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Last $74.07 USD
Change Today -0.14 / -0.19%
Volume 906.0K
As of 8:04 PM 09/1/15 All times are local (Market data is delayed by at least 15 minutes).

home properties inc (HME) Snapshot

Open
$74.21
Previous Close
$74.21
Day High
$74.38
Day Low
$74.01
52 Week High
05/15/15 - $77.53
52 Week Low
09/25/14 - $57.30
Market Cap
4.3B
Average Volume 10 Days
942.9K
EPS TTM
$2.24
Shares Outstanding
58.0M
EX-Date
05/8/15
P/E TM
33.1x
Dividend
$3.04
Dividend Yield
4.02%
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. Reports Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015

Home Properties. Inc. reported unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $176.884 million against $165.583 million a year ago. Income from continuing operations, before gain on disposition of real estate was $32.150 million against $25.587 million a year ago. Income from continuing operations was $32.150 million against $25.587 million a year ago. Net income attributable to common stockholders was $27.431 million against $22.469 million a year ago. FFO was $79.853 million against $71.050 million a year ago. Operating FFO was $83.238 million against $75.166 million a year ago. AFFO was $70.724 million against $61.956 million a year ago. Operating AFFO was $74.109 million against $66.072 million a year ago. FFO per diluted share was $1.16 against $1.04 a year ago. Net income per diluted share was $0.47 against $0.39 a year ago. Operating FFO per diluted share was $1.21 against $1.11 a year ago. AFFO per diluted share was $1.03 against $0.91 a year ago. Operating AFFO per diluted share was $1.08 against $0.97 a year ago. For the six months, the company reported total revenues of $353.528 million against $330.881 million a year ago. Income from continuing operations, before gain on disposition of real estate was $59.037 million against $47.418 million a year ago. Income from continuing operations was $99.453 million against $47.418 million a year ago. Net income attributable to common stockholders was $84.789 million against $68.260 million a year ago. FFO was $154.082 million against $137.804 million a year ago. Operating FFO was $157.777 million against $142.730 million a year ago. AFFO was $135.758 million against $120.381 million a year ago. Operating AFFO was $139.453 million against $124.505 million a year ago. FFO per diluted share was $2.25 against $2.04 a year ago. Operating FFO per diluted share was $2.30 against $2.10 a year ago. Net income per diluted share was $1.45 against $1.18 a year ago. AFFO per diluted share was $1.98 against $1.77 a year ago. Operating AFFO per diluted share was $2.03 against $1.83 a year ago.

Home Properties Inc. to Report Q2, 2015 Results on Jul 30, 2015

Home Properties Inc. announced that they will report Q2, 2015 results on Jul 30, 2015

Home Properties Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter and Full Year of 2015; Announces Regular Cash Dividend for the Quarter Ended March 31, 2015, Payable on May 22, 2015

Home Properties Inc. announced consolidated unaudited earnings results for the first quarter ended March 31, 2015. For the quarter, the company total revenues were $176,644,000 against $165,298,000 a year ago. Income from continuing operations was $67,303,000 against $21,831,000 a year ago. Net income was $67,303,000 against $53,971,000 a year ago. Net income attributable to common stockholders was $57,358,000 against $45,791,000 a year ago. FFO basic and diluted was $74,229,000 against $67,555,000 a year ago. AFFO was $65,037,000 against $58,426,000 a year ago. Operating FFO was $74,539,000 against $67,563,000 a year ago. Net income diluted per share was $0.98 against $0.79 a year ago. FFO diluted per share was $1.08 against $1.00 a year ago. Operating FFO per share was $1.09 against $1.00 a year ago. AFFO per share was $0.95 against $0.86 a year ago. Operating AFFO per share was $0.95 against $0.86 a year ago. The guidance range of expected FFO per share for the second quarter of 2015 is $1.13 to $1.17. The guidance range of expected OFFO per share for the second quarter of 2015 is $1.13 to $1.17. For 2015, the company expects FFO between $4.59 and $4.71 per share, which will produce growth of 6.1% to 8.9% when compared to 2014 results. The company expects 2015 OFFO per share between $4.54 and $4.66. The company announced a regular cash dividend on the company's common shares of $0.76 per share for the quarter ended March 31, 2015. The dividend is payable on May 22, 2015 to shareholders of record on May 12, 2015 and is equivalent to an annualized rate of $3.04 per share. The current annual dividend represents a 4.1% yield based on the April 29 closing price of $73.89. Home Properties' common stock will begin trading ex-dividend on May 8, 2015.

 

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Industry Analysis

HME

Industry Average

Valuation HME Industry Range
Price/Earnings 33.3x
Price/Sales 6.2x
Price/Book 2.6x
Price/Cash Flow 11.8x
TEV/Sales 2.3x
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