|Day's Range||33.75 - 34.02|
|52 Week Range||26.69 - 34.94|
|PE Ratio (TTM)||13.22|
|Dividend & Yield||0.40 (1.18%)|
|1y Target Est||N/A|
Announcement: Moody's: Strong employment, low interest rates drive positive outlook for US homebuilding sector. Global Credit Research- 26 Jun 2017. New York, June 26, 2017-- The outlook for the US homebuilding ...
Credit Suisse With the gradual re-emergence of entry-level and first-time buyers, we believe the housing market is transitioning to more volume-based growth while the rate of home-price appreciation slows, as it is easier for supply to meet demand in more peripheral locations. Based on this, our top picks are D.R. Horton (DHI) and PulteGroup (PHM).
Amid a flurry of back and forth bids, Arlington-based homebuilder D.R. Horton Inc. appears to have the upper hand to acquire most of the shares of Austin-based real estate developer Forestar Group Inc. On Friday, D.R. Horton (DHI) boosted its bid to acquire 75 percent of Forestar's outstanding shares to $17.75 per share, up from its original bid of $16.25. The move came after the other bidder, Starwood Capital Group, a Connecticut-based global investment firm, increased its own bid to acquire all outstanding Forestar shares at $16 apiece.