News stories about Lennar Corporation (NYSE:LEN) have been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lennar Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the construction company an impact score of 45.7973614189649 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the media headlines that may have effected Accern’s rankings:
- HFF announces sale of Lennar Corporate Center in Miami (pressreleasepoint.com)
- Lennar’s Suburban Miami HQ Sells for $40 Million (dailybusinessreview.com)
- Top Gainers in the Consumer Sector: October 2–6, 2017 (finance.yahoo.com)
- GM’s New Price Target; Mechanical Market Movement: Doug Kass’ Views (finance.yahoo.com)
- Lennar buys former California Club golf course for $40M, plans homes – South Florida Business Journal (bizjournals.com)
Shares of Lennar Corporation (NYSE LEN) opened at 56.24 on Wednesday. Lennar Corporation has a 52 week low of $39.68 and a 52 week high of $56.78. The company has a 50 day moving average of $52.07 and a 200 day moving average of $52.19. The company has a market cap of $13.19 billion, a PE ratio of 16.44 and a beta of 1.22.
Lennar Corporation (NYSE:LEN) last released its earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.01 by $0.05. Lennar Corporation had a net margin of 6.65% and a return on equity of 12.52%. The company had revenue of $3.26 billion for the quarter, compared to analyst estimates of $3.25 billion. During the same quarter last year, the firm earned $1.01 EPS. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. On average, analysts expect that Lennar Corporation will post $3.82 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 2nd. Investors of record on Thursday, October 19th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.28%. The ex-dividend date is Wednesday, October 18th. Lennar Corporation’s dividend payout ratio is currently 4.61%.
A number of equities analysts have issued reports on the company. MKM Partners reiterated a “neutral” rating and set a $58.00 target price (up previously from $55.00) on shares of Lennar Corporation in a report on Friday, June 23rd. Mizuho cut Lennar Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $59.00 to $53.00 in a report on Tuesday, September 19th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $62.00 price target on shares of Lennar Corporation in a report on Thursday, July 27th. Bank of America Corporation lifted their price target on Lennar Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, October 4th. Finally, Credit Suisse Group initiated coverage on Lennar Corporation in a report on Thursday, June 22nd. They set a “neutral” rating and a $55.00 price target for the company. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $57.63.
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In related news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $56.48, for a total transaction of $282,400.00. Following the transaction, the chief financial officer now owns 376,043 shares of the company’s stock, valued at approximately $21,238,908.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 12.18% of the stock is currently owned by company 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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