Lennar (LEN) Getting Somewhat Critical News Coverage, Analysis Finds

News coverage about Lennar (NYSE:LEN) has trended somewhat negative on Friday, InfoTrie reports. The research firm identifies negative and positive media coverage by monitoring more than 6,000 blog and news sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Lennar earned a daily sentiment score of -1.59 on their scale. InfoTrie also gave news coverage about the construction company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the near term.

Here are some of the media stories that may have impacted Lennar’s analysis:

Lennar stock traded up $1.52 during mid-day trading on Friday, reaching $41.05. The company’s stock had a trading volume of 5,251,100 shares, compared to its average volume of 4,486,922. The company has a market cap of $13.63 billion, a PE ratio of 10.77, a P/E/G ratio of 0.49 and a beta of 1.24. The company has a debt-to-equity ratio of 0.67, a current ratio of 12.62 and a quick ratio of 0.72. Lennar has a twelve month low of $38.22 and a twelve month high of $72.17.

Lennar (NYSE:LEN) last released its quarterly earnings data on Wednesday, October 3rd. The construction company reported $1.30 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.11. The firm had revenue of $5.67 billion during the quarter, compared to the consensus estimate of $5.62 billion. Lennar had a net margin of 6.76% and a return on equity of 12.87%. The firm’s revenue was up 73.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.06 earnings per share. Equities research analysts anticipate that Lennar will post 4.92 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 2nd. Shareholders of record on Friday, October 19th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, October 18th. Lennar’s dividend payout ratio is presently 4.20%.

A number of research firms have recently weighed in on LEN. Wells Fargo & Co set a $62.00 price target on shares of Lennar and gave the stock a “buy” rating in a research report on Monday. Wedbush raised shares of Lennar from a “neutral” rating to an “outperform” rating and decreased their price target for the stock from $56.00 to $50.00 in a research report on Monday, October 29th. TheStreet downgraded shares of Lennar from a “b-” rating to a “c+” rating in a research report on Tuesday, October 23rd. Deutsche Bank raised shares of Lennar from a “hold” rating to a “buy” rating and decreased their price target for the stock from $58.00 to $51.00 in a research report on Monday, October 22nd. Finally, Mizuho set a $60.00 price target on shares of Lennar and gave the stock a “buy” rating in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and sixteen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $62.63.

In other Lennar news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar stock in a transaction on Monday, October 1st. The shares were sold at an average price of $46.98, for a total value of $939,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.50% of the company’s stock.

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About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land.

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