NEW YORK ( TheStreet) -- Forestar Group (NYSE: FOR) is trading at unusually high volume Monday with 690,232 shares changing hands. It is currently at 4.1 times its average daily volume and trading down 57 cents (-3.8%) at $14.48 as of 3:59 p.m. ET. Forestar Group has a market cap of $565.7 million and is part of the financial sector and real estate industry. Shares are down 0.5% year to date as of the close of trading on Friday. Forestar Group Inc. and its subsidiaries engage in the real estate and natural resources businesses in the United States. It operates in three segments: Real Estate, Mineral Resources, and Fiber Resources. The company has a P/E ratio of 17.6, equal to the average real estate industry P/E ratio and below the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Forestar Group as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full Forestar Group Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are falling on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVDOWN to 95370 or select from multiple alert options.
Investors in Forestar Group Inc saw new options become available this week, for the August 21st expiration. One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 211 days until expiration the newly available contracts represent a possible opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.