Insider Selling: Home Properties Director Sells 2,586 Shares of Stock (HME)
Home Properties (NYSE:HME) Director Clifford W. Smith, Jr. sold 2,586 shares of Home Properties stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $61.43, for a total value of $158,857.98. Following the completion of the transaction, the director now directly owns 41,220 shares in the company, valued at approximately $2,532,145. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Home Properties from $61.00 to $62.00 in a research note on Thursday, May 22nd. Separately, analysts at Compass Point reiterated a “buy” rating on shares of Home Properties in a research note on Monday, May 5th. They now have a $65.60 price target on the stock. Finally, 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 analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. Home Properties currently has an average rating of “Hold” and a consensus target price of $60.93.
Shares of Home Properties (NYSE:HME) traded down 0.39% during mid-day trading on Wednesday, hitting $61.79. The stock had a trading volume of 75,603 shares. Home Properties has a 52 week low of $52.16 and a 52 week high of $67.04. The stock’s 50-day moving average is $61.22 and its 200-day moving average is $57.74. The company has a market cap of $3.530 billion and a price-to-earnings ratio of 22.56.
Home Properties (NYSE:HME) last posted its quarterly earnings results on Thursday, May 1st. The company reported $1.00 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.05 earnings per share. The company’s quarterly revenue was up 3.9% on a year-over-year basis. Analysts expect that Home Properties will post $4.47 EPS for the current fiscal year.
Home Properties, Inc (NYSE:HME) is a self-administered and self-managed real estate investment trust (REIT).
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