Equities research analysts at UBS AG began coverage on shares of Lennar Corporation (NYSE:LEN) in a research report issued to clients and investors on Wednesday, October 25th, 99wallstreet.com reports. The firm set a “buy” rating on the stock.
A number of other research firms have also weighed in on LEN. MKM Partners raised shares of Lennar Corporation from a “neutral” rating to a “buy” rating and set a $64.00 price target on the stock in a research report on Wednesday, October 4th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $59.00 price objective (up previously from $57.00) on shares of Lennar Corporation in a research report on Wednesday, October 4th. Bank of America Corporation lifted their target price on shares of Lennar Corporation from $63.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. BTIG Research lifted their target price on shares of Lennar Corporation from $62.00 to $63.00 and gave the stock a “buy” rating in a research note on Wednesday, October 4th. Finally, Mizuho reaffirmed a “buy” rating on shares of Lennar Corporation in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of C$57.93.
Lennar Corporation (LEN) opened at C$58.71 on Wednesday. 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 has a 12-month low of C$40.94 and a 12-month high of C$59.32. The stock has a market cap of $13,812.11, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.31.
Lennar Corporation (NYSE:LEN) last posted its quarterly earnings results on Tuesday, October 3rd. The company reported C$1.06 EPS for the quarter, topping analysts’ consensus estimates of C$1.01 by C$0.05. Lennar Corporation had a net margin of 6.65% and a return on equity of 12.37%. The business had revenue of C$3.26 billion during the quarter, compared to analysts’ expectations of C$3.25 billion. During the same period last year, the company posted $1.01 earnings per share. The business’s quarterly revenue was up 15.1% on a year-over-year basis. equities research analysts predict that Lennar Corporation will post 4.05 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Lennar Corporation (LEN) Coverage Initiated by Analysts at UBS AG” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright law. The correct version of this report can be accessed at https://www.dispatchtribunal.com/2017/11/12/lennar-corporation-len-now-covered-by-ubs-ag.html.
In related news, CFO Bruce E. Gross sold 5,000 shares of the stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of C$56.48, for a total transaction of C$282,400.00. Following the sale, the chief financial officer now directly owns 376,043 shares of the company’s stock, valued at approximately C$21,238,908.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 12.18% of the company’s stock.
Hedge funds have recently made changes to their positions in the stock. Fishman Jay A Ltd. MI purchased a new stake in Lennar Corporation during the 3rd quarter valued at about $1,771,000. Great Lakes Advisors LLC bought a new position in Lennar Corporation during the 2nd quarter valued at about $1,896,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Lennar Corporation by 2.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 658,941 shares of the company’s stock valued at $35,135,000 after acquiring an additional 16,959 shares during the period. Daiwa Securities Group Inc. lifted its stake in Lennar Corporation by 9.7% during the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the company’s stock valued at $331,000 after acquiring an additional 550 shares during the period. Finally, Greenwood Capital Associates LLC lifted its stake in Lennar Corporation by 7.6% during the 2nd quarter. Greenwood Capital Associates LLC now owns 5,845 shares of the company’s stock valued at $312,000 after acquiring an additional 415 shares during the period. 80.11% of the stock is currently owned by institutional investors.
Lennar Corporation Company Profile
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.
Receive News & Ratings for Lennar Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar Corporation and related companies with MarketBeat.com's FREE daily email newsletter.