Ryland Group Inc.
) recently opened a new community named Enclave, which is located
at Aloma in Winter Park, Florida. In addition, the company
declared its quarterly dividend.
The Enclave, comprising single-family homes, has been designed
to facilitate outdoor activities to make the most of the Florida
weather. It has open floor plans ranging from 1,853 to 3,514
square feet. Homes in the community are priced from $279,990 to
$399,990. The homes have been built with Ryland's MyStyle Design
Center, where one can personalize their homes.
The community is located in close proximity to the historical
downtown district and is close to all major attractions in the
Central Florida area, including lakes, boutiques, cafes, art
galleries, retail stores and parks. Transportation, employment
centers, shopping, and dining options and good schools make the
community attractive to homebuyers. The community is ENERGY STAR
certified and therefore consumers can significantly save on their
monthly utility bills.
Ryland's board has declared a quarterly dividend of 3 cents
per share, which will be paid on Jul 30, 2013, to stockholders as
of Jul 15, 2013. Recently, Ryland also reported strong first
quarter 2013 results with earnings of 43 cents. Earnings
surpassed the prior-year quarter loss of 7 cents. Revenues
increased 73.6% to $374.7 million on the back of rising demand
for new homes.
Ryland has been constantly introducing new communities, thus
capitalizing on the improving housing markets. The favorable
situation in the housing market has resulted in increase in
demand for new homes, where inventory levels are dropping and
prices are moving up.
Ryland holds a Zacks Rank #1 (Strong Buy). Other stocks in the
homebuilding sector that are worth considering include
Meritage Homes Corp
MDC Holdings Inc
D. R. Horton Inc.
), all with a Zacks Rank #1.
D R HORTON INC (DHI): Free Stock Analysis
MDC HLDGS (MDC): Free Stock Analysis Report
MERITAGE HOMES (MTH): Free Stock Analysis
RYLAND GRP INC (RYL): Free Stock Analysis
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