Home Properties SVP Unloads $1,610,383 in Stock (HME)
Home Properties (NYSE:HME) SVP John E. Smith sold 25,853 shares of Home Properties stock on the open market in a transaction dated Wednesday, May 7th. The stock was sold at an average price of $62.29, for a total transaction of $1,610,383.37. Following the sale, the senior vice president now directly owns 64,814 shares of the company’s stock, valued at approximately $4,037,264. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
HME has been the subject of a number of recent research reports. Analysts at Compass Point reiterated a “buy” rating on shares of Home Properties in a research note on Monday. They now have a $65.60 price target on the stock. Analysts at Citigroup Inc. downgraded shares of Home Properties from a “buy” rating to a “neutral” rating in a research note on Wednesday, March 26th. They now have a $63.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Home Properties presently has a consensus rating of “Hold” and a consensus price target of $61.10.
Home Properties (NYSE:HME) traded down 0.39% during mid-day trading on Thursday, hitting $61.99. The stock had a trading volume of 203,820 shares. Home Properties has a 52-week low of $52.16 and a 52-week high of $67.79. The stock’s 50-day moving average is $60.47 and its 200-day moving average is $57.49. The company has a market cap of $3.542 billion and a P/E ratio of 22.64.
Home Properties (NYSE:HME) last announced its earnings results on Thursday, May 1st. The company reported $1.00 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.05 by $0.05. The company had revenue of $168.06 million for the quarter, compared to the consensus estimate of $169.09 million. During the same quarter last year, the company posted $1.05 earnings per share. Home Properties’s revenue was up 3.9% compared to the same quarter last year. On average, analysts predict that Home Properties will post $4.50 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, May 23rd. Investors of record on Monday, May 12th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date of this dividend is Thursday, May 8th.
Home Properties, Inc (NYSE:HME) is a self-administered and self-managed real estate investment trust (REIT).
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