UP!
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Type
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Privately Held |
|---|---|
| Industry | Apartments |
| Predecessor | Home Leasing Corporation |
| Founded | November 13, 1993 (1993-11-13) |
| Founder | Nelson B. Leenhouts Norman P. Leenhouts |
| Headquarters | Rochester, New York |
| Revenue |  $0.671 billion (2014) |
|
Net income
|
 $0.189 billion (2014) |
| Total assets | $4.488 billion (2014) |
| Total equity | $1.653 billion (2014) |
| Owner | Lone Star Funds |
|
Number of employees
|
1,200 (2014) |
| Website | www |
Home Properties owns, operates, acquires, and renovates apartment communities. As of December 31, 2014, the company owned 42,107 apartment units, all of which were in Washington, D.C., Baltimore, Philadelphia, Long Island, Northern New Jersey, Boston, Chicago, and Florida. The company is owned by Lone Star Funds.
The company specializes in acquiring older "Class C" and "Class B-" apartment communities and upgrading them to at least "Class B" quality.
Home Properties dates back to Home Leasing Corporation, a company founded in 1967 by twin brothers Nelson and Norman Leenhouts.
Home Properties, Inc. was formed in 1993 and, on August 4, 1994, the company became a public company via an initial public offering.
In 2001, the company acquired a property on Long Island for $46.5 million.
In 2002, the company acquired more properties on Long Island for $147.3 million.
In February 2003, the company acquired a property in Stoughton, Massachusetts for $34 million.
In September 2003, the company acquired a property in Silver, Spring, Maryland for $58.9 million. The company sold the property in April 2013.
Effective January 1, 2004, Edward J. Pettinella was named President and CEO.
In April 2004, the company acquired Village at Marshfield in Mansfield, Massachusetts for $27 million.
In December 2005, the company acquired two contiguous apartment communities, Peppertree Farm and Cinnamon Run, in Silver Spring, Maryland for $172 million.
In September 2006, the company acquired 2 properties in Marlborough, Massachusetts for $83 million.
In December 2006, the company acquired a property in Glen Burnie, Maryland for $67.1 million. The company sold the property for $76.25 million in May 2015.
In March 2007, the company acquired a property in Beverly, Massachusetts for $36.4 million.
In October 2010, the company acquired a property in Suffolk County, New York for $31.3 million.
In September 2011, the company acquired a property in White Marsh, Maryland for $90.4 million.
In July 2012, the company acquired a property in Ellicott City, Maryland for $186 million.
In December 2013, the company acquired a property in Brookhaven, Pennsylvania for $15.5 million.
In February 2014, the company sold a property in Montgomery Village, Maryland for $110 million.
In February 2015, the company acquired a property in Matawan, New Jersey for $31 million.
In October 2015, Lone Star Funds acquired the company.
| 2015-09-14 | Lower Price Target | Mackie | C$0.80 to C$0.65 | |
| 2015-09-09 | Upgrade | Miller Tabak | Sell to Hold | |
| 2015-08-19 | Boost Price Target | Barclays | Equal Weight | $68.00 to $70.00 |
| 2015-08-19 | Boost Price Target | Barclays PLC | Equal Weight | $68.00 to $70.00 |
| 2015-07-20 | Lower Price Target | Barclays | Equal Weight | $69.00 to $68.00 |
| 2015-07-02 | Reiterated Rating | Evercore ISI | Hold | $72.00 to $75.00 |
| 2015-06-24 | Boost Price Target | Mizuho | $72.00 to $75.00 | |
| 2015-06-24 | Boost Price Target | Cantor Fitzgerald | Hold | $68.00 to $75.23 |
| 2015-06-23 | Upgrade | RBC Capital | Underperform to Sector Perform | |
| 2015-06-23 | Upgrade | Morgan Stanley | Underweight to Equal Weight | $62.00 to $75.00 |
| 2015-06-23 | Upgrade | Royal Bank Of Canada | Underperform to Sector Perform | |
| 2015-06-22 | Downgrade | Wells Fargo & Co. | Outperform to Market Perform | |
| 2015-06-22 | Downgrade | Wells Fargo | Outperform to Market Perform | |
| 2015-06-17 | Reiterated Rating | National Securities | Neutral to Neutral | $64.00 to $70.00 |
| 2015-06-09 | Reiterated Rating | Evercore ISI | Hold | $74.00 to $72.00 |
| 2015-06-04 | Initiated Coverage | Cowen and Company | Market Perform | $78.00 |
| 2015-05-05 | Boost Price Target | Citigroup Inc. | Neutral | $67.00 to $73.00 |
| 2015-05-01 | Reiterated Rating | Cantor Fitzgerald | Hold | $68.00 |
| 2015-04-24 | Reiterated Rating | Morgan Stanley | Underweight | |
| 2015-04-20 | Lower Price Target | Barclays | Equal Weight | $70.00 to $69.00 |
| 2015-04-09 | Initiated Coverage | Janney Montgomery Scott | Buy | $75.00 |
| 2015-04-07 | Downgrade | Miller Tabak | Buy to Hold | |
| 2015-02-11 | Boost Price Target | Citigroup Inc. | Neutral | $65.00 to $67.00 |
| 2015-02-02 | Downgrade | Miller Tabak | Strong-Buy to Buy | |
| 2014-11-21 | Reiterated Rating | S&P Equity Research | Hold | |
| 2014-10-02 | Upgrade | Cantor Fitzgerald | Sell to Hold | |
| 2014-08-25 | Initiated Coverage | Mizuho | Neutral | $67.00 |
| 2014-08-12 | Initiated Coverage | National Securities | Neutral | $64.00 |
| 2014-08-07 | Reiterated Rating | Citigroup Inc. | Neutral | $63.00 to $65.00 |
| 2014-08-01 | Lower Price Target | Evercore ISI | $66.00 to $1.00 | |
| 2014-07-21 | Boost Price Target | Barclays | Equal Weight | $62.00 to $64.00 |
| 2014-05-22 | Boost Price Target | Barclays | $61.00 to $62.00 | |
| 2014-05-05 | Reiterated Rating | Compass Point | Buy | $65.60 |
| 2014-03-26 | Downgrade | Citigroup Inc. | Buy to Neutral | $63.00 |
| 2013-12-10 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $67.00 to $59.00 |
| 2013-12-09 | Downgrade | BMO Capital Markets | Market Perform to Underperform | $61.00 to $53.00 |
| 2013-11-04 | Lower Price Target | BMO Capital Markets | Market Perform | $65.00 to $61.00 |
| 2012-08-07 | Downgrade | Compass Point | Buy to Neutral | $68.50 to $71 |
| 2012-02-13 | Reiterated | Wunderlich | Buy | $75 to $68 |
| 2011-09-21 | Reiterated | UBS | Neutral | $62 to $60 |
| 2011-06-30 | Reiterated | RBC Capital Mkts | Outperform | $60 to $65 |
| 2011-05-11 | Initiated | Wunderlich | Buy | $75 |
| 2011-04-19 | Reiterated | Barclays Capital | Equal Weight | $58 to $61 |
| 2011-03-01 | Downgrade | Stifel Nicolaus | Buy to Hold | |
| 2011-02-24 | Reiterated | FBR Capital | Outperform | $63.50 to $65.50 |
| 2011-01-14 | Downgrade | KeyBanc Capital Mkts | Buy to Hold | |
| 2010-11-19 | Reiterated | FBR Capital | Outperform | $60 to $63.50 |
| 2015-09-14 | Lower Price Target | Mackie | C$0.80 to C$0.65 | |
| 2015-09-09 | Upgrade | Miller Tabak | Sell to Hold | |
| 2015-08-19 | Boost Price Target | Barclays | Equal Weight | $68.00 to $70.00 |
| 2015-08-19 | Boost Price Target | Barclays PLC | Equal Weight | $68.00 to $70.00 |
| 2015-07-20 | Lower Price Target | Barclays | Equal Weight | $69.00 to $68.00 |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In HME 7 funds of 2213 total. Show all
| Fund name | Ticker shares |
|---|---|
| COHEN & STEERS CAPITAL MANAGEMENT INC | 8.94M |
| CITY NATIONAL BANK | 0.61M |
| MANAGED ACCOUNT ADVISORS LLC | 80834 |
| Andromeda Capital LLC | 30000 |
| DECADE CAPITAL MANAGEMENT LLC | 11600 |
| Placemark Investments, Inc. | 11019 |
| VTL Associates, LLC | 1596 |
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