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Last $67.81 USD
Change Today +0.28 / 0.41%
Volume 7.5K
HME On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 9:44 AM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

home properties inc (HME) Snapshot

Open
$67.95
Previous Close
$67.53
Day High
$68.11
Day Low
$67.61
52 Week High
01/28/15 - $73.98
52 Week Low
09/25/14 - $57.30
Market Cap
3.9B
Average Volume 10 Days
352.2K
EPS TTM
$1.49
Shares Outstanding
57.8M
EX-Date
02/12/15
P/E TM
45.6x
Dividend
$3.04
Dividend Yield
4.33%
Current Stock Chart for HOME PROPERTIES INC (HME)

home properties inc (HME) Related Businessweek News

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home properties inc (HME) Details

Home Properties, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It is engaged in the ownership, management, acquisition, rehabilitation and development of residential apartment communities. The firm also invests in townhomes and offices. Home Properties, Inc. was founded in November 1993 and is based in Rochester, New York.

1,200 Employees
Last Reported Date: 02/24/15
Founded in 1993

home properties inc (HME) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $550.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $350.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $310.0K
Senior Vice President of Property Management ...
Total Annual Compensation: $287.9K
Chief Investment Officer and Senior Vice Pres...
Total Annual Compensation: $280.0K
Compensation as of Fiscal Year 2014.

home properties inc (HME) Key Developments

Home Properties Inc. Acquires Apartment Community

Home Properties Inc. announced that on February 19, 2015 it purchased Longbrook Apartments in Matawan, New Jersey and renamed it Sutton Pointe Apartments. The 241-unit community was purchased for $31 million in cash, which equates to approximately $128,600 per apartment unit. At closing, Sutton Pointe was 87.1% occupied at monthly rents averaging $1,243. The property is located along Sutton Drive within walking distance of the Aberdeen-Matawan Train Station and less than one mile from Exit 120 of the Garden State Parkway, making it a 45-minute drive from Manhattan. The 51-year-old property consists of 19 garden-style, 2-story buildings. Buildings are of wood-frame construction with brick veneer and wood trim exterior over concrete block basement/crawl spaces.

Home Properties Inc. Declares Cash Dividend for the Quarter Ended December 31, 2014; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

Home Properties Inc. declared a regular cash dividend on the company's common shares of $0.76 per share for the quarter ended December 31, 2014. This is an increase of $0.03 per share, or 4.1%. The dividend is payable on February 27, 2015 to shareholders of record on February 17, 2015 and is equivalent to an annualized rate of $3.04 per share. The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company’s total revenues were $172,491,000 compared to $161,795,000 for the same period of last year. Income from continuing operations was $31,284,000 compared to $29,838,000 for the same period of last year. FFO was $78,875,000 or $1.14 per diluted share compared to $75,187,000 or $0.99 per diluted share for the same period of last year. Operating FFO was $79,092,000 or $1.16 per diluted share compared to $75,451,000 or $1.12 per diluted share for the same period of last year. AFFO was $69,606,000 or $1.02 per diluted share compared to $66,330,000 or $0.98 per diluted share for the same period of last year. Operating AFFO was $69,823,000 or $1.02 per diluted share compared to $66,594,000 or $0.98 per diluted share for the same period of last year. Net income attributable to common stockholders was $66,434,000 compared to $56,919,000 for the same period of last year. Earnings per share was $1.14 compared to $0.99 in the fourth quarter of 2013. For the year, the company’s total revenues were $671,915,000 compared to $639,802,000 for the same period of last year. Income from continuing operations was $108,846,000 compared to $103,434,000 for the same period of last year. FFO was $294,256,000 or $4.33 per diluted share compared to $284,780,000 or $4.37 per diluted share for the same period of last year. Operating FFO was $298,932,000 or $4.39 per diluted share compared to $285,092,000 or $4.37 per diluted share for the same period of last year. AFFO was $257,473,000 or $3.78 per diluted share compared to $249,093,000 or $3.82 per diluted share for the same period of last year. Operating AFFO was $262,149,000 or $3.85 per diluted share compared to $249,405,000 or $3.83 per diluted share for the same period of last year. Net income attributable to common stockholders was $160,938,000 compared to $160,873,000 for the same period of last year. EPS was $2.78 per share compared to $2.93 per share for year ended December 31, 2013. The $0.15 per share decrease is primarily attributable to charges of $0.08 per share incurred in connection with the Company's exit from the business of developing new apartment communities and a $0.16 reduction in discontinued operations, partially offset by an increase of $0.10 per share from continuing operations. The company also reported impairment and other charges for the quarter of $516,000. For 2015, the company expects FFO per share between $4.57 and $4.73, which will produce growth of 5.6% to 9.3% when compared to 2014 results. The guidance range of expected FFO per share for the first quarter of 2015 is $1.08 to $1.12.

Home Properties Inc. to Report Q4, 2014 Results on Feb 05, 2015

Home Properties Inc. announced that they will report Q4, 2014 results on Feb 05, 2015

 

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Industry Analysis

HME

Industry Average

Valuation HME Industry Range
Price/Earnings 48.2x
Price/Sales 5.7x
Price/Book 2.3x
Price/Cash Flow 11.3x
TEV/Sales 1.7x
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