Zacks Investment Research downgraded shares of MDC HLDGS (MDC) from OUTPERFORM to NEUTRAL on August 16, 2012, with a target price of $35.30.
M.D.C. HOLDINGS, INC. is engaged in the construction, sale and related financing of residential housing and the acquisition and development of land for use in its homebuilding activities and sale to others, in the Denver, Phoenix, Maryland, Virginia, mid Atlantic region, Las Vegas, Dallas, California metropolitan areas. They are also is involved in real estate brokerage, property management, condominium conversions and fee construction of apartment and commercial buildings.
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