Lennar Co. (LEN) Given Consensus Rating of “Buy” by Analysts
Shares of Lennar Co. (NYSE:LEN) have earned a consensus rating of “Buy” from the twenty brokerages that are covering the stock. Six equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $54.23.
Several brokerages have issued reports on LEN. Zacks Investment Research upgraded Lennar from a “sell” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, December 21st. Citigroup Inc began coverage on Lennar in a report on Tuesday, February 14th. They issued a “neutral” rating and a $52.00 price target for the company. Evercore ISI restated a “buy” rating and issued a $55.00 price target on shares of Lennar in a report on Tuesday, December 13th. Barclays PLC began coverage on Lennar in a report on Thursday, January 5th. They issued an “overweight” rating and a $50.00 price target for the company. Finally, Royal Bank of Canada restated a “buy” rating and issued a $53.00 price target on shares of Lennar in a report on Monday.
Lennar (NYSE:LEN) opened at 52.68 on Tuesday. The stock has a market cap of $12.35 billion, a P/E ratio of 13.39 and a beta of 1.27. The company has a 50-day moving average of $48.13 and a 200-day moving average of $44.55. Lennar has a 52 week low of $39.68 and a 52 week high of $53.79.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sanders Capital LLC boosted its position in shares of Lennar by 0.9% in the third quarter. Sanders Capital LLC now owns 8,511,852 shares of the company’s stock valued at $366,937,000 after buying an additional 76,400 shares during the period. The Manufacturers Life Insurance Company bought a new position in shares of Lennar during the third quarter valued at approximately $304,677,000. Aristotle Capital Management LLC boosted its position in shares of Lennar by 2.3% in the fourth quarter. Aristotle Capital Management LLC now owns 5,693,761 shares of the company’s stock valued at $244,432,000 after buying an additional 128,010 shares during the period. Greenhaven Associates Inc. boosted its position in shares of Lennar by 5.5% in the third quarter. Greenhaven Associates Inc. now owns 5,059,049 shares of the company’s stock valued at $214,200,000 after buying an additional 261,877 shares during the period. Finally, TCW Group Inc. boosted its position in shares of Lennar by 3.7% in the fourth quarter. TCW Group Inc. now owns 3,736,123 shares of the company’s stock valued at $160,392,000 after buying an additional 133,388 shares during the period. Institutional investors and hedge funds own 79.04% 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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