FBR Capital Reiterates an 'Outperform' on Home Properties (HME); Our First Home Visit; Touring HME Headquarters
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Price: $75.24 --0%
Rating Summary:
6 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
Rating Summary:
6 Buy, 11 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 12 | Down: 23 | New: 22
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FBR Capital reiterates an 'Outperform' on Home Properties (NYSE: HME).
FBR analyst says, "We reiterate our rating on HME given relative value, defensive cash flows with multifamily “upside,” an attractive niche strategy, a generally high barrier market footprint and a sticky renter base tolerant of pricing increases. Our visit with management strengthened our view that the company remains focused on its core strategy, with a few exceptions. Like many peers, Home is enjoying the open capital spigot, which it continues to use to expand the asset base, upgrade units and selectively develop in core markets."
For more ratings news on Home Properties click here and for the rating history of Home Properties click here.
Shares of Home Properties closed at $60.88 yesterday.
FBR analyst says, "We reiterate our rating on HME given relative value, defensive cash flows with multifamily “upside,” an attractive niche strategy, a generally high barrier market footprint and a sticky renter base tolerant of pricing increases. Our visit with management strengthened our view that the company remains focused on its core strategy, with a few exceptions. Like many peers, Home is enjoying the open capital spigot, which it continues to use to expand the asset base, upgrade units and selectively develop in core markets."
For more ratings news on Home Properties click here and for the rating history of Home Properties click here.
Shares of Home Properties closed at $60.88 yesterday.
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