Stock analysts at BTIG Research initiated coverage on shares of Forestar Group (NYSE:FOR) in a report released on Monday, The Fly reports. The brokerage set a “buy” rating on the oil and gas exploration company’s stock.
FOR has been the subject of a number of other reports. Bank of America assumed coverage on Forestar Group in a report on Thursday, January 10th. They issued a “buy” rating and a $19.00 price target for the company. ValuEngine raised Forestar Group from a “sell” rating to a “hold” rating in a report on Friday, January 11th.
FOR traded up $0.03 on Monday, reaching $18.06. The company’s stock had a trading volume of 25,100 shares, compared to its average volume of 50,575. The company has a quick ratio of 5.90, a current ratio of 5.90 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $759.06 million, a price-to-earnings ratio of 180.60, a price-to-earnings-growth ratio of 10.26 and a beta of 1.92. Forestar Group has a fifty-two week low of $12.77 and a fifty-two week high of $25.95.
A number of institutional investors and hedge funds have recently made changes to their positions in FOR. MetLife Investment Advisors LLC acquired a new stake in shares of Forestar Group in the third quarter valued at approximately $180,000. Millennium Management LLC acquired a new stake in shares of Forestar Group in the fourth quarter valued at approximately $175,000. Prudential Financial Inc. boosted its holdings in shares of Forestar Group by 6.8% in the fourth quarter. Prudential Financial Inc. now owns 14,712 shares of the oil and gas exploration company’s stock valued at $204,000 after acquiring an additional 939 shares during the period. GSA Capital Partners LLP boosted its holdings in shares of Forestar Group by 26.9% in the third quarter. GSA Capital Partners LLP now owns 16,041 shares of the oil and gas exploration company’s stock valued at $340,000 after acquiring an additional 3,400 shares during the period. Finally, Rhumbline Advisers boosted its holdings in shares of Forestar Group by 33.5% in the fourth quarter. Rhumbline Advisers now owns 18,088 shares of the oil and gas exploration company’s stock valued at $251,000 after acquiring an additional 4,539 shares during the period. 21.38% of the stock is owned by hedge funds and other institutional investors.
Forestar Group Company Profile
Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.
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