SouFun Holdings Ltd (SFUN) Announces Dividend of $1.00
SouFun Holdings (NASDAQ:SFUN) declared a dividend on Thursday, August 7th, American Banking and Market News reports. Investors of record on Monday, August 18th will be given a dividend of 1.00 per share on Friday, August 29th. The ex-dividend date of this dividend is Thursday, August 14th.
A number of research firms have recently commented on SFUN. Analysts at T.H. Capital cut their price target on shares of SouFun Holdings to $14.00 in a research note on Monday. They now have a “buy” rating on the stock. On a related note, analysts at Macquarie initiated coverage on shares of SouFun Holdings in a research note on Friday, July 11th. They set a “neutral” rating on the stock. Finally, analysts at JPMorgan Chase & Co. downgraded shares of SouFun Holdings from an “overweight” rating to a “neutral” rating in a research note on Friday, June 13th. They now have a $10.00 price target on the stock, down previously from $17.00. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $15.48.
Shares of SouFun Holdings (NASDAQ:SFUN) opened at 11.56 on Friday. SouFun Holdings has a one year low of $7.028 and a one year high of $19.944. The stock’s 50-day moving average is $10.49 and its 200-day moving average is $13.0. The company has a market cap of $4.734 billion and a P/E ratio of 14.26. SouFun Holdings also saw some unusual options trading on Wednesday. Investors acquired 8,543 put options on the stock. This represents an increase of 156% compared to the average volume of 3,343 put options.
SouFun Holdings (NASDAQ:SFUN) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $168.20 million for the quarter, compared to the consensus estimate of $173.52 million. SouFun Holdings’s revenue was up 16.7% compared to the same quarter last year. On average, analysts predict that SouFun Holdings will post $0.68 earnings per share for the current fiscal year.
SouFun Holdings Limited (NASDAQ:SFUN) operates as a real estate Internet portal in China.
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