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$53.56 0.65 (1.23%)
8/28/2008 4:01 PM

Home Properties, Inc. (HME)

CAPS Rating:
*

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

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What the Community Thinks

Total Members

37 Outperforms
45 Underperforms
 

All-Stars

10 Outperforms
24 Underperforms
 

Wall Street

2 Outperforms
0 Underperforms
 

Members bullish on HME are also bullish on:

Members bearish on HME are also bearish on:

Ticker Tags

REIT - Residential (32), Small Cap (1922)
Suggest a tag

Home Properties, Inc. At A Glance

Current Price: $53.56
Last Trade Time: 8/28/2008 4:01 PM
Open: $53.14
Previous Close: $52.91
Daily Range: $52.47 - $53.68
52-Week Range: $39.17 - $57.43
Volume: 497,883
Market Cap: $1.69B
P/E Ratio: 57.51
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Stock Trends

HME VS S&P 500 (SPY)

HME 12 month chart vs. S&P

News & Discussion Boards

Other News Headlines for HME

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Top Bull Pitch

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Top Bear Pitch

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CAPS Members

picks per page. CHANGE

Results 1 - 5 of 9 :   1 2 Next »

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Recs

0

 (HME)

Avatar dexion10 (89.05) Submitted: 8/11/08 4:39 PM : Underperform Start Price: $56.60 HME Score: 5.27

This apt REIT has seen several insiders sell over 20% of their direct stakes and it is my expectation that rental rates will chase home prices down as the two compete for customers. Additionally the vacancy rate of 5% is fairly low any rise would cause a material impact to cash flow.

Lastly I believe the liquidation value of the trust has fallen as a result of the credit crisis and housing bubbles.

The company has leverage of 3x equity - which could work against should interest rates rise next year... higher borrowing costs will lower the funds from operation.

Finally the yield of < 5% isn't enough to keep investors invovled given the risks

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Recs

0

 (HME)

Avatar Nittany95 (95.40) Submitted: 7/19/08 9:59 AM : Outperform Start Price: $40.19 HME Score: 41.68

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.

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Recs

0

 (HME)

Avatar vesseycapital (< 20) Submitted: 5/22/08 10:24 AM : Outperform Start Price: $48.86 HME Score: 16.51

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

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Recs

0

 (HME)

Avatar dbhealy (99.93) Submitted: 3/18/08 3:57 PM : Underperform Start Price: $46.83 HME Score: -25.01

bearish on everything related to housing for the next year

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Recs

0

 (HME)

Avatar tsperbeck (37.41) Submitted: 11/09/07 10:12 AM : Underperform Start Price: $41.59 HME Score: -39.67

Overvalued; 128% price/fair value.

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Results 1 - 5 of 9 :   1 2 Next »

Wall Street

Results 1 - 2 of 2  

picks per page. CHANGE

Top
Pick
Member NameMember RatingStart
Date
CallTime FrameStart
Price
Stock
Gain
S&P
Gain
ScorePitch
TrackKeyBanc 98.95 12/19/07 Outperform NS $41.61+28.73%-11.28%+40.01
TrackWachovia 78.21 10/03/06 Outperform NS $53.33+0.43%-2.02%+2.45

Results 1 - 2 of 2  

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