Nice West Life Assurance Co. Can acquired a brand new place in shares of Meritage Properties Corp (NYSE:MTH) in the course of the 4th quarter, in line with the corporate in its most up-to-date 13F submitting with the Securities & Alternate Fee. The agency acquired 52,532 shares of the development firm’s inventory, valued at roughly $3,186,000. Nice West Life Assurance Co. Can owned about 0.14% of Meritage Properties as of its most up-to-date SEC submitting.
A number of different hedge funds have additionally purchased and offered shares of MTH. Penserra Capital Administration LLC raised its place in shares of Meritage Properties by 25.0% within the third quarter. Penserra Capital Administration LLC now owns 1,900 shares of the development firm’s inventory value $133,00Zero after shopping for an extra 380 shares in the course of the interval. Squarepoint Ops LLC bought a brand new place in shares of Meritage Properties within the third quarter value $2,864,000. Voloridge Funding Administration LLC bought a brand new place in shares of Meritage Properties within the third quarter value $2,832,000. Parametric Portfolio Associates LLC raised its place in shares of Meritage Properties by 34.0% within the third quarter. Parametric Portfolio Associates LLC now owns 209,503 shares of the development firm’s inventory value $14,739,00Zero after shopping for an extra 53,215 shares in the course of the interval. Lastly, Sandler Capital Administration bought a brand new place in shares of Meritage Properties within the third quarter value $6,965,000. Institutional traders and hedge funds personal 98.27% of the corporate’s inventory.
NYSE:MTH opened at $46.82 on Friday. The enterprise’s 50-day shifting common is $68.33 and its two-hundred day shifting common is $67.84. The corporate has a debt-to-equity ratio of 0.52, a present ratio of 1.13 and a fast ratio of 1.13. Meritage Properties Corp has a 12 month low of $40.99 and a 12 month excessive of $76.83. The agency has a market capitalization of $1.79 billion, a PE ratio of seven.32, a price-to-earnings-growth ratio of 0.88 and a beta of 0.83.
Meritage Properties (NYSE:MTH) final launched its quarterly earnings information on Wednesday, January 29th. The development firm reported $2.65 EPS for the quarter, beating the consensus estimate of $1.92 by $0.73. Meritage Properties had a return on fairness of 13.52% and a web margin of 6.83%. The corporate had income of $1.10 billion for the quarter, in comparison with analyst estimates of $1.04 billion. Throughout the identical interval final yr, the corporate posted $1.91 earnings per share. The agency’s income was up 10.8% in comparison with the identical quarter final yr. Equities analysts anticipate that Meritage Properties Corp will put up 6.86 EPS for the present yr.
In different Meritage Properties information, EVP C Timothy White offered 13,583 shares of the agency’s inventory in a transaction dated Tuesday, February 18th. The inventory was offered at a median value of $68.17, for a complete worth of $925,953.11. Following the transaction, the chief vice chairman now straight owns 29,837 shares of the corporate’s inventory, valued at $2,033,988.29. The transaction was disclosed in a submitting with the Securities & Alternate Fee, which is obtainable on the SEC web site. Additionally, CEO Steven J. Hilton offered 28,864 shares of the agency’s inventory in a transaction dated Tuesday, February 18th. The shares have been offered at a median value of $68.17, for a complete worth of $1,967,658.88. The disclosure for this sale might be discovered right here. Insiders offered 80,826 shares of firm inventory value $5,534,778 over the past three months. 6.10% of the inventory is at the moment owned by company insiders.
A number of brokerages not too long ago weighed in on MTH. Goldman Sachs Group started protection on Meritage Properties in a analysis report on Friday, December sixth. They issued a “promote” ranking and a $59.00 goal value on the inventory. ValuEngine lowered Meritage Properties from a “promote” ranking to a “robust promote” ranking in a analysis report on Tuesday, March 10th. Lastly, Evercore ISI raised Meritage Properties from an “in-line” ranking to an “outperform” ranking and elevated their goal value for the inventory from $67.00 to $77.00 in a analysis report on Tuesday, January 28th. Two analysis analysts have rated the inventory with a promote ranking, two have given a maintain ranking, 4 have given a purchase ranking and one has issued a robust purchase ranking to the inventory. The inventory presently has a median ranking of “Maintain” and a median goal value of $70.93.
Meritage Properties Profile
Meritage Properties Company designs and builds single-family houses in the US. The corporate operates by way of two segments, Homebuilding and Monetary Providers. It acquires and develops land; and constructs, markets, and sells houses for first-time and first move-up consumers. The corporate additionally presents luxurious houses; and title insurance coverage and shutting/settlement companies to its homebuyers.
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