Home Properties Receives New Coverage from Analysts at Mizuho (HME)
Equities research analysts at Mizuho initiated coverage on shares of Home Properties (NYSE:HME) in a research note issued to investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating and a $67.00 price target on the stock. Mizuho’s price target points to a potential upside of 5.85% from the company’s current price.
In other Home Properties news, Director Thomas P. Lydon, Jr. acquired 1,580 shares of Home Properties stock in a transaction that occurred on Monday, August 18th. The stock was purchased at an average cost of $63.56 per share, for a total transaction of $100,424.80. The purchase was disclosed in a filing with the SEC, which is available at this link.
Home Properties (NYSE:HME) opened at 63.30 on Monday. 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 $64.51 and its 200-day moving average is $61.73. The company has a market cap of $3.630 billion and a P/E ratio of 24.48.
Home Properties (NYSE:HME) last posted its quarterly earnings results 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 $4.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, August 27th. Shareholders 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 4.61%. The ex-dividend date of this dividend is Monday, August 11th.
Several other analysts have also recently commented on the stock. 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $53.51.
Home Properties, Inc (NYSE:HME) is a self-administered and self-managed real estate investment trust (REIT).
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