53.34 0.00 (0.00%)
After hours: 5:29PM EDT
|Bid||53.34 x 1300|
|Ask||53.42 x 1000|
|Day's range||53.24 - 54.07|
|52-week range||37.29 - 55.00|
|Beta (3Y monthly)||0.99|
|PE ratio (TTM)||9.14|
|Earnings date||1 Oct 2019 - 7 Oct 2019|
|Forward dividend & yield||0.16 (0.30%)|
|1y target est||58.69|
Given falling mortgage rates, the housing space looks attractive with existing homes sales rising on a year-over-year basis for the first time in the last 17 months.
Meritage Homes' (MTH) focus on entry-level and first-time buyers bodes well. Yet, higher expenses and lower ASP remain causes of concern.
GW Pharmaceuticals, NetApp, KB Home, PulteGroup, M/I Homes, Lennar and Toll Brothers highlighted as Zacks Bull and Bear of the Day
As increase in disposable income and strength in economy are expected to boost housing demand, let us analyze which is a better pick ??? Lennar (LEN) or D.R. Horton (DHI).
D.R. Horton beats overall while many other homebuilding companies come up with upbeat results. This along with likely Fed rate cut bode well for housing ETFs.
For months, bond investors have been trying to nudge the Federal Reserve into a new easing cycle. However, an easing of sorts has been well underway.
D.R. Horton's (DHI) affordable product offerings across multiple brands and higher deliveries aid the company to post better-than-expected fiscal Q3 results.
The construction sector looks weak, given moderating U.S. economic growth and declining spending. However, lower mortgage rates and solid job market raise hopes.
U.S. existing home sales for June was under pressure while new home sales showed some improvement. Despite this, home building ETFs have been on a tear on upbeat corporate earnings and chances of a Fed rate cut in the near term.
Fifth Wall, a venture capital firm focused on real estate technology, raised $503 million from a group of 50 large U.S., European and Asian property owners who will provide a market for the start-ups and their products it invests in. Venice, California-based Fifth Wall said on Wednesday its real estate venture capital fund is the largest "proptech" investment pool raised to date and its investor base is the largest consortium of property owners ever assembled. Property owners have been slow to adopt technologies that use predictive analytics and sensors, for example, to slash energy consumption or increase efficiency.