NEW YORK (TheStreet) -- TRI Pointe Homes (TPH) shares are up 1.1% to $16.02 on Tuesday following its announcement that it had closed a $2.8 billion merger with Weyerhaeuser Real Estate Company (WY).
The transaction positions TRI Pointe Homes as one of the top 10 largest public home builders in the U.S., increasing its land inventory to 31,000 lots as a result of the merger.
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TheStreet Ratings team rates TRI POINTE HOMES INC as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:
"We rate TRI POINTE HOMES INC (TPH) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins."