Forestar Group
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 Q2 SEC filings by fund managers ($100M+ AUM)
24% more repeat investments, than reductions
Existing positions increased: 67 | Existing positions reduced: 54
0% more funds holding in top 10
Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]
0.95% less ownership
Funds ownership: 36.54% [Q1] → 35.6% (-0.95%) [Q2]
12% less funds holding
Funds holding: 192 [Q1] → 169 (-23) [Q2]
21% less capital invested
Capital invested by funds: $731M [Q1] → $575M (-$155M) [Q2]
48% less call options, than puts
Call options by funds: $899K | Put options by funds: $1.73M
50% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 46
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
JP Morgan Michael Rehaut 64% 1-year accuracy 7 / 11 met price target | 9%upside $36 | Neutral Maintained | 25 Jul 2024 |
BTIG Ryan Gilbert 100% 1-year accuracy 3 / 3 met price target | 12%upside $37 | Buy Maintained | 19 Jul 2024 |