About WCI Communities
WCI Communities, Inc. is a holding company. The Company is a lifestyle community developer and luxury homebuilder of single- and multi-family homes, including luxury high-rise tower units, in coastal Florida's markets. The Company's segments include Homebuilding, Real Estate Services and Amenities. The Homebuilding segment designs, sells and builds single- and multi-family homes and tower units. The Company operates a full-service real estate brokerage business under the Berkshire Hathaway HomeServices brand and title services that complement its Homebuilding operations by providing with additional opportunities to capitalize on increasing home prices throughout Florida. The Company's Amenities segment primarily includes the construction, ownership and management of recreational amenities in residential communities that it develops. The Company owns or controls approximately 13,300 home sites, of which approximately 7,900 are owned and 5,400 are controlled by the Company.
Industry, Sector and Symbol:
- Sector: Finance
- Industry: Residential Construction
- Sub-Industry: N/A
- Exchange: NYSE
- Symbol: WCIC
- Previous Close: $23.45
- 50 Day Moving Average: $23.43
- 200 Day Moving Average: $22.12
- 52-Week Range: $15.41 - $24.28
- Trailing P/E Ratio: N/A
- Foreward P/E Ratio: 14.94
- P/E Growth: 0.74
- Market Cap: $N/A
- Beta: 1.39
- Net Margins: 5.26%
- Return on Equity: 8.10%
- Return on Assets: 4.40%
Companies Related to WCI Communities:
- Debt-to-Equity Ratio: 0.51%
- Current Ratio: 0.72%
- Quick Ratio: 0.72%
What is WCI Communities' stock symbol?
WCI Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "WCIC."
Where is WCI Communities' stock going? Where will WCI Communities' stock price be in 2017?
6 equities research analysts have issued 1-year target prices for WCI Communities' stock. Their predictions range from $18.77 to $21.00. On average, they expect WCI Communities' share price to reach $20.19 in the next year.
When will WCI Communities announce their earnings?
WCI Communities is scheduled to release their next quarterly earnings announcement on Wednesday, July, 27th 2016.
What are analysts saying about WCI Communities stock?
Here are some recent quotes from research analysts about WCI Communities stock:
According to Zacks Investment Research, "WCI Communities, Inc. is a lifestyle community developer and luxury homebuilder of single- and multi-family homes. The Company operates in three segments: Homebuilding, Real Estate Services, and Amenities. The Homebuilding segment designs, builds, and sells single and multi family homes. The Real Estate Services segment provides real estate brokerage, and title insurance and closing services. The Amenities segment constructs, owns, and manages recreational amenities. Its communities are primarily located in Florida. WCI Communities, Inc. is headquartered in Bonita Springs, Florida. " (8/2/2016)
Raymond James Financial, Inc. analysts commented, "surprise" drop in order growth.The Florida-based lifestyle community developer reported first-quarter earnings of $0.25, topping consensus view of $0.17 on 63.9 percent growth in homebuilding revenues to $109.8 million. The company delivered 254 homes in the first quarter, up 84.1 percent from last year.However, new orders fell 1.9 percent to 310. This implies a huge drop versus fourth quarter when the company reported 30 percent growth in new orders. The first quarter orders widely missed Raymond James +29 percent estimate.JustificationAnalyst Buck Horne noted that "the headline also masks some unusual intra-quarter volatility," as WCI recorded 35 percent order growth in February, but March orders collapsed 24 percent."We suspect the calendar shift of Easter into March (when many seasonal FL residents move back north) may have robbed WCI of a valuable selling weekend this year," Horne wrote in a note.Related Link: Homebuilder Investors Losing Confidence After Surprise Decline In Existing Home SalesThe analyst said a "warmer weather outside Florida this year, stock market volatility, and the cumulative effect of last year's home price increases" may have weighed on the order growth. Horne noted that WCI's active-adult communities saw weaker absorption rate."[I]t now appears active adult demand in Southwest Florida was more deeply impacted this spring by a variety of factors, which in turn, reduces our visibility on a near-term catalyst to support a Strong Buy rating," Horne said.In addition, the analyst said "a quick snapback in demand is unlikely," as the company noted that April orders were tracking roughly flat y/y. Horne also highlighted that "the peak selling season for Florida's seasonal active adult buyers (50 percent of 1Q sales) has now already passed."While demand trends appeared to generally moderate across Florida this quarter when compared to the prior year, we believe the Florida housing market remains healthy," Keith Bass, the company's president and chief executive officer, said in a statement.Estimates And Price TargetHorne lowered his 2016 and 2017 EPS estimates to $1.30 and $2.10 from $1.40 and $2.35, respectively.The analyst also cut his near-term target price to $20 from $23. But he believes in WCI's longer-term demographic opportunity, and the embedded value of its high-quality Florida assets."For longer term investors, though, we believe patience will be rewarded, as the shares' current valuation (7 percent discount to GAAP book value, 25 percent discount to our adjusted BV) marks a compelling entry-point with limited downside, in our view," (4/28/2016)
Who owns WCI Communities stock?
WCI Communities' stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Monarch Alternative Capital LP (9.01%), Stonehill Capital Management LLC (7.47%), Alpine Associates Management Inc. (4.77%), CNH Partners LLC (4.12%), Pentwater Capital Management LP (3.21%) and Dimensional Fund Advisors LP (3.15%). Company insiders that own WCI Communities stock include Monarch Alternative Capital Lp, Reinaldo L Mesa, Stonehill Capital Management L and Vivien N Hastings.
Who sold WCI Communities stock? Who is selling WCI Communities stock?
WCI Communities' stock was sold by a variety of institutional investors in the last quarter, including Federated Investors Inc. PA, Third Avenue Management LLC, Basswood Capital Management L.L.C. and Dimensional Fund Advisors LP.
Who bought WCI Communities stock? Who is buying WCI Communities stock?
WCI Communities' stock was acquired by a variety of institutional investors in the last quarter, including Monarch Alternative Capital LP, Alpine Associates Management Inc., CNH Partners LLC, Pentwater Capital Management LP, Marshall Wace LLP, Renaissance Technologies LLC, State Street Corp and Gabelli Funds LLC.
How do I buy WCI Communities stock?
Shares of WCI Communities can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
How much does a share of WCI Communities stock cost?
One share of WCI Communities stock can currently be purchased for approximately $23.45.