WCI Communities Inc. (WCIC) Receives Consensus Rating of “Buy” from Brokerages
Shares of WCI Communities Inc. (NYSE:WCIC) have received an average rating of “Buy” from the nine analysts that are presently covering the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $20.95.
Several brokerages have recently weighed in on WCIC. Zacks Investment Research upgraded WCI Communities from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 19th. Wedbush began coverage on WCI Communities in a research report on Monday, September 19th. They set a “neutral” rating and a $21.00 price target on the stock. Credit Suisse Group AG reiterated a “buy” rating on shares of WCI Communities in a research report on Tuesday, June 28th. TheStreet upgraded WCI Communities from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Finally, JMP Securities started coverage on WCI Communities in a research report on Wednesday, August 31st. They set an “outperform” rating and a $18.77 price target on the stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Emerald Acquisition Ltd. bought a new stake in WCI Communities during the second quarter worth $224,000. Swiss National Bank raised its stake in shares of WCI Communities by 11.8% in the second quarter. Swiss National Bank now owns 37,850 shares of the company’s stock worth $640,000 after buying an additional 4,000 shares during the last quarter. California State Teachers Retirement System raised its stake in shares of WCI Communities by 38.8% in the second quarter. California State Teachers Retirement System now owns 45,417 shares of the company’s stock worth $768,000 after buying an additional 12,704 shares during the last quarter. Gluskin Sheff & Assoc Inc. raised its stake in shares of WCI Communities by 13.4% in the second quarter. Gluskin Sheff & Assoc Inc. now owns 114,584 shares of the company’s stock worth $1,937,000 after buying an additional 13,520 shares during the last quarter. Finally, Real Estate Management Services LLC raised its stake in shares of WCI Communities by 22.3% in the second quarter. Real Estate Management Services LLC now owns 1,599,000 shares of the company’s stock worth $27,023,000 after buying an additional 291,500 shares during the last quarter. 94.20% of the stock is owned by hedge funds and other institutional investors.
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WCI Communities (NYSE:WCIC) traded up 0.55% during midday trading on Monday, reaching $23.65. 14,634 shares of the company traded hands. The company has a market capitalization of $622.89 million, a price-to-earnings ratio of 17.53 and a beta of 1.43. The stock’s 50 day moving average is $20.99 and its 200 day moving average is $18.19. WCI Communities has a one year low of $15.41 and a one year high of $25.00.
WCI Communities (NYSE:WCIC) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.05. WCI Communities had a return on equity of 7.55% and a net margin of 5.80%. The firm had revenue of $167.40 million for the quarter, compared to analysts’ expectations of $156.99 million. During the same period in the prior year, the business posted $0.37 earnings per share. The company’s revenue was up 11.1% on a year-over-year basis. On average, equities analysts anticipate that WCI Communities will post $1.32 earnings per share for the current year.
About WCI Communities
WCI Communities, Inc is a holding company. The Company is a lifestyle community developer and luxury homebuilder of single- and multi-family homes, including luxury high-rise tower units, in coastal Florida’s markets. The Company’s segments include Homebuilding, Real Estate Services and Amenities. The Homebuilding segment designs, sells and builds single- and multi-family homes and tower units.
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