Bank of America started coverage on shares of Forestar Group (NYSE:FOR) in a research report report published on Thursday, MarketBeat reports. The firm issued a buy rating and a $19.00 price target on the oil and gas exploration company’s stock.
Separately, ValuEngine downgraded shares of Forestar Group from a hold rating to a sell rating in a research report on Wednesday, January 2nd.
NYSE FOR opened at $15.94 on Thursday. Forestar Group has a 1 year low of $12.77 and a 1 year high of $26.39. The company has a debt-to-equity ratio of 0.18, a current ratio of 16.56 and a quick ratio of 16.56.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. GSA Capital Partners LLP increased its holdings in Forestar Group by 26.9% in the third quarter. GSA Capital Partners LLP now owns 16,041 shares of the oil and gas exploration company’s stock valued at $340,000 after buying an additional 3,400 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Forestar Group in the second quarter valued at $118,000. Dimension Capital Management LLC increased its holdings in Forestar Group by 8.7% in the third quarter. Dimension Capital Management LLC now owns 99,409 shares of the oil and gas exploration company’s stock valued at $2,107,000 after buying an additional 7,929 shares in the last quarter. MetLife Investment Advisors LLC purchased a new position in Forestar Group in the third quarter valued at $180,000. Finally, Panagora Asset Management Inc. increased its holdings in Forestar Group by 6.8% in the third quarter. Panagora Asset Management Inc. now owns 163,804 shares of the oil and gas exploration company’s stock valued at $3,473,000 after buying an additional 10,477 shares in the last quarter. Institutional investors own 22.69% of the company’s stock.
About Forestar Group
Forestar Group Inc operates as a real estate lot development company. It engages in the acquisition, entitlement, and development of infrastructure for single-family residential communities. Forestar Group Inc sells residential lots primarily to homebuilders, as well as sells commercial properties. The company is headquartered in Austin, Texas.
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