Forestar Group Inc. (N:FOR)

Business Focus: Real Estate Development & Operations

Nov 07, 2019 06:55 am ET
Forestar Reports Fiscal 2019 Fourth Quarter Earnings of $0.30 Per Diluted Share
Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported financial results for its fourth quarter ended September 30, 2019. Net income attributable to Forestar for the fourth quarter of fiscal 2019 was $12.7 million or $0.30 per diluted share. Revenues for the fourth quarter of fiscal 2019 increased 634% to $236.3 million from $32.2 million in the same quarter of fiscal 2018. Residential lots sold in the quarter increased 351% to 1,908 lots compared to 423 lots in the same quarter of fiscal 2018.
Oct 08, 2019 09:00 am ET
Forestar to Release 2019 Fourth Quarter and Fiscal Year-End Earnings on November 7, 2019
Forestar Group Inc. (NYSE: FOR) announced today that the Company will release financial results for its fourth quarter and fiscal year ended September 30, 2019 on Thursday, November 7, 2019 after the market closes. The Company will host a conference call that afternoon at 5:00 p.m. Eastern Time (ET). The dial-in number is 877-407-9205. Participants are encourag
Sep 26, 2019 05:55 pm ET
Forestar Announces Underwriters’ Full Exercise of Option to Purchase Additional Shares
Forestar Group Inc. (NYSE: FOR) (“Forestar”) announced today that the underwriters for its previously announced public offering have exercised in full their option to purchase an additional 787,500 shares of Forestar’s common stock. The additional shares will be offered at a price to the public of $17.50 per share. Total gross proceeds from this offering, including the underwriters’ option to purchase additional shares, are expected to be approximately $105.7 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Forestar. The offering is ex
Sep 25, 2019 07:40 pm ET
Forestar Prices Public Offering of Common Stock
Forestar Group Inc. (NYSE: FOR) (“Forestar”) announced today the pricing of an underwritten public offering of 5,250,000 shares of its common stock, offered at a price to the public of $17.50 per share. The gross proceeds from this offering to Forestar are expected to be approximately $91.9 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by Forestar. Forestar has granted the underwriters a 30-day option to purchase up to an additional 787,500 shares of its common stock. The offering is expected to close on or about September 30, 2019, su
Sep 24, 2019 04:01 pm ET
Forestar Commences Public Offering of Common Stock
Forestar Group Inc. (NYSE: FOR) (“Forestar”) announced today that it is offering to sell 5,250,000 shares of its common stock in an underwritten public offering. As part of this offering, Forestar intends to grant the underwriters a 30-day option to purchase up to an additional 787,500 shares of its common stock. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.
Jul 25, 2019 04:01 pm ET
Forestar Reports Fiscal 2019 Third Quarter Earnings of $0.16 Per Diluted Share
Forestar Group Inc. ("Forestar") (NYSE: FOR), a leading national residential lot developer, today reported financial results for its third quarter ended June 30, 2019. Net income attributable to Forestar for the third quarter of fiscal 2019 was $6.9 million, or $0.16 per diluted share. Revenues for the third quarter of fiscal 2019 increased 274% to $88.2 million from $23.6 million in the same quarter of fiscal 2018. Residential lots sold in the quarter increased 290% to 1,158 lots compared to 297 lots in the same quarter of fiscal 2018.
Jul 25, 2019 09:00 am ET
Reminder: Forestar to Host 2019 Third Quarter Earnings Conference Call Today
Forestar Group Inc. (NYSE: FOR) invites you to join its earnings conference call to discuss the Company’s financial results for its third fiscal quarter ended June 30, 2019 at 5:00 p.m. Eastern Time (ET) today. The dial-in number is 877-407-9205. The call will also be webcast from Forestar’s investor relations website at
Jun 17, 2019 10:00 am ET
Forestar to Release 2019 Third Quarter Earnings on July 25, 2019
Forestar Group Inc. (NYSE: FOR) announced today that the Company will release financial results for its third fiscal quarter ended June 30, 2019 on Thursday, July 25, 2019 after the market closes. The Company will host a conference call that afternoon at 5:00 p.m. Eastern Time (ET). The dial-in number is 877-407-9205. Partic
May 08, 2019 10:00 am ET
Forestar to Present at the 12th Annual J.P. Morgan Homebuilding and Building Products Conference
Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that the Company will make a presentation to the investment community via webcast at the 12th Annual J.P. Morgan Homebuilding and Building Products Conference on Wednesday, May 15, 2019 at 3:55 p.m. Eastern Time.
Apr 18, 2019 07:00 am ET
Forestar Financial Information to be Included in D.R. Horton’s Earnings Release and Conference Call on April 25, 2019
Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that as a majority-owned subsidiary of D.R. Horton,
Apr 05, 2019 02:24 pm ET
Forestar Announces Pricing of $350 Million Offering of Senior Unsecured Notes
Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that it has priced an offering of $350 million aggregate principal amount of 8.000% senior unsecured notes due 2024 (the “Notes”). The Notes were offered and will be sold in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), and to non-U.S. persons in transactions outside the United States pursuant to Regulation S under the Securities Act. The offering is expected to close on April 12, 2019, s
Jan 25, 2019 08:10 am ET
Investor Expectations to Drive Momentum within Hercules Capital, Alexandria Real Estate Equities, Ironwood Pharmaceuticals, 22nd Century Group, BorgWarner, and Forestar Group — Discovering Underlying
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Hercules Capital, Inc. (NYSE:HTGC), Alexandria Real Estate Equities,...
Jan 18, 2019 08:30 am ET
Forestar Financial Information to Be Included in D.R. Horton’s Earnings Release and Conference Call on January 25, 2019
Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that as a majority-owned subsidiary of D.R. Horton,
Dec 12, 2018 09:00 am ET
Forestar to Host Investor Conference Call Today
Forestar Group Inc. (Forestar) (NYSE: FOR) invites you to join its investor call at 12:00 p.m. Eastern Time (ET) today. As previously announced, the call will be led by Forestar and D.R. Horton executives and will provide an update on Forestar’s strategy, growth opportunities and capital plans. The dial-in number i
Nov 20, 2018 10:30 am ET
Forestar to Host Investor Conference Call on December 12, 2018
Forestar Group Inc. (Forestar) (NYSE: FOR) announced that it will host an investor conference call at 12:00 p.m. Eastern Time (ET) on Wednesday, December 12, 2018. The call will be led by Forestar and D.R. Horton executives and will provide an update on Forestar’s strategy, growth opportunities and capital plans. T
Nov 01, 2018 07:30 am ET
Forestar Financial Information to Be Included in D.R. Horton’s Earnings Release and Conference Call on November 8, 2018
Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that as a majority-owned subsidiary of D.R. Horton,
Oct 18, 2018 09:25 am ET
Investor Expectations to Drive Momentum within Aethlon Medical, Jaguar Animal Health, Advaxis, Forestar Group, Platform Specialty Products, and AVEO Pharmaceuticals — Discovering Underlying Factors of
In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors, traders, and shareholders of Aethlon Medical, Inc. (NASDAQ:AEMD), Jaguar Animal Health, Inc....
Aug 27, 2018 08:25 am ET
Report: Exploring Fundamental Drivers Behind Hemispherx BioPharma, Express, Senseonics, Forestar Group, CoBiz Financial, and Beacon Roofing Supply — New Horizons, Emerging Trends, and Upcoming Develop
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Hemispherx BioPharma, Inc. (NYSE:HEB), Express, Inc. (NYSE:EXPR),...
Aug 17, 2018 06:55 am ET
Forestar Announces New $380 Million Senior Unsecured Revolving Credit Facility
Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that it has entered into a three-year $380 million senior unsecured revolving credit facility. The facility has an uncommitted $190 million accordion feature which could increase the facility to $570 million, subject to certain conditions and availability of additional
Jul 19, 2018 08:30 am ET
Forestar Financial Information to Be Included in D.R. Horton’s Earnings Release and Conference Call on July 26, 2018
Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that as a majority-owned subsidiary of D.R. Horton, I
Jun 25, 2018 07:30 am ET
Factors of Influence in 2018, Key Indicators and Opportunity within Dr Pepper Snapple Group, United Therapeutics, Universal Health Realty Income Trust, Forestar Group, Schlumberger, and Thermo Fisher
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Dr Pepper Snapple Group, Inc. (NYSE:DPS), United Therapeutics Corporation...
May 07, 2018 08:20 am ET
Market Trends Toward New Normal in Forestar Group, Altria Group, Investors, Brighthouse Financial, Monsanto, and Cleveland-Cliffs — Emerging Consolidated Expectations, Analyst Ratings
In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Forestar Group Inc (NYSE:FOR), Altria Group, Inc. (NYSE:MO), Investors...
Mar 05, 2018 07:50 am ET
New Research Coverage Highlights KalVista Pharmaceuticals, Forestar Group, Unum Group, 22nd Century Group, Chevron, and The Michaels Companies — Consolidated Revenues, Company Growth, and Expectations
NEW YORK, March 05, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of KalVista Pharmaceuticals, Inc. (NASDAQ:KALV), Forestar Group...
Feb 08, 2018 04:35 pm ET
Starwood Capital Group Acquires Residential and Commercial Real Estate Portfolio from Forestar Group
MIAMI, Feb. 8, 2018 /PRNewswire/ -- A joint venture between an affiliate of Starwood Capital Group, a leading global private investment firm, and an affiliate of Land Strategies Management (DBA Starwood Land Advisors), announced today that it has acquired a diverse portfolio of residential and commercial real estate assets concentrated in high-growth markets throughout Texas, the Southeast and the Western United States. The venture acquired equity interests in the portfolio from Forestar Group (NYSE: FOR) ("Forestar") for $232 million....
Feb 08, 2018 04:30 pm ET
Forestar Announces Strategic Asset Sale to Starwood Capital Group for $232 Million
Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced a strategic asset sale for $232 million to a joint venture between an affiliate of Starwood Capital Group (“Starwood”), a leading global private investment firm, and an affiliate of Land Strategies Management (DBA Starwood Land Advisors). The strategic sale includes 20 legacy community development projects owned both directly and indirectly through ventures primarily consisting of approximately 750 developed and under development lots and over 4,000 future undeveloped lots, 730 unentit
Jan 18, 2018 06:50 am ET
Forestar Financial Information to Be Included in D.R. Horton’s Earnings Release and Conference Call on January 31, 2018
Forestar Group Inc. (“Forestar”) (NYSE: FOR) announced that as a majority-owned subsidiary of D.R. Horton,
Dec 21, 2017 06:50 am ET
Forestar Appoints Daniel C. Bartok as Chief Executive Officer
Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced that Phillip J. Weber, Chief Executive Officer, will step down from this position effective December 28, 2017 and Daniel C. Bartok has been appointed Chief Executive Officer of Forestar effective December 29, 2017. Weber plans to assist Forestar in the transition.
Oct 12, 2017 04:45 pm ET
Forestar Announces Fundamental Change and Make-Whole Fundamental Change Relating to Outstanding Convertible Senior Notes
Forestar Group Inc. (“Forestar”) today announced that it has delivered a notice to holders of its 3.75% Convertible Senior Notes due 2020 (the “Notes”), pursuant to the indenture governing the Notes (as supplemented, the “Indenture”), notifying holders that, as a result of the merger (the “Merger”) pursuant to the Agreement and Plan of Merger, dated as of June 29, 2017, among D.R. Horton Inc. (“D.R. Horton”), Force Merger Sub, Inc. and Forestar, a “Fundamental Change” and a “Make-Whole Fundamental Change,” each as defined in the Indenture, occur
Oct 05, 2017 04:40 pm ET
D.R. Horton and Forestar Announce Successful Closing of Merger and Final Election and Allocation Results
D.R. Horton, Inc. (NYSE: DHI) (“D.R. Horton”), America’s Builder, and Forestar Group Inc. (NYSE: FOR) (“Forestar”) today announced the closing of D.R. Horton’s previously announced acquisition of approximately 75% of the currently outstanding shares of Forestar for $17.75 per share in cash pursuant to a merger of a wholly owned subsidiary of D.R. Horton with and into Forestar.
Sep 28, 2017 07:01 pm ET
Par Pacific Holdings and Photronics Set to Join S&P SmallCap 600
NEW YORK, Sept. 28, 2017 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes in the S&P SmallCap 600 effective prior to the open of trading on Friday, October 6:...
Aug 09, 2017 06:06 pm ET
SHAREHOLDER ALERT: Monteverde & Associates PC Announces An Investigation Of Forestar Group Inc. - FOR
NEW YORK, Aug. 9, 2017 /PRNewswire/ -- Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating Forestar Group Inc. ("Forestar" or the "Company") (NYSE: FOR) relating to the sale of the Company to affiliates of D.R. Horton, Inc. (NYSE: DHI). As a result of the merger, Forestar shareholders are only anticipated to receive $17.75 per share in cash in exchange for each share of Forestar....
Jun 02, 2017 06:33 pm ET
Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Forestar Group Inc. (FOR)
NEW YORK, June 02, 2017 (GLOBE NEWSWIRE) -- Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Forestar Group Inc. (“Forestar Group” or the “Company”) (NYSE:FOR) in the United States District Court for the Western District of Texas for violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (“Exchange Act”) in connection with the plan of merger (the “Merger Agreement”) with Forestar Group and Terra Firma Merger Parent, L.P. (“Parent”) and Terra Firma Merger Sub, L.P. (“Merger Sub,” and together with Parent and Starwood Capital G...
Apr 28, 2017 08:11 am ET
Hynes Keller & Hernandez, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forestar Group, Inc. (FOR)
NEW YORK, April 28, 2017 /PRNewswire/ -- Hynes Keller & Hernandez, LLC is investigating the proposed sale of Forestar Group, Inc. ("Forestar" or the "Company") (NYSE: FOR) to affiliates of Starwood Capital Group. Under the terms of the proposed transaction, Forestar shareholders will receive only $14.25 in cash for each of their shares. The proposed offer is below the 52-week high and below the median analysts' price target of $16.00 per share....
Apr 24, 2017 06:48 pm ET
Apr 17, 2017 03:07 pm ET
FORESTAR INVESTOR ALERT BY THE FORMER ATTORNEY GENERAL OF LOUISIANA: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Forestar Group, Inc.
NEW ORLEANS, April 17, 2017 /PRNewswire/ -- Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC ("KSF") are investigating the proposed sale of Forestar Group, Inc. ("Forestar" or the "Company") (NYSE: FOR) to affiliates of Starwood Capital Group. Under the terms of the proposed transaction, shareholders of Forestar will receive only $14.25 in cash for each share of Forestar that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Co...
Apr 17, 2017 01:26 pm ET
Wolf Popper LLP Investigates the Proposed Acquisition of Forestar Group Inc. by Starwood Capital Group
NEW YORK, April 17, 2017 /PRNewswire/ -- Wolf Popper LLP is investigating claims on behalf of investors in Forestar Group Inc. (NYSE: FOR), concerning the proposed acquisition of Forestar by Starwood Capital Group.  According to Carl Stine, who is a partner at Wolf Popper LLP, "Based on where Forestar's stock price was trading before the announcement of the deal and the significantly higher median analysts' target, it is clear that this is a lowball price."    ...
Apr 14, 2017 09:19 am ET
FORESTAR ALERT: J&W Launches an Investigation into the Proposed Sale of Forestar Group Inc.; Are Shareholders Getting a Fair Price?
SAN DIEGO, April 14, 2017 /PRNewswire/ -- Shareholder rights law firm Johnson & Weaver, LLP (J&W) launched an investigation into whether the board members of Forestar Group Inc. (NYSE: FOR) breached their fiduciary duties in connection with the proposed sale of the Company to Starwood Capital Group. Forestar engages in the acquisition, entitlement, development, and sale of real estate, primarily residential and mixed-use communities....