Forestar traded at $31.04 this Wednesday June 24th, increasing $1.66 or 5.65 percent since the previous trading session. Looking back, over the last four weeks, Forestar gained 17.75 percent. Over the last 12 months, its price rose by 56.77 percent. Looking ahead, we forecast Forestar to be priced at 28.71 by the end of this quarter and at 26.97 in one year, according to Trading Economics global macro models projections and analysts expectations.
Forestar Group Inc is a residential lot development company. The Company acquires entitled real estate and develops it into finished residential lots for sale to homebuilders. It operates through its real estate segment. Its real estate segment acquires land and develops infrastructure for single-family residential communities and sells residential single-family finished lots to local, regional, and national homebuilders. It is engaged in project planning and management activities related to entitlement, acquisition, community development and sale of residential lots. It focuses on developing single-family residential communities for entry-level, first-time and first-time move-up homebuyers. It also manages the process of community design through infrastructure construction. Its commercial tracts are developed internally or ventured with commercial developers that specialize in the construction and operation of properties, such as apartments, retail centers or office buildings.