Lennar Corporation (LEN) Receives Daily Media Impact Rating of 0.08
News stories about Lennar Corporation (NYSE:LEN) have trended somewhat positive on Sunday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Lennar Corporation earned a media sentiment score of 0.08 on Accern’s scale. Accern also assigned press coverage about the construction company an impact score of 75 out of 100, meaning that recent news coverage is likely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Tempe development near ASU opens on light rail with apartments, sushi restaurant, Press Coffee (bizjournals.com)
- The Lennar Corporation (NYSE:LEN) Coverage Initiated at Credit Suisse Group (hoyentv.com)
- Meeder Asset Management Inc. Lowers Stake in CBRE Group, Inc. (CBG) (naijaoversabi.com)
- Checking the Indicators on Vanguard US Dividend App Index ETF — Share Focus (campdesrecrues.com)
- Lennar apartment-development exec on outlook for Denver, nationally (bizjournals.com)
Shares of Lennar Corporation (NYSE:LEN) traded up 0.43% during mid-day trading on Friday, hitting $54.03. 1,338,560 shares of the stock traded hands. Lennar Corporation has a one year low of $39.68 and a one year high of $55.75. The company has a market cap of $10.98 billion, a P/E ratio of 15.80 and a beta of 1.26. The stock has a 50 day moving average price of $52.18 and a 200-day moving average price of $49.02.
Lennar Corporation (NYSE:LEN) last released its quarterly earnings data on Tuesday, June 20th. The construction company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.13. The business had revenue of $3.26 billion for the quarter, compared to analyst estimates of $2.90 billion. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The company’s revenue was up 18.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.95 EPS. On average, analysts forecast that Lennar Corporation will post $3.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. The ex-dividend date of this dividend is Tuesday, July 11th. Lennar Corporation’s dividend payout ratio is currently 4.68%.
A number of research firms have commented on LEN. Zacks Investment Research raised shares of Lennar Corporation from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Friday, June 16th. Mizuho began coverage on shares of Lennar Corporation in a research report on Tuesday, May 16th. They issued a “buy” rating and a $59.00 target price on the stock. Bank of America Corporation reaffirmed a “buy” rating and issued a $63.00 target price (up previously from $60.00) on shares of Lennar Corporation in a research report on Wednesday, June 21st. Barclays PLC cut shares of Lennar Corporation from an “overweight” rating to an “equal weight” rating and set a $56.00 target price on the stock. in a research report on Tuesday, July 11th. Finally, Deutsche Bank AG decreased their target price on shares of Lennar Corporation from $52.00 to $49.00 and set a “hold” rating on the stock in a research report on Thursday, March 23rd. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $55.82.
In other news, COO Jonathan M. Jaffe sold 20,000 shares of Lennar Corporation stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $53.17, for a total value of $1,063,400.00. Following the transaction, the chief operating officer now directly owns 139,433 shares of the company’s stock, valued at approximately $7,413,652.61. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 12.18% of the company’s stock.
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.
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