividend was $0.250 per share for the quarter which is $1.00 annualized. The dividend yield was $4.21. The ex-dividend date was Monday the 8th of August 2016.
Shares last traded at $23.24 slightly below the 50 day moving average which is $24.80 and just below the 200 day moving average of $24.83. The 50 day moving average moved down $-1.56 and the 200 day average went down $-1.59 or -6.42%.
The P/E ratio is 15.49 and the market value 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 outstanding. Next quarter’s EPS is expected be $0.74 with next year’s EPS anticipated to be $2.53.
Investment firms have provided guidance on the stock recently. On September 29, 2016 Wells Fargo started covering MDC giving it an initial rating of “Market Perform”. May 16 investment analysts at Deutsche Bank left the company rating at “Buy” and lowered the price target from $30.00 to $28.00.
On February 9 Deutsche Bank made no change to the stock rating of “Buy” but lowered the price expectation to $30.00 from $36.00. February 4 investment analysts at Barclays left the stock rating at “Equalweight” and moved up the price target to $25.00 from $24.00.
On January 20 the company was downgraded from “Overweight” to “Equal-weight” with a current price target of $24.00 in an announcement from Barclays. Barclays both 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”.