Lennar (LEN) Receives Coverage Optimism Rating of 0.11
Media headlines about Lennar (NYSE:LEN) have been trending somewhat positive recently, Accern reports. The research firm identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lennar earned a news impact score of 0.11 on Accern’s scale. Accern also gave news articles about the construction company an impact score of 46.2929909228466 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s rankings:
- Clackamas County won’t pay $5.4M for 2.5 acres in Jennings Lodge (pamplinmedia.com)
- MARKET SNAPSHOT: Stock Market Ends Slightly Lower After Fed Raises Rates (morningstar.com)
- Mario Gabelli’s Gamco Investors, Inc Et Al decreased Its Lennar Corp Stake – Flаtlаnd Nеws (flatlandnews.com)
- Virtual home tour company merges, expands Spokane presence – The Spokesman-Review (spokesman.com)
- Lennar Corporation — Moody’s Withdraws Ratings on CalAtlantic Group, Inc. (markets.businessinsider.com)
Several research firms have commented on LEN. Zacks Investment Research upgraded Lennar from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research report on Tuesday, March 13th. Wedbush set a $60.00 price objective on Lennar and gave the stock a “hold” rating in a research report on Thursday, January 4th. Credit Suisse Group reaffirmed a “neutral” rating and set a $65.00 target price (up from $57.00) on shares of Lennar in a research note on Thursday, January 11th. Evercore ISI raised Lennar from an “in-line” rating to an “outperform” rating in a research note on Friday, February 23rd. Finally, ValuEngine downgraded Lennar from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the stock. Lennar has an average rating of “Buy” and a consensus price target of $67.93.
Lennar (NYSE:LEN) last posted its quarterly earnings data on Wednesday, January 10th. The construction company reported $1.29 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($0.21). Lennar had a net margin of 6.41% and a return on equity of 12.00%. The firm had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.59 billion. During the same period in the prior year, the company posted $1.34 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. research analysts predict that Lennar will post 5.29 EPS for the current fiscal year.
In related news, COO Jonathan M. Jaffe sold 20,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total value of $1,280,400.00. Following the completion of the transaction, the chief operating officer now directly owns 99,000 shares of the company’s stock, valued at approximately $6,337,980. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Diane J. Bessette sold 10,000 shares of the stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $69.50, for a total value of $695,000.00. Following the completion of the transaction, the vice president now directly owns 222,396 shares of the company’s stock, valued at $15,456,522. The disclosure for this sale can be found here. Over the last three months, insiders sold 175,000 shares of company stock valued at $12,092,050. 8.50% of the stock is owned by corporate insiders.
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Lennar 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.
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