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Property Management: CBRE Group (NYSE:CBG), Realogy Holdings Corp. (NYSE:RLGY), Zillow (NASDAQ:Z), Washington Prime Group Inc. (NYSE:WPG), Outfront Media Inc. (NYSE:OUT)
CBRE Group Inc (NYSE:CBG), a commercial real estate services and investment company, on Friday said it has acquired United Commercial Realty (“UCR”), a Dallas, Texas-based commercial real estate firm specializing in retail services. On Friday shares of CBRE Group, Inc. (NYSE:CBG) closed at $33.09. Company’s sales growth for last 5 years was 7.00% and EPS…
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Property Management Stocks: Washington Prime Group Inc. (NYSE:WPG), Zillow (NASDAQ:Z), Realogy Holdings Corp. (NYSE:RLGY), Outfront Media Inc. (NYSE:OUT), CBRE Group (NYSE:CBG)
Washington Prime Group Inc. (NYSE:WPG) will begin trading ex-dividend on January 16, 2015. A cash dividend payment of $0.14 per share is scheduled to be paid on January 22, 2015. On Thursday shares of Washington Prime Group Inc. (NYSE:WPG) closed at $18.18. Zillow, Inc. (NASDAQ:Z), the leading real estate information and home related marketplace, announces…
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Residential Construction Stocks: KB Home (NYSE:KBH), DR Horton Inc. (NYSE:DHI), PulteGroup (NYSE:PHM), Lennar Corp. (NYSE:LEN), Hovnanian Enterprises Inc. (NYSE:HOV)
KB Home (NYSE:KBH) Net income for the quarter totaled $852.8 million, or $8.36 per diluted share, including an income tax benefit of $824.2 million that reflected the Company’s $825.2 million deferred tax asset valuation allowance reversal. On Tuesday shares of KB Home (NYSE:KBH) closed at $13.87. Company’s sales growth for last 5 years was -7.10%…
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Real Estate Development: Summit Hotel Properties (NYSE:INN), The St. Joe Company (NYSE:JOE), Brookfield Asset Management(NYSE:BAM), Brookfield Property Partners (NYSE:BPY)
Summit Hotel Properties, Inc. (NYSE:INN) announced that it will report financial results for the first quarter 2014 on Monday, May 12, 2014, before the market opens and will conduct its quarterly conference call the same day at 12:00 PM ET. Shares of Summit Hotel Properties Inc (NYSE:INN) closed at $9.14 in last trading session. Friday…
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Housing Stocks: Lennar Corporation (NYSE:LEN), D.R. Horton Inc. (NYSE:DHI), Hovnanian Enterprises, Inc. (NYSE:HOV), KB Home (NYSE:KBH)
Lennar Corporation (NYSE:LEN) is also defying broad-market headwinds, up 5.1% at $40.83. Call volume is running at four times the typical intraday rate, with more than 8,600 contracts exchanged thus far. The preference for LEN calls marks a change of pace, as the stock’s Schaeffer’s put/call open interest ratio (SOIR) of 1.32 sits just 6…
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Housing Stocks Rally – D.R. Horton, Inc. (NYSE:DHI), Lennar Corporation (NYSE:LEN), KB Home (NYSE:KBH), Hovnanian Enterprises, Inc. (NYSE:HOV)
D.R. Horton Inc. (NYSE:DHI), the largest builder in the US by revenue, has announced that their earnings had jumped by 86% in the fiscal first quarter. This was mainly because the company was able to deliver more housing and raise prices at the same time. Shares of D.R. Horton, Inc. (NYSE:DHI) closed at $23.00 in…
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Housing Stocks – Lennar Corporation (NYSE:LEN), KB Home (NYSE:KBH), D.R. Horton, Inc. (NYSE:DHI), PulteGroup, Inc. (NYSE:PHM)
Research analysts at MKM Partners hoisted their target price on shares of Lennar Corp. (NYSE:LEN) from $38.00 to $40.00 in a report released on Thursday, AnalystRatingsNetwork reports. The firm currently has a “neutral” rating on the stock. MKM Partners’ price objective indicates a potential upside of 3.60% from the stock’s previous close. Shares of Lennar…
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Housing Stocks To Watch- Toll Brothers (TOL), Hovnanian (HOV), Lennar (LEN), KB Home (KBH), Gafisa SA (GFA)
Toll Brothers Inc (NYSE:TOL) stock had its “neutral” rating reaffirmed by Zacks, with a $34.00 price objective on the stock. Shares of Toll Brothers Inc (NYSE:TOL) were up 1.44% to $33.88 in premarket. In last session Toll Brothers Inc (NYSE:TOL) closed at $ 33.40. Hovnanian Enterprises, Inc. (NYSE:HOV) stock has an average recommendation of “Hold”…
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Housing Stocks To Watch – Toll Brothers (TOL), Hovnanian (HOV), Lennar (LEN), KB Home (KBH), Gafisa (GFA)
Toll Brothers Inc (NYSE:TOL) shares price target raised from $25.00 to $28.00 by equities research analysts at Sterne Agee. The analysts at Sterne Agee currently has an “underperform” rating on the Toll Brothers Inc (NYSE:TOL) stock. Shares of Toll Brothers Inc (NYSE:TOL) were closed at $32.59 in last session. U.S. homebuilder Hovnanian Enterprises, Inc. (NYSE:HOV)…
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Mortgage Reaches To All-Time Lows; Wells Fargo & Co. (NYSE:WFC) & JPMorgan Chase & Co. (NYSE:JPM) Might Focus On Refinancing
Mortgage lenders including Wells Fargo & Co. (NYSE:WFC) and JPMorgan Chase & Co. (NYSE:JPM) might focus on refinancing as interest rates arrived to all-time lows which are cautioning that the decline in demand might be higher than expected. Even Bank of America Corp. (NYSE:BAC) is lowering its capacity further as climbing interest rates lowers demand…