Streetbeat News

FOR

Forestar Group Inc.

https://www.forestar.com

Industry

Real Estate - Development

Forestar Group Inc. operates as a residential lot development company in the United States. The acquires land and develops infrastructure for single-family residential communities. It sells its residential single-family finished lots to homebuilders. The company is headquartered in Arlington, Texas. Forestar Group Inc. is a subsidiary of D.R. Horton, Inc.

Open

21.37

Mkt cap

1.1B

Volume

140K

High

21.66

P/E Ratio

6.08

52-wk high

40.92

Low

21.10

Div yield

N/A

52-wk low

20.70

Forestar Group Inc. announced the expiration and final results of its cash tender offer for its 3.850% Senior Notes due 2026.

Portfolio Pulse from

March 12, 2025 | 10:45 am

Forestar Group Inc. has announced the pricing of a $500 million offering of 6.500% senior unsecured notes due in 2033.

Portfolio Pulse from

March 05, 2025 | 11:45 pm

Forestar Group Inc. has announced a proposal to sell $500 million in senior unsecured notes due in 2033.

Portfolio Pulse from

March 05, 2025 | 1:00 pm

Forestar Group Inc. has announced a cash tender offer to purchase all of its outstanding 3.850% Senior Notes due 2026.

Portfolio Pulse from

March 05, 2025 | 1:00 pm

Forestar Group Inc. held its Q1 2025 earnings call, discussing financial results and company performance. Key participants included Chris Hibbetts, Andy Oxley, Jim Allen, and Mark Walker. Analysts from BTIG and Citigroup participated in the call.

Portfolio Pulse from

January 21, 2025 | 6:00 pm

Forestar Group is set to benefit from a residential housing shortage and favorable interest rates, leading to increased demand for residential lots and land sales. The company reported a 22% increase in net income for FY'24, supported by strategic market expansion and strong financials.

Portfolio Pulse from

December 14, 2024 | 12:30 pm

Forestar Group Inc. and D.R. Horton, Inc. have entered into an Amended and Restated Stockholder's Agreement, increasing the approval threshold for capital expenditures from $20 million to $45 million. D.R. Horton owns approximately 62% of Forestar's outstanding common stock.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2024 | 8:43 pm

Forestar Group has projected its FY2025 sales to be between $1.600 billion and $1.650 billion, slightly below the market estimate of $1.65 billion.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:50 am

Forestar Group reported Q4 2024 earnings per share of $1.51, surpassing the analyst estimate of $1.31 by 15.27%. The company's sales were $551.4 million, exceeding the expected $503.759 million by 9.46%.

Portfolio Pulse from Benzinga Newsdesk

October 29, 2024 | 10:39 am

Forestar Group has filed for a mixed shelf offering of up to $750 million, according to an SEC filing. This move allows the company to issue various types of securities, which could be used for general corporate purposes, debt repayment, or other strategic initiatives.

Portfolio Pulse from Benzinga Newsdesk

September 23, 2024 | 8:28 pm

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