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NYSE:LENLennar Stock Price, Forecast & News

$73.24
-0.05 (-0.07 %)
(As of 08/7/2020 04:00 PM ET)
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Today's Range
$71.93
Now: $73.24
$73.41
50-Day Range
$59.00
MA: $65.76
$73.60
52-Week Range
$25.42
Now: $73.24
$74.35
Volume1.77 million shs
Average Volume2.82 million shs
Market Capitalization$22.87 billion
P/E Ratio11.03
Dividend Yield0.68%
Beta1.64
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Lennar Financial Services, Lennar Multifamily, and Rialto segments. The company's 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. It primarily sells single-family attached and detached homes in communities targeted to first-time homebuyers, move-up homebuyers, active adult homebuyers, and luxury homebuyers. The company also offers mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; and originating and selling into securitizations commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities. Further, the company develops, constructs, and manages multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.92 out of 5 stars


Industry, Sector and Symbol

Industry General building contractors - residential buildings
Sub-IndustryHomebuilding
CUSIP52605710
Phone305-559-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$22.26 billion
Cash Flow$6.06 per share
Book Value$50.76 per share

Profitability

Net Income$1.85 billion

Miscellaneous

Employees10,106
Market Cap$22.87 billion
Next Earnings Date10/7/2020 (Estimated)
OptionableOptionable
$73.24
-0.05 (-0.07 %)
(As of 08/7/2020 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Lennar (NYSE:LEN) Frequently Asked Questions

How has Lennar's stock been impacted by COVID-19 (Coronavirus)?

Lennar's stock was trading at $53.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, LEN shares have increased by 37.1% and is now trading at $73.24.
View which stocks have been most impacted by Coronavirus
.

Do Wall Street analysts recommend investors buy shares of Lennar?

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Lennar in the last year. There are currently 9 hold ratings and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Lennar
.

When is Lennar's next earnings date?

Lennar is scheduled to release its next quarterly earnings announcement on Wednesday, October 7th 2020.
View our earnings forecast for Lennar
.

How were Lennar's earnings last quarter?

Lennar Co. (NYSE:LEN) posted its earnings results on Monday, June, 15th. The construction company reported $1.65 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.29 by $0.36. The construction company had revenue of $5.30 billion for the quarter, compared to the consensus estimate of $5.20 billion. Lennar had a net margin of 9.30% and a return on equity of 13.08%. The company's revenue was down 4.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.30 earnings per share.
View Lennar's earnings history
.

How often does Lennar pay dividends? What is the dividend yield for Lennar?

Lennar announced a quarterly dividend on Thursday, June 25th. Shareholders of record on Friday, July 10th will be given a dividend of $0.125 per share on Friday, July 24th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, July 9th.
View Lennar's dividend history
.

What price target have analysts set for LEN?

19 brokerages have issued 12-month price objectives for Lennar's stock. Their forecasts range from $47.00 to $88.00. On average, they anticipate Lennar's stock price to reach $68.29 in the next twelve months. This suggests that the stock has a possible downside of 6.8%.
View analysts' price targets for Lennar
.

Has Lennar been receiving favorable news coverage?

Headlines about LEN stock have trended very negative on Sunday, InfoTrie Sentiment reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Lennar earned a news impact score of -3.4 on InfoTrie's scale. They also gave news stories about the construction company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term.
View the latest news about Lennar
.

Are investors shorting Lennar?

Lennar saw a increase in short interest during the month of July. As of July 31st, there was short interest totaling 9,250,000 shares, an increase of 15.8% from the July 15th total of 7,990,000 shares. Based on an average daily trading volume, of 3,700,000 shares, the days-to-cover ratio is presently 2.5 days. Currently, 3.4% of the company's shares are short sold.
View Lennar's Short Interest
.

Who are some of Lennar's key competitors?

What other stocks do shareholders of Lennar own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Lennar investors own include Walt Disney (DIS), Alibaba Group (BABA), NVIDIA (NVDA), Intel (INTC), Bank of America (BAC), Home Depot (HD), AT&T (T), Verizon Communications (VZ), Cisco Systems (CSCO) and Johnson & Johnson (JNJ).

Who are Lennar's key executives?

Lennar's management team includes the following people:
  • Mr. Stuart A. Miller, Exec. Chairman (Age 61)
  • Mr. Richard Beckwitt, CEO & Director (Age 60)
  • Mr. Jonathan M. Jaffe, Pres & Director (Age 59)
  • Ms. Diane J. Bessette, VP, CFO & Treasurer (Age 58)
  • Mr. Mark Sustana, VP, Gen. Counsel & Sec. (Age 57)

What is Lennar's stock symbol?

Lennar trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEN."

Who are Lennar's major shareholders?

Lennar's stock is owned by many different retail and institutional investors. Top institutional investors include TCW Group Inc. (0.45%), Sumitomo Mitsui Trust Holdings Inc. (0.39%), Swiss National Bank (0.35%), Wedge Capital Management L L P NC (0.16%), First Trust Advisors LP (0.15%) and New York State Teachers Retirement System (0.14%). Company insiders that own Lennar stock include David M Collins, Diane J Bessette, Irving Bolotin, Jeffrey Joseph Mccall, Jonathan M Jaffe and Scott D Stowell.
View institutional ownership trends for Lennar
.

Which major investors are selling Lennar stock?

LEN stock was sold by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Cannell Peter B & Co. Inc., Zurcher Kantonalbank Zurich Cantonalbank, TCW Group Inc., State of Alaska Department of Revenue, Arizona State Retirement System, Denali Advisors LLC, and Gateway Investment Advisers LLC. Company insiders that have sold Lennar company stock in the last year include David M Collins, Diane J Bessette, Irving Bolotin, Jeffrey Joseph Mccall, Jonathan M Jaffe, and Scott D Stowell.
View insider buying and selling activity for Lennar
.

Which major investors are buying Lennar stock?

LEN stock was purchased by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Vision Capital Corp, Premier Asset Management LLC, Pacer Advisors Inc., Raymond James & Associates, Sumitomo Mitsui Trust Holdings Inc., Duality Advisers LP, and First Trust Advisors LP.
View insider buying and selling activity for Lennar
.

How do I buy shares of Lennar?

Shares of LEN can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Lennar's stock price today?

One share of LEN stock can currently be purchased for approximately $73.24.

How big of a company is Lennar?

Lennar has a market capitalization of $22.87 billion and generates $22.26 billion in revenue each year. The construction company earns $1.85 billion in net income (profit) each year or $5.74 on an earnings per share basis. Lennar employs 10,106 workers across the globe.

What is Lennar's official website?

The official website for Lennar is www.lennar.com.

How can I contact Lennar?

Lennar's mailing address is 700 NW 107TH AVENUE SUITE 400, MIAMI FL, 33172. The construction company can be reached via phone at 305-559-4000 or via email at [email protected]

This page was last updated on 8/9/2020 by MarketBeat.com Staff

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