Forestar GroupFOR
Market Cap: 1.62B
About: Forestar Group Inc is a residential lot development company with operations across the United States. The core business segment for the company is real estate which generates all of it's revenues. The firm fundamentally acquires entitled real estate and develops it into finished residential lots for sale to homebuilders with a strategic focus on asset turns and efficiency. Single-family residential communities account for the majority of their real estate projects. The company utilizes a lower-risk business model mainly by investing in short duration, phased development projects.
Employees: 376
Fund manager confidence
Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)
3,983% more call options, than puts
Call options by funds: $70.2M | Put options by funds: $1.72M
67% more first-time investments, than exits
New positions opened: 35 | Existing positions closed: 21
24% more capital invested
Capital invested by funds: $586M [Q4 2023] → $724M (+$138M) [Q1 2024]
8% more funds holding
Funds holding: 175 [Q4 2023] → 189 (+14) [Q1 2024]
0.72% more ownership
Funds ownership: 35.48% [Q4 2023] → 36.2% (+0.72%) [Q1 2024]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]
12% less repeat investments, than reductions
Existing positions increased: 59 | Existing positions reduced: 67
Research analyst outlook
4 Wall Street Analysts provided 1 year price forecasts over the past 6 months
4 analyst ratings
JP Morgan Michael Rehaut | 13%upside $36 | Neutral Maintained | 25 Jul 2024 |
BTIG Ryan Gilbert | 16%upside $37 | Buy Maintained | 19 Jul 2024 |
Citigroup Anthony Pettinari | 35%upside $43 | Buy Maintained | 2 Jul 2024 |
Citigroup Anthony Pettinari | 44%upside $46 | Buy Maintained | 17 May 2024 |
Financial journalist opinion
Based on 7 articles about FOR published over the past 30 days