Home Properties Stock Rating Reaffirmed by Citigroup Inc. (HME)
Home Properties (NYSE:HME)‘s stock had its “neutral” rating reaffirmed by research analysts at Citigroup Inc. in a report released on Thursday. They currently have a $65.00 price objective on the stock, up from their previous price objective of $63.00. Citigroup Inc.’s price target would indicate a potential upside of 2.07% from the company’s current price.
Home Properties (NYSE:HME) traded down 0.02% during mid-day trading on Thursday, hitting $63.67. 206,473 shares of the company’s stock traded hands. Home Properties has a 1-year low of $52.16 and a 1-year high of $66.74. The stock’s 50-day moving average is $64.43 and its 200-day moving average is $61.11. The company has a market cap of $3.651 billion and a price-to-earnings ratio of 24.39.
Home Properties (NYSE:HME) last released its earnings data on Thursday, July 31st. The company reported $1.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.11. 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 previous year, the company posted $1.11 earnings per share. The company’s revenue for the quarter was up 3.7% on a year-over-year basis. Analysts expect that Home Properties will post $4.42 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, August 27th. Stockholders of record on Wednesday, August 13th will be paid a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Monday, August 11th.
A number of other analysts have also recently weighed in on HME. Analysts at ISI Group cut their price target on shares of Home Properties from $66.00 to $1.00 in a research note on Friday, August 1st. Separately, 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 Barclays raised their price target on shares of Home Properties from $61.00 to $62.00 in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $52.94.
Home Properties, Inc (NYSE:HME) is a self-administered and self-managed real estate investment trust (REIT).
Receive News & Ratings for Home Properties Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Home Properties Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.