Headlines about Lennar Corporation (NYSE:LEN) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Lennar Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.71915438463 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news articles that may have effected Accern’s analysis:
- Lennar Corporation (NYSE:LEN) Given Average Recommendation of “Buy” by Analysts (ismboard.com)
- Neuberger Berman Group LLC Sold A Little More Lennar Corporation Class A (LEN) Stock Last Quarter (modernreaders.com)
- Norges Bank Sold A Little More Lennar Corporation Class A (LEN) Stock (highlightpress.com)
- Older millennials are leaving the city for a new kind of suburb (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Lennar Corp. (finance.yahoo.com)
Lennar Corporation (NYSE LEN) traded down 1.85% on Thursday, hitting $53.16. The stock had a trading volume of 983,679 shares. The firm’s 50 day moving average price is $53.22 and its 200-day moving average price is $50.95. Lennar Corporation has a 12 month low of $39.68 and a 12 month high of $55.75. The stock has a market cap of $12.47 billion, a PE ratio of 15.54 and a beta of 1.26.
Lennar Corporation (NYSE:LEN) last released its earnings results 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. Lennar Corporation had a net margin of 6.78% and a return on equity of 12.57%. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.90 billion. During the same period last year, the company posted $0.95 EPS. The business’s revenue was up 18.8% on a year-over-year basis. On average, analysts forecast that Lennar Corporation will post $3.82 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. The ex-dividend date was Tuesday, July 11th. Lennar Corporation’s payout ratio is presently 4.68%.
LEN has been the topic of a number of research analyst reports. Zacks Investment Research upgraded Lennar Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, May 23rd. Deutsche Bank AG reiterated a “hold” rating and issued a $53.00 target price (up from $52.00) on shares of Lennar Corporation in a research report on Thursday, June 22nd. Credit Suisse Group initiated coverage on Lennar Corporation in a research report on Thursday, June 22nd. They issued a “neutral” rating and a $55.00 target price on the stock. Royal Bank Of Canada boosted their target price on Lennar Corporation from $60.00 to $61.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 21st. Finally, Mizuho reiterated a “buy” rating on shares of Lennar Corporation in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Lennar Corporation presently has an average rating of “Buy” and a consensus price target of $56.53.
In other news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar Corporation stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the sale, the chief operating officer now owns 139,433 shares of the company’s stock, valued at approximately $7,413,652.61. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 12.18% of the stock is currently owned by insiders.
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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