M.D.C. Holdings, Inc. which can be found using ticker (MDC) now have 2 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 44 and 28 and has a mean target at $36.00. Now with the previous closing price of $40.56 this indicates there is a potential downside of -11.2%. The day 50 moving average is $37.94 while the 200 day moving average is $34.16. The market capitalization for the company is $3,056m. Visit the company website at: https://www.mdcholdings.com
The potential market cap would be $2,712m based on the market consensus.
M.D.C. Holdings, Inc., through its subsidiaries, engages in the homebuilding and financial service businesses. Its homebuilding operations include purchasing finished lots or developing lots for the construction and sale primarily of single-family detached homes to first-time and first-time move-up homebuyers under the Richmond American Homes name. The company conducts its homebuilding operations in Arizona, California, Nevada, New Mexico, Oregon, Texas, Washington, Colorado, Idaho, Utah, Alabama, Florida, Maryland, Pennsylvania, Tennessee, and Virginia. Its financial services operations comprise originating mortgage loans primarily for homebuyers; providing insurance coverage primarily to its homebuilding subsidiaries and subcontractors for homes sold by its homebuilding subsidiaries, and for work performed in completed subdivisions; acting as a re-insurer on the claims; selling third-party personal property and casualty insurance products to homebuyers; and offering title agency services to homebuilding subsidiaries and customers in Colorado, Florida, Maryland, Nevada, Pennsylvania, and Virginia. The company was founded in 1972 and is headquartered in Denver, Colorado.
The company has a dividend yield of 4.93% with the ex dividend date set at 9-5-2023 (DMY).
