WCI Communities Inc (WCIC) is Reiterated by FBR Capital to Outperform, Lowers Price Target to $ 21

WCI Communities Inc (WCIC) was Reiterated by FBR Capital to “Outperform” while Lowering the Price Target of the company shares to $ 21 from a previous price target of $23 . FBR Capital advised their investors in a research report released on Apr 28, 2016.

Many Wall Street Analysts have commented on WCI Communities Inc. WCI Communities Inc was Downgraded by Raymond James to ” Outperform” on Apr 28, 2016. Shares were Reiterated by FBR Capital on Feb 18, 2016 to “Outperform” and Lowered the Price Target to $ 23 from a previous price target of $28 .

On the company’s financial health, WCI Communities Inc reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.16. The company had revenue of $138.30 million for the quarter, compared to analysts expectations of $118.53 million. The company’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.21 EPS.

WCI Communities Inc closed down -0.1 points or -0.56% at $17.62 with 4,66,687 shares getting traded on Wednesday. Post opening the session at $19.46, the shares hit an intraday low of $16.735 and an intraday high of $19.5 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Aug 24, 2015, Reinaldo L Mesa (officer ) sold 2,000 shares at $24.37 per share price. According to the SEC, on Aug 10, 2015, Keith E Bass (PRESIDENT & CEO) sold 12,500 shares at $24.00 per share price. On Aug 4, 2015, Russell Devendorf (SVP AND CFO) sold 4,500 shares at $25.13 per share price, according to the Form-4 filing with the securities and exchange commission.

WCI Communities Inc. is a lifestyle community developer and luxury homebuilder of single- and multi-family homes. The Company’s business is organized into three operating segments: Homebuilding which designs sells and builds homes across a range of price points and sizes; Real Estate Services which operates a real estate brokerage business under the Berkshire Hathaway HomeServices brand and title services and Amenities which includes the construction ownership and management of recreational amenities in residential communities that it develops. Amenities consist of golf courses and country clubs marinas and resort-style facilities.

WCI Communities Inc

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