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Forestar Group Inc. - FOR STOCK NEWS

Welcome to our dedicated page for Forestar Group news (Ticker: FOR), a resource for investors and traders seeking the latest updates and insights on Forestar Group stock.

Forestar Group Inc. (symbol: FOR) is a leading residential lot development company with substantial operations across the United States. Headquartered in Arlington, Texas, Forestar's strategic focus is on the acquisition and development of entitled real estate into finished residential lots, primarily catering to homebuilders. With a strong emphasis on asset turns and operational efficiency, the company ensures a lower-risk business model by investing in short-duration, phased development projects.

Forestar owns and operates approximately 281,000 acres of real estate across nine states and twelve markets. Additionally, the company holds 622,000 net acres of oil and gas mineral interests, 231,000 acres of forested land, and leases over 224,000 acres for recreational purposes. These diverse holdings underscore Forestar's expansive portfolio and strategic market presence.

The core business of Forestar lies in the development of single-family residential communities, which form the backbone of its real estate projects. The company is renowned for its ability to deliver high-quality, finished residential lots to homebuilders, thereby facilitating the construction of thriving neighborhoods across the nation.

In recent achievements, Forestar has been recognized for its agile approach to market demands and its ability to generate consistent revenue streams through its well-managed real estate assets. The company's partnership with D.R. Horton, Inc., a major U.S. homebuilder, further strengthens its market position and enhances its development capabilities.

Forestar Group Inc.'s financial health is robust, supported by a strategic focus on high-demand markets and efficient project execution. The company continues to make significant strides in the real estate sector, contributing to the growth and development of residential communities nationwide. Stay updated with the latest news and developments to track Forestar's ongoing contributions to the real estate market.

Rhea-AI Summary
Forestar Group Inc. reported a strong fourth quarter and fiscal year ended September 30, 2023, with a 43% increase in net income to $72.4 million in Q4 and a 44% increase in pre-tax income to $95.4 million. For the full fiscal year, net income was $166.9 million, pre-tax income was $221.6 million, and revenues were $1.4 billion on 14,040 lots sold. The company's return on equity was 13.2% and its book value per share increased 14% to $27.43.
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D.R. Horton, Inc. (NYSE:DHI) reported a net income of $1.5 billion or $4.45 per diluted share for the fourth fiscal quarter ended September 30, 2023, and $4.7 billion or $13.82 per diluted share for the fiscal year. Consolidated revenues increased 9% to $10.5 billion for the quarter and 6% to $35.5 billion for the year. The Company's debt to total capital ratio at September 30, 2023, was 18.3%. The Company repurchased 3.5 million shares of common stock for $423.1 million during the fourth quarter of fiscal 2023.
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D.R. Horton, Inc. to release Q4 and FY 2023 financial results on November 7, 2023 before the market opens. Conference call at 8:30 a.m. ET. Webcast available. Replay available until November 14, 2023.
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Forestar Group Inc. will release financial results for Q4 and fiscal year ended September 30, 2023 on November 7, 2023. Conference call to be held at 5:00 p.m. ET. Webcast available. Replay available until November 18, 2023.
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D.R. Horton promotes Paul J. Romanowski to CEO, effective October 1, 2023
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Forestar Group Inc. reported financial results for Q3 2023, with net income increasing 18% to $46.8 million and consolidated revenues increasing 20% to $368.9 million. The company sold 3,812 lots during the quarter and owned 73,000 lots as of June 30, 2023. Forestar is confident about its ability to capitalize on opportunities in the homebuilding industry.
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D.R. Horton reports net income of $1.3 billion in Q3 2023, a decrease of 19% compared to the same quarter in 2022. Consolidated revenues increased by 11% to $9.7 billion. Net sales orders increased by 37% to 22,879 homes and 26% in value to $8.7 billion.
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FAQ

What is the current stock price of Forestar Group (FOR)?

The current stock price of Forestar Group (FOR) is $25.96 as of December 20, 2024.

What is the market cap of Forestar Group (FOR)?

The market cap of Forestar Group (FOR) is approximately 1.3B.

What is Forestar Group Inc.'s main business?

Forestar Group Inc. focuses on the development of residential lots for homebuilders, primarily in single-family residential communities.

How much real estate does Forestar Group Inc. own?

Forestar Group Inc. owns approximately 281,000 acres of real estate across nine states and twelve markets.

What other interests does Forestar Group Inc. hold?

Forestar holds 622,000 net acres of oil and gas mineral interests, 231,000 acres of forested land, and leases over 224,000 acres for recreational purposes.

Where is Forestar Group Inc. headquartered?

Forestar Group Inc. is headquartered in Arlington, Texas.

What type of development projects does Forestar Group Inc. undertake?

Forestar undertakes short-duration, phased development projects focused on creating finished residential lots.

Who are Forestar Group Inc.'s main clients?

Forestar's primary clients are homebuilders who purchase finished residential lots for constructing single-family homes.

What is Forestar Group Inc.'s business strategy?

Forestar employs a lower-risk business model focused on asset turns, operational efficiency, and short-duration development projects.

What recent achievements has Forestar Group Inc. made?

Forestar has been recognized for its agile market approach, consistent revenue generation, and partnership with D.R. Horton, Inc.

How does Forestar Group Inc. ensure financial stability?

Forestar focuses on high-demand markets, efficient project execution, and strategic partnerships to maintain financial health.

Where can I find the latest news about Forestar Group Inc.?

Stay updated with the latest news and developments about Forestar Group Inc. on their official website and stock market news platforms.

Forestar Group Inc.

NYSE:FOR

FOR Rankings

FOR Stock Data

1.29B
18.98M
62.59%
36.59%
0.64%
Real Estate - Development
Real Estate
Link
United States of America
ARLINGTON