|Bid||4.17 x 0|
|Ask||4.20 x 0|
|Day's range||4.14 - 4.20|
|52-week range||3.92 - 4.98|
|PE ratio (TTM)||8.62|
|Earnings date||20 Feb. 2018 - 26 Feb. 2018|
|Forward dividend & yield||0.26 (6.32%)|
|1y target est||4.54|
It may sound counterintuitive but weaker auction clearance rates are one reason why Citigroup has upgraded REA Group Limited (ASX:REA) to a "buy"!
Devine Limited’s (ASX:DVN) half year results show how close the industry could be sailing to the wind and it could be the first listed homebuilder to collapse in years!
Stockland's first-half net profit has dipped 2.6 per cent to $684 million, while its funds from operations for the period has risen 18.2 per cent to $436 million. The diversified property group's revenue for the six months to December 31 has come in 14.3 per cent higher at $1.34 billion. The company says it will pay an unfranked interim distribution of 13 cents a share, up from 12.6 cents a year ago.
Lendlease Group (ASX:LLC) is tipped to enjoy a re-rating when it delivers its half year result later this month. Here's why...
Stockland is on track to meet its full-year guidance and the property developer expects positive economic conditions and relatively stable interest rates to remain. Chief executive Mark Steinert said Stockland has had a positive start to the financial year, driven by all business units - particularly its residential communities division. "Our diverse portfolio allows us to deliver our purpose of creating a better way to live, and build thriving, affordable communities while continuing to deliver strong profit and sustained growth," Mr Steinert said in a statement.