WCI Communities Inc. (WCIC) Receives Consensus Rating of “Buy” from Brokerages
WCI Communities Inc. (NYSE:WCIC) has been given a consensus recommendation of “Buy” by the nine ratings firms that are covering the company. One analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $20.95.
A number of analysts have recently issued reports on the stock. Zacks Investment Research cut shares of WCI Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, August 2nd. Wedbush assumed coverage on shares of WCI Communities in a research report on Monday, September 19th. They set a “neutral” rating and a $21.00 price target on the stock. Credit Suisse Group AG reaffirmed a “buy” rating on shares of WCI Communities in a research report on Tuesday, July 12th. TheStreet raised shares of WCI Communities from a “hold” rating to a “buy” rating in a research report on Monday, August 15th. Finally, JMP Securities assumed coverage on shares of WCI Communities in a research report on Wednesday, August 31st. They set an “outperform” rating and a $18.77 price target on the stock.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in WCI Communities by 584.8% in the second quarter. BlackRock Inc. now owns 6,759 shares of the company’s stock valued at $115,000 after buying an additional 5,772 shares in the last quarter. BlackRock Advisors LLC raised its position in WCI Communities by 24.8% in the second quarter. BlackRock Advisors LLC now owns 10,658 shares of the company’s stock valued at $180,000 after buying an additional 2,116 shares in the last quarter. American International Group Inc. raised its position in WCI Communities by 33.5% in the second quarter. American International Group Inc. now owns 12,468 shares of the company’s stock valued at $211,000 after buying an additional 3,126 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in WCI Communities during the second quarter valued at approximately $224,000. Finally, Metropolitan Life Insurance Co. NY raised its position in WCI Communities by 48.7% in the second quarter. Metropolitan Life Insurance Co. NY now owns 15,960 shares of the company’s stock valued at $270,000 after buying an additional 5,227 shares in the last quarter. 94.20% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WCI Communities (NYSE:WCIC) traded up 0.55% during trading on Monday, hitting $23.65. 14,634 shares of the stock were exchanged. WCI Communities has a 52 week low of $15.41 and a 52 week high of $25.00. The firm has a market capitalization of $622.89 million, a P/E ratio of 17.53 and a beta of 1.43. The firm has a 50 day moving average price of $20.99 and a 200 day moving average price of $18.19.
WCI Communities (NYSE:WCIC) last posted its earnings results on Wednesday, July 27th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company earned $167.40 million during the quarter, compared to analysts’ expectations of $156.99 million. WCI Communities had a net margin of 5.80% and a return on equity of 7.55%. WCI Communities’s quarterly revenue was up 11.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS. Analysts forecast that WCI Communities will post $1.32 EPS for the current fiscal year.
WCI Communities Company Profile
WCI Communities, Inc is a holding company. The Company is a lifestyle community developer and luxury homebuilder of single- and multi-family homes, including luxury high-rise tower units, in coastal Florida’s markets. The Company’s segments include Homebuilding, Real Estate Services and Amenities. The Homebuilding segment designs, sells and builds single- and multi-family homes and tower units.
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