Home Properties, Inc. (NYSE:HME)

CAPS Rating: 4 out of 5

The Company is a self-administered and self-managed real estate investment trust that owns, operates, acquires, develops and rehabilitates apartment communities.

Results 1 - 12 of 12

Recs

0
Member Avatar dcrednek (78.81) Submitted: 5/21/2014 8:52:02 AM : Outperform Start Price: $60.23 HME Score: +0.62

Rochester, NY-based REIT that owns, operates, and rehabs apartment complexes. Balance sheet looks stable and the company has added approximately $10/share to BV in the last two years. Based on current P/BV multiple share price should be $80-90 in another two years.

Recs

0
Member Avatar pro505050 (64.76) Submitted: 6/21/2013 11:44:41 AM : Outperform Start Price: $56.24 HME Score: -12.76

I lease apartments all over the nation. My company helped them go "REIT" in 1995 my family and I bought 500 shares $19.00. This is a solid company Nelson is one of the owners in up-state NY. Family owned and growing.

Recs

0
Member Avatar foolfully (62.05) Submitted: 1/27/2012 3:59:13 PM : Outperform Start Price: $51.03 HME Score: -26.54

100

Recs

0
Member Avatar mdk0611 (43.55) Submitted: 9/23/2011 2:50:17 PM : Outperform Start Price: $47.14 HME Score: -41.89

.

Recs

2
Member Avatar Nittany95 (97.43) Submitted: 7/19/2008 9:59:06 AM : Outperform Start Price: $28.85 HME Score: +79.66

HME has figured out how to do it right. They are not chasing all A+ properties/luxury apts. like Avalon or Equity. Instead, they are targeting tenants with modest incomes that are looking for a nice place to live but don't desire to pay top-of-the-line pricing for only slightly better accomodations. This enables HME to buy units cheaper, invest less capital and hit the sweet spot of the rental market - people looking to rent for a few years before they move up to a single family home.

In the current economic environment, the HME strategy also enables them to attract people who need to scale down due to home price/mtg issues.

Besides all of that, they run the shop conservatively, have a nice dividend, and pay attention to shareholders. The only negative I have is that the board of trustees is a bit too cozy with management.

Recs

0
Member Avatar vesseycapital (< 20) Submitted: 5/22/2008 10:24:08 AM : Outperform Start Price: $35.07 HME Score: +36.71

Inverse relationship to U.S. Housing woes and aprtment sector

Recs

0
Member Avatar dbhealy (32.77) Submitted: 3/18/2008 3:57:13 PM : Underperform Start Price: $33.62 HME Score: -48.94

bearish on everything related to housing for the next year

Recs

0
Member Avatar tsperbeck (99.74) Submitted: 11/9/2007 10:12:43 AM : Underperform Start Price: $29.85 HME Score: -75.17

Overvalued; 128% price/fair value.

Recs

0
Member Avatar WBDisciple (83.16) Submitted: 11/2/2007 3:06:47 PM : Underperform Start Price: $32.58 HME Score: -60.26

P/E at historically high. Nearly 11/2

Gone up too much must come down.

Will such rule works? Let see a year from now.

Recs

0
Member Avatar thecyberguy (73.74) Submitted: 9/25/2007 11:36:55 AM : Underperform Start Price: $35.87 HME Score: -42.67

Bad market

Recs

0
Member Avatar RdandMon87 (< 20) Submitted: 8/3/2007 8:10:49 PM : Underperform Start Price: $31.91 HME Score: -58.02

Housing Market is yet to find a bottom, and will continue fall. Subprime market has also taken a beating and with tightening credit lines mortages will be hard to come by, making housing unavailable for many.

Over the Past 4 quarters Net income has been declining. For the quarter ended 12/06 we see a large income # reported but should be significantly discounted due to the income generated from norecurring events.

Recs

0
Member Avatar goodjoel (41.83) Submitted: 12/7/2006 1:41:53 AM : Outperform Start Price: $40.48 HME Score: +10.05

undervalued

Results 1 - 12 of 12

Featured Broker Partners


Advertisement