|Bid||34.07 x 800|
|Ask||34.08 x 800|
|Day's range||33.71 - 34.62|
|52-week range||27.37 - 43.04|
|Beta (5Y monthly)||1.48|
|PE ratio (TTM)||13.44|
|Earnings date||27 Apr 2023 - 01 May 2023|
|Forward dividend & yield||0.72 (2.06%)|
|Ex-dividend date||14 Feb 2023|
|1y target est||37.70|
The housing recession took a toll on a number of sectors last year, including mortgage bankers and mortgage real estate investment trusts (REITs). Rising interest rates caused a collapse in mortgage-banking revenue and severely dented the balance sheets of the mortgage REITs. One of the biggest suppliers to the residential construction industry is timber REIT Weyerhaeuser (NYSE: WY).
Gibraltar (ROCK) to incur a non-cash charge of $14 million or 35 cents per share for the fourth quarter.
MDC's fourth-quarter results reflect slow housing demand and high inflation.