Home Properties Director Purchases $100,425 in Stock (HME)
Home Properties (NYSE:HME) Director Thomas P. Lydon, Jr. purchased 1,580 shares of the stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $63.56 per share, for a total transaction of $100,424.80. Following the transaction, the director now directly owns 6,057 shares of the company’s stock, valued at approximately $384,983. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on HME shares. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Home Properties in a research note on Thursday, August 7th. They now have a $65.00 price target on the stock, up previously from $63.00. Separately, 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $51.27.
Shares of Home Properties (NYSE:HME) traded up 0.76% during mid-day trading on Monday, hitting $63.63. 329,912 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 has a 50-day moving average of $64.5 and a 200-day moving average of $61.4. The company has a market cap of $3.649 billion and a P/E ratio of 24.19.
Home Properties (NYSE:HME) last announced its earnings results on Thursday, July 31st. The company reported $1.11 EPS for the quarter, meeting the Thomson Reuters 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 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. Analysts expect that Home Properties will post $4.37 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 4.62%. The ex-dividend date is Monday, August 11th.
Home Properties, Inc (NYSE:HME) is a self-administered and self-managed real estate investment trust (REIT).
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