News headlines about Lennar Corporation (NYSE:LEN) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Lennar Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media headlines about the construction company an impact score of 45.7743474658443 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern’s rankings:
- Moody’s rates Lennar’s notes Ba1; stable outlook (moodys.com)
- Lennar in $1.2 Billion Note Offering (builderonline.com)
- BRIEF-Lennar Corp says has priced an offering of $300 mln of 2.95% senior notes due 2020 (reuters.com)
- Lennar Corp. : LEN-US: Dividend Analysis : November 10th, 2017 (record date) : By the numbers : November 14, 2017 (finance.yahoo.com)
- Lennar Prices $300 Million of Senior Notes due 2020 at 2.95% and $900 Million of Senior Notes due 2027 at 4.75% (finance.yahoo.com)
LEN has been the topic of a number of research analyst reports. UBS AG initiated coverage on Lennar Corporation in a report on Wednesday, October 25th. They issued a “buy” rating on the stock. Zacks Investment Research raised Lennar Corporation from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Friday, September 15th. BidaskClub raised Lennar Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 12th. MKM Partners raised Lennar Corporation from a “neutral” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Wednesday, October 4th. Finally, Bank of America Corporation raised their target price on Lennar Corporation from $63.00 to $65.00 and gave the company a “buy” rating in a report on Wednesday, October 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $57.93.
Shares of Lennar Corporation (LEN) traded down $0.54 on Thursday, reaching $58.02. The company’s stock had a trading volume of 2,462,900 shares, compared to its average volume of 2,377,196. The firm has a market cap of $13,776.83, a P/E ratio of 15.02, a PEG ratio of 1.42 and a beta of 1.31. Lennar Corporation has a 52-week low of $41.64 and a 52-week high of $59.32. The company has a debt-to-equity ratio of 0.72, a current ratio of 7.76 and a quick ratio of 0.59.
Lennar Corporation (NYSE:LEN) last announced its earnings results on Tuesday, October 3rd. The construction company reported $1.06 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.01 by $0.05. The firm had revenue of $3.26 billion for the quarter, compared to the consensus estimate of $3.25 billion. Lennar Corporation had a return on equity of 12.37% and a net margin of 6.65%. The business’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.01 EPS. equities research analysts forecast that Lennar Corporation will post 4.05 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, November 2nd. Shareholders of record on Thursday, October 19th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.28%. The ex-dividend date was Wednesday, October 18th. Lennar Corporation’s payout ratio is presently 4.61%.
In other Lennar Corporation news, CFO Bruce E. Gross sold 5,000 shares of Lennar Corporation stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $56.48, for a total transaction of $282,400.00. Following the transaction, the chief financial officer now directly owns 376,043 shares of the company’s stock, valued at approximately $21,238,908.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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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