|Bid||40.04 x 900|
|Ask||41.47 x 900|
|Day's Range||40.72 - 41.45|
|52 Week Range||30.51 - 41.70|
|Beta (3Y Monthly)||0.88|
|PE Ratio (TTM)||8.67|
|Earnings Date||Dec 9, 2019|
|Forward Dividend & Yield||0.44 (1.10%)|
|1y Target Est||39.38|
Yahoo Finance's Julei Hyman, Adam Shapiro, Scott Gamm, Paul Schatz, President of Heritage Capital and Mark Fleming, First American Chief Economist discuss latest housing data.
Astralis is the first pure-play team to sell stock to the public in the burgeoning world of professional videogame playing.
(Bloomberg) -- The vision underpinning the American dream -- of fresh-faced young people buying a first home with a white-picket fence -- hasn’t held up well.As it’s become more difficult for younger generations to get credit, the median age of the U.S. home buyer has climbed to 47, compared with 31 in 1981, Deutsche Bank chief economist Torsten Slok said. Slok in a note cited data released by the National Association of Realtors last month.“This is driven by an aging population, affordability, higher student debt levels, and tighter mortgage lending standards for young people and individuals with lower credit scores,” Slok said in his note. Those forces have contributed to lower levels of residential mobility, he added, and flagged an eight-year gain in the median home-buyer age since the financial crisis. The median age hasn’t been below 40 since then, when it was 39.In a subsequent phone conversation, Slok said he was “quite surprised” when he saw the November NAR data. The trend of aging home buyers speaks to “the broad umbrella of inequality across generations,” he said, going well beyond the housing market. Younger people are having a harder time than older age groups when it comes to four “buckets,” according to Slok: Income, accumulating wealth, getting an education and accessing health care and health insurance. “These things are critical now in the political debate,” Slok added. The economic expansion over the past 10 years has “been looking great, but what have the costs been? This is indeed a conversation starter.”Among publicly traded homebuilders, Toll Brothers Inc. has the “most exposure to the move-up luxury market -- which tend to be older more well-heeled buyers,” Bloomberg Intelligence’s Drew Reading said.Reading called the move-up segment a “comparatively weaker part of the market” as builders shift away from it. Demand drivers going forward are more important, he added. That will come from “the younger cohort.”Toll Brothers shares have gained 20% so far this year versus a 56% rally for the S&P Supercomposite Homebuilding Index and a 24% rise for the S&P 500.(Adds comment from Deutsche Bank’s Slok starting in the second paragraph.)To contact the reporter on this story: Felice Maranz in New York at email@example.comTo contact the editors responsible for this story: Catherine Larkin at firstname.lastname@example.org, Jeremy R. Cooke, Steven FrommFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Toll Brothers (TOL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The week's top real estate stories include a look at the soaring land prices, along with rising costs for construction labor, which are fundamental reasons new Midtown apartments are becoming more expensive with each passing year.
Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a gain for the second month. The increase follows 16 months of deceleration.
"It all but guarantees rents will continue to get significantly higher,” said Alan Wexler, president and CEO of Databank, a longtime Atlanta property research firm.
Toll Brothers, Inc. (TOL) (www.TollBrothers.com), the nation’s leading builder of luxury homes, through its Toll Brothers Apartment Living® rental subsidiary, and JD Capital USA, have announced the formation of a new joint venture to develop a 262-unit luxury apartment community in the City of Orange, CA. The joint venture has secured a $74 million construction loan facility from Capital One National Association, serving as administrative agent, and California Bank & Trust.
HORSHAM, Pa., Nov. 12, 2019 -- Toll Brothers, Inc. (NYSE:TOL), the nation’s leading builder of luxury homes, will broadcast live on its website, www.tollbrothers.com, a.
A Texas-based private golf and country club giant has closed on its purchases of two Triangle country clubs, with county records showing the company paid over $10 million for the two clubs. Dallas-based ClubCorp (NYSE: MYCC) bought The Hasentree Club in Wake Forest and Brier Creek Country Club in Raleigh as part of a seven-club portfolio previously owned by Horsham, Pennsylvania, real estate company Toll Brothers (NYSE: TOL). ClubCorp paid $9.8 million for the Brier Creek Club and $750,000 for Hasentree, according to county deed records.
Toll Brothers sold the Jupiter Country Club, along with six other golf clubs around the country, to ClubCorp. Dallas-based ClubCorp didn’t disclose the price of the deal, but the deed was recorded in county records at $8 million. It was sold by Jupiter Non Equity CC, a subsidiary of national homebuilder Toll Brothers (NYSE: TOL).
DALLAS, Nov. 01, 2019 -- ClubCorp – The World Leader in Private Clubs® – announces it has acquired seven premier lifestyle golf clubs in residential communities located on the.
Toll Brothers has now sold off all four of its D.C.-area golf and country clubs to a Dallas-based firm. ClubCorp, one of the nation’s largest owners of private clubs, announced the deal with the Pennsylvania-based developer Thursday. The sale included three clubs in Northern Virginia — Dominion Valley Country Club and the adjacent Regency at Dominion Valley in Haymarket, Belmont Country Club in Ashburn — and Oak Creek Golf Club in Upper Marlboro, Maryland.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Toll Brothers, Inc. New York, November 01, 2019 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Toll Brothers, Inc. and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
The country's largest owner and operator of private golf and country clubs has added seven new clubs to its already expansive portfolio. Dallas-based ClubCorp recently bought three private courses in Virginia, two in North Carolina, one in Florida and a public course in Maryland from Toll Golf, the golf and country club division of Toll Brothers Inc.
The national builder is taking a step away from its high-end luxury homes with this entry-level product on the outskirts of the Valley, where land is $105,000 an acre.
Toll Brothers, Inc. (TOL) (www.tollbrothers.com), the nation's leading builder of luxury homes, today announced that it had entered into a five-year $1.905 billion senior unsecured revolving credit facility to replace the Company's existing $1.295 billion revolving credit facility, which was scheduled to mature in May 2021. The Company also extended the maturity of its existing $800 million senior unsecured term loan facility from November 2023 to November 2024. In addition, on October 31, Toll Brothers redeemed its $250 million of 6.750% senior notes due November 1, 2019 using cash on hand.
DALLAS, Oct. 31, 2019 -- ClubCorp – The World Leader in Private Clubs® – announces it has acquired seven premier lifestyle golf clubs in residential communities located on the.