News stories about Lennar Corporation (NYSE:LEN) have been trending somewhat positive this week, Accern reports. Accern ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Lennar Corporation earned a media sentiment score of 0.15 on Accern’s scale. Accern also assigned news stories about the construction company an impact score of 45.2981540241416 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- BidaskClub Upgrades Lennar Corporation (LEN) to “Hold” (americanbankingnews.com)
- St. Charles Residential Land Sold to Lennar Corporation (smnewsnet.com)
- Lennar Corporation Class A (LEN) Stake Up in Latest Report from Alliancebernstein L.P. (highlightpress.com)
- Lennar Corp. Purchases 2,400-Acre MP in Charles County, Md. (builderonline.com)
- Lennar Corporation purchases most remaining undeveloped land in St. Charles (somdnews.com)
A number of brokerages recently issued reports on LEN. Barclays PLC lowered Lennar Corporation from an “overweight” rating to an “equal weight” rating and set a $56.00 price objective for the company. in a report on Tuesday, July 11th. Mizuho reaffirmed a “buy” rating on shares of Lennar Corporation in a research note on Tuesday, July 11th. Wedbush reaffirmed a “neutral” rating and set a $46.00 price target on shares of Lennar Corporation in a research note on Thursday, June 15th. Bank of America Corporation reaffirmed a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Lennar Corporation in a research note on Wednesday, June 21st. Finally, Royal Bank Of Canada increased their price target on Lennar Corporation from $60.00 to $61.00 and gave the company an “outperform” rating in a research note on Wednesday, June 21st. Ten research analysts have rated the stock with a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $56.53.
Lennar Corporation (LEN) traded up 0.17% during trading on Friday, reaching $53.25. 700,977 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $53.25 and a 200-day moving average price of $51.02. Lennar Corporation has a 12 month low of $39.68 and a 12 month high of $55.75. The firm has a market cap of $12.49 billion, a PE ratio of 15.57 and a beta of 1.26.
Lennar Corporation (NYSE:LEN) last announced its quarterly earnings data on Tuesday, June 20th. The construction company reported $0.91 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.13. The firm had revenue of $3.26 billion during the quarter, compared to analyst estimates of $2.90 billion. Lennar Corporation had a net margin of 6.78% and a return on equity of 12.57%. The business’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.95 EPS. On average, analysts forecast that Lennar Corporation will post $3.82 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th were issued a $0.04 dividend. The ex-dividend date was Tuesday, July 11th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.30%. Lennar Corporation’s payout ratio is 4.68%.
In other news, COO Jonathan M. Jaffe sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $53.17, for a total value of $1,063,400.00. Following the completion of the sale, the chief operating officer now directly owns 139,433 shares in the company, valued at approximately $7,413,652.61. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 12.18% of the company’s stock.
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About Lennar Corporation
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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