|Day's Range||33.52 - 34.14|
|52 Week Range||26.69 - 34.94|
|PE Ratio (TTM)||13.19|
|Earnings Date||Jul 19, 2017 - Jul 24, 2017|
|Dividend & Yield||0.40 (1.18%)|
|1y Target Est||36.03|
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.
Homebuilding giant D.R. Horton Inc. (DHI) has upped its offer to acquire 75 percent of the outstanding shares of Forestar Group Inc. (FOR) by $1.50 per share, which could help them expand their building pipeline business throughout the United States . The Arlington-based homebuilder increased its offer Friday to acquire the majority of the Austin-based land development firm to $17.75 per share in an amended proposal. Earlier this month, D.R. Horton made an offer to Forestar to buy 75 percent of outstanding shares at $16.25 per share.
Forestar Group Inc said on Friday top U.S. homebuilder D.R. Horton Inc had sweetened its offer to buy a 75 percent stake in the real estate developer, escalating a bidding war with investment firm Starwood Capital Group. Forestar said D.R. Horton's new cash offer of $17.75 per Forestar share — up from $16.25 per share previously — was superior to a proposal from Starwood to buy all of Forestar. Texas-based Forestar agreed in April to be acquired by Starwood for $14.25 per share.