Home Properties (HME) Announces Quarterly Results
Home Properties (NYSE:HME) issued its quarterly earnings data on Thursday. The company reported $1.11 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.11, American Banking News reports. The company had revenue of $168.40 million for the quarter, compared to the consensus estimate of $168.52 million. During the same quarter in the prior year, the company posted $1.11 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. Home Properties updated its Q3 guidance to $1.11-1.15 EPS and its Q4 guidance to $1.16-1.20 EPS.
A number of research firms have recently commented on HME. Analysts at Barclays raised their price target on shares of Home Properties from $62.00 to $64.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, 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. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $61.27.
Shares of Home Properties (NYSE:HME) traded down 1.35% during mid-day trading on Thursday, hitting $65.79. 582,401 shares of the company’s stock traded hands. Home Properties has a 52 week low of $52.16 and a 52 week high of $66.74. The stock’s 50-day moving average is $64. and its 200-day moving average is $60.81. The company has a market cap of $3.759 billion and a price-to-earnings ratio of 24.26.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Investors of record on Wednesday, August 13th will be given a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 4.44%.
Home Properties, Inc (NYSE:HME) is a self-administered and self-managed real estate investment trust (REIT).
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