Geoffrey Raynor Betting The Farm On These Real Estate Stocks

LGI Homes Inc (NASDAQ:LGIH) is another real estate equity investment of Raynor, who owns 763,149 shares with a value of $12.71 million. The shares of LGI Homes have grown 28.94% year-to-date and the firm has a market cap of $383.01 million. LGI Homes Inc (NASDAQ:LGIH) is a complete real estate provider that builds, markets, and sells new homes in all of its major markets. The firm reported 11.8% growth in the number of homes sold in May 2015, with the sale of 255 homes against the prior year number of 228 closures. It was an excellent first quarter overall for the real estate company as it reported net revenue of $120.69 million, indicating growth of 59% from the prior year quarter. Its net income grew to $7.7 million against $4.59 million of net income year-over-year. The shares of LGI Homes Inc (NASDAQ:LGIH) have received an average analyst rating of “Buy”, with a price target of $20.33, indicating a modest upside of 4.36% from its current share price. The homebuilder has attracted major investments from Gratia Capital and Osmium Partners.

In the list of top real estate stock investments of Q Investments, Forestar Group Inc. (NYSE:FOR) comes next with the investment manager holding 795,761 shares valued at $12.55 million. Forestar works in three different sectors including real estate, oil and gas, and natural resources. The company owns 113,000 acres of real estate directly or through joint ventures in 13 markets, and its oil and gas mineral interests are spread out over 960,000 acres. Forestar Group Inc. (NYSE:FOR) has struggled in the first quarter of 2015, with the firm reporting a quarterly loss of $8.2 million against net income of $8.3 million in the prior year period. According to the company, lower oil and gas prices along with lower real estate sales were responsible for its dismal performance in the first quarter. The shares of Forestar Group have declined 9.62% year-to-date and it has a market cap of $475.37 million. Cove Street Capital and Citadel Investment Group are among the major investors of Forestar Group Inc. (NYSE:FOR), with Citadel’s position including bonds worth $18.53 million.

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