Casey Hoerth
Long only, long-term horizon, growth at reasonable price, dividend investing

Home Properties: Why It's Time To Buy This Apartment REIT

Home Properties (NYSE:HME) is an Apartment REIT operating mostly in East Coast metropolitan areas. They own, operate, acquire and rehabilitate apartment communities. Once the properties have reached their full potential under Home's ownership, they are sold. Home redeploys the proceeds to purchase other communities which may need work and can generate higher returns.

Home ownership in the United States peaked in 2004 at 69% and has since been steadily declining, dropping to 65% in 2012. Most experts believe the preference to rent is a cultural shift. Renting provides freedom and flexibility while home ownership has become more difficult. The benefactor to this trend is apartment owners and operators such as Home Properties.

Home Properties offers a steady, growing...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details