A number of other research firms also recently commented on FOR. BTIG Research raised shares of Forestar Group from a neutral rating to a buy rating and set a $32.00 target price on the stock in a research report on Friday, July 21st. Citigroup lifted their price target on shares of Forestar Group from $30.00 to $32.00 and gave the stock a buy rating in a report on Monday, July 24th.
Forestar Group Trading Up 1.9 %
Institutional Investors Weigh In On Forestar Group
Institutional investors have recently bought and sold shares of the stock. Federated Hermes Inc. grew its holdings in Forestar Group by 1,601.6% in the third quarter. Federated Hermes Inc. now owns 1,038 shares of the oil and gas exploration company’s stock valued at $28,000 after purchasing an additional 977 shares during the period. Lazard Asset Management LLC purchased a new stake in Forestar Group in the third quarter valued at approximately $32,000. Acadian Asset Management LLC purchased a new stake in Forestar Group in the second quarter valued at approximately $34,000. Envestnet Asset Management Inc. purchased a new stake in Forestar Group in the first quarter valued at approximately $35,000. Finally, JBF Capital Inc. grew its holdings in Forestar Group by 25.0% in the second quarter. JBF Capital Inc. now owns 2,500 shares of the oil and gas exploration company’s stock valued at $56,000 after purchasing an additional 500 shares during the period. 35.94% of the stock is currently owned by hedge funds and other institutional investors.
Forestar Group Company Profile
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 local, regional, and national homebuilders. The company is headquartered in Arlington, Texas.
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