Forestar Group (FOR)

• Market cap: $1.36B
• 1 day: -1.72%
• 5 days: 7.12%
• 1 month: -0.74%
• 3 months: -18.84%
• 6 months: -25.58%
• Year to date: 4.57%
• 1 year: -19.55%
• 5 years: 20.73%
• 10 years: 88.40%
• Sector: Real Estate
• Industry: Real Estate

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: 393

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 51

11% more first-time investments, than exits

New positions opened: 30 | Existing positions closed: 27

1% more funds holding

Funds holding: 169 [Q2] → 170 (+1) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]

2% less capital invested

Capital invested by funds: $590M [Q2] → $581M (-$9.13M) [Q3]

1.02% less ownership

Funds ownership: 36.48% [Q2] → 35.46% (-1.02%) [Q3]

34% less call options, than puts

Call options by funds: $812K | Put options by funds: $1.23M

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $37 38% upside
• Avg. target: $39 44% upside
• High target: $40 49% upside

3 analyst ratings

• positive: 2 67%
• neutral: 1 33%
• negative: 0 0%

Citigroup Anthony Pettinari 44% 1-year accuracy 22 / 50 met price target	46% upside $39	Buy Maintained	6 Jan 2025
JP Morgan Michael Rehaut 65% 1-year accuracy 11 / 17 met price target	38% upside $37	Neutral Maintained	8 Nov 2024
BTIG Ryan Gilbert 25% 1-year accuracy 1 / 4 met price target	49% upside $40	Buy Maintained	30 Oct 2024