Citi Initiates Coverage on Ryland Group (RYL) with a Hold - Positive on Effective/Disciplined Management
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Citi initiates coverage on Ryland Group (NYSE: RYL) with a Hold.
Citi analyst says, "We rate RYL Hold/High Risk. We think RYL has one of the most disciplined and effective management teams in the industry. We also think they are good stewards of shareholder capital given their long-term commitment to returning excess cash to shareholders in a prudent manner. The company also enjoys an above average liquidity position. However, we think the current stock price reflects most of these positives and that there is limited upside at the moment."
The Ryland Group, Inc. operates as a home builder and a mortgage finance company. The Company consists of six operating business segments: four geographically determined homebuilding regions; financial services, and corporate.
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