TheStreet upgraded shares of Forestar Group Inc. (NYSE:FOR) from a sell rating to a hold rating in a research note issued to investors on Monday morning.

Separately, Zacks Investment Research downgraded shares of Forestar Group from a buy rating to a hold rating in a research note on Monday, November 7th.

Forestar Group (NYSE:FOR) traded up 0.39% during midday trading on Monday, hitting $12.85. 367,003 shares of the stock traded hands. The firm’s 50-day moving average is $11.53 and its 200-day moving average is $11.94. Forestar Group has a 52-week low of $7.95 and a 52-week high of $13.98. The company has a market cap of $438.16 million, a price-to-earnings ratio of 73.85 and a beta of 1.70.

A number of large investors have recently added to or reduced their stakes in FOR. Societe Generale purchased a new position in Forestar Group during the second quarter worth $102,000. BlackRock Inc. boosted its position in Forestar Group by 147.4% in the second quarter. BlackRock Inc. now owns 9,643 shares of the oil and gas exploration company’s stock worth $115,000 after buying an additional 5,745 shares during the period. BNP Paribas Arbitrage SA boosted its position in Forestar Group by 125.3% in the second quarter. BNP Paribas Arbitrage SA now owns 10,462 shares of the oil and gas exploration company’s stock worth $124,000 after buying an additional 5,819 shares during the period. Trexquant Investment LP purchased a new position in Forestar Group during the second quarter worth $125,000. Finally, Stifel Financial Corp boosted its position in Forestar Group by 2.5% in the second quarter. Stifel Financial Corp now owns 11,049 shares of the oil and gas exploration company’s stock worth $131,000 after buying an additional 269 shares during the period.

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About Forestar Group

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments: Real Estate, Oil and Gas, and Other Natural Resources. Its Real Estate segment secures entitlements and develops infrastructure on its lands for single-family residential and mixed-use communities, and manages its undeveloped land, commercial and income producing properties, mainly a hotel and its multifamily properties.

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