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The Ryland Group (NYSE:RYL) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research report issued to clients and investors on Tuesday. They currently have a $31.30 target price on the stock. Zacks‘s target price points to a potential downside of 4.86% from the company’s current price.

Shares of The Ryland Group (NYSE:RYL) traded down 0.43% during mid-day trading on Tuesday, hitting $32.76. The stock had a trading volume of 749,950 shares. The Ryland Group has a 1-year low of $31.22 and a 1-year high of $46.67. The stock has a 50-day moving average of $37.70 and a 200-day moving average of $39.73. The company has a market cap of $1.538 billion and a price-to-earnings ratio of 10.31.

The Ryland Group (NYSE:RYL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by $0.11. The company had revenue of $577.40 million for the quarter, compared to the consensus estimate of $618.51 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company’s revenue for the quarter was up 17.1% on a year-over-year basis. Analysts expect that The Ryland Group will post $2.93 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 30th. Shareholders of record on Wednesday, October 15th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.36%. The ex-dividend date is Friday, October 10th.

Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of The Ryland Group in a research note on Tuesday. They now have a $43.00 price target on the stock, down previously from $50.50. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of The Ryland Group in a research note on Monday. They now have a $43.00 price target on the stock, down previously from $44.00. Finally, analysts at Barclays raised their price target on shares of The Ryland Group from $45.00 to $48.00 in a research note on Monday, June 30th. They now have an “equal weight” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $44.41.

The Ryland Group, Inc, is a homebuilders and a mortgage-finance company. In addition, Ryland Mortgage Company and its subsidiaries, and RMC Mortgage Corporation (NYSE:RYL) provide mortgage financing and related services.

To view Zacks’ full report, visit Zacks’ official website.

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