News stories about Forestar Group (NYSE:FOR) have trended positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Forestar Group earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned headlines about the oil and gas exploration company an impact score of 44.4155294236802 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Starwood Capital JV Buying Forestar Portfolio (globest.com)
- Forestar Group (FOR) Reports $232M Strategic Asset Sale to Starwood Capital (streetinsider.com)
- Forestar Announces Strategic Asset Sale to Starwood Capital Group for $232 Million (bizjournals.com)
- Starwood Capital Group Acquires Residential and Commercial Real Estate Portfolio from Forestar Group (prnewswire.com)
Separately, ValuEngine downgraded shares of Forestar Group from a “buy” rating to a “hold” rating in a research note on Friday, December 1st.
Forestar Group (NYSE FOR) traded down $0.25 on Friday, reaching $24.25. 148,524 shares of the company’s stock were exchanged, compared to its average volume of 169,558. Forestar Group has a 1 year low of $12.65 and a 1 year high of $26.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 26.13 and a quick ratio of 26.13. The firm has a market capitalization of $1,017.02, a P/E ratio of 13.55 and a beta of 1.94.
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About Forestar Group
Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.
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