News articles about Lennar (NYSE:LEN) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern rates the sentiment of media 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 positive one, with scores nearest to one being the most favorable. Lennar earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned headlines about the construction company an impact score of 45.8850921266974 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Lennar (NYSE:LEN) opened at $60.02 on Friday. The firm has a market cap of $14,120.30, a price-to-earnings ratio of 17.55, a PEG ratio of 0.64 and a beta of 1.26. Lennar has a 12-month low of $43.35 and a 12-month high of $72.17. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 8.42.
Lennar (NYSE:LEN) last issued its earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.21). Lennar had a return on equity of 12.00% and a net margin of 6.41%. The company had revenue of $3.79 billion for the quarter, compared to the consensus estimate of $3.59 billion. During the same period in the prior year, the company earned $1.34 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. research analysts anticipate that Lennar will post 5.14 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.27%. The ex-dividend date is Thursday, January 25th. Lennar’s dividend payout ratio (DPR) is 4.68%.
Several equities research analysts have issued reports on LEN shares. Zacks Investment Research upgraded shares of Lennar from a “sell” rating to a “hold” rating in a research note on Thursday, January 4th. Royal Bank of Canada set a $82.00 price objective on shares of Lennar and gave the stock a “buy” rating in a research note on Friday, January 12th. Keefe, Bruyette & Woods restated a “buy” rating and set a $78.00 price objective on shares of Lennar in a research note on Thursday, January 11th. ValuEngine upgraded shares of Lennar from a “buy” rating to a “strong-buy” rating in a research note on Friday. Finally, Credit Suisse Group reaffirmed a “neutral” rating and set a $65.00 price target (up previously from $57.00) on shares of Lennar in a report on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $65.00.
In related news, VP Diane J. Bessette sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $69.50, for a total transaction of $695,000.00. Following the transaction, the vice president now directly owns 222,396 shares of the company’s stock, valued at $15,456,522. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Mark Sustana sold 125,000 shares of the firm’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $69.55, for a total transaction of $8,693,750.00. Following the transaction, the general counsel now directly owns 65,720 shares in the company, valued at $4,570,826. The disclosure for this sale can be found here. Insiders sold 180,000 shares of company stock worth $12,392,050 over the last ninety days. Insiders own 12.18% of the company’s stock.
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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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