ValuEngine cut shares of Forestar Group (NYSE:FOR) from a buy rating to a hold rating in a research report released on Friday morning.

Shares of Forestar Group (NYSE FOR) traded up $0.10 during midday trading on Friday, hitting $22.35. 287,096 shares of the stock traded hands, compared to its average volume of 297,804. Forestar Group has a 52-week low of $12.30 and a 52-week high of $22.45. The firm has a market capitalization of $933.14, a price-to-earnings ratio of 19.18 and a beta of 1.92. The company has a quick ratio of 26.13, a current ratio of 26.13 and a debt-to-equity ratio of 0.18.

Several hedge funds and other institutional investors have recently made changes to their positions in FOR. Arizona State Retirement System raised its holdings in shares of Forestar Group by 0.6% in the 2nd quarter. Arizona State Retirement System now owns 17,286 shares of the oil and gas exploration company’s stock worth $296,000 after acquiring an additional 100 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Forestar Group by 0.7% in the 2nd quarter. Louisiana State Employees Retirement System now owns 13,500 shares of the oil and gas exploration company’s stock worth $232,000 after acquiring an additional 100 shares during the last quarter. Stifel Financial Corp raised its holdings in shares of Forestar Group by 1.8% in the 2nd quarter. Stifel Financial Corp now owns 10,632 shares of the oil and gas exploration company’s stock worth $182,000 after acquiring an additional 183 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Forestar Group by 1.4% in the 2nd quarter. Texas Permanent School Fund now owns 24,187 shares of the oil and gas exploration company’s stock worth $415,000 after acquiring an additional 339 shares during the last quarter. Finally, AGF Investments America Inc. raised its holdings in shares of Forestar Group by 3.6% in the 2nd quarter. AGF Investments America Inc. now owns 31,081 shares of the oil and gas exploration company’s stock worth $533,000 after acquiring an additional 1,086 shares during the last quarter. Hedge funds and other institutional investors own 80.21% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This news story was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this news story on another domain, it was stolen and reposted in violation of U.S. and international copyright and trademark law. The legal version of this news story can be accessed at https://www.thecerbatgem.com/2017/12/02/forestar-group-for-downgraded-to-hold-at-valuengine.html.

Forestar Group Company Profile

Forestar Group Inc is a residential and mixed-use real estate development company. The Company operates through three segments. The Real Estate segment secures entitlements and develops infrastructure on its lands, for single-family residential and mixed-use communities. The Mineral resources segment is focused on its owned oil and gas mineral interests through promoting exploration, development and production activities.

Receive News & Stock Ratings for Forestar Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Forestar Group Inc and related stocks with our FREE daily email newsletter.