Somewhat Positive News Coverage Very Likely to Impact Lennar Corporation (LEN) Stock Price

Media coverage about Lennar Corporation (NYSE:LEN) has trended somewhat positive on Monday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lennar Corporation earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the construction company an impact score of 89 out of 100, meaning that recent press coverage is very likely to have an effect on the company’s share price in the next few days.

These are some of the news articles that may have impacted Accern’s scoring:

Lennar Corporation (NYSE LEN) traded up 1.449% during mid-day trading on Monday, reaching $54.255. 1,123,288 shares of the company’s stock were exchanged. Lennar Corporation has a 52-week low of $39.68 and a 52-week high of $55.75. The stock has a 50-day moving average price of $52.18 and a 200 day moving average price of $49.02. The company has a market cap of $12.72 billion, a PE ratio of 15.859 and a beta of 1.26.

Lennar Corporation (NYSE:LEN) last issued its quarterly earnings results on Tuesday, June 20th. The construction company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.13. The company had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $2.90 billion. Lennar Corporation had a net margin of 6.78% and a return on equity of 12.57%. The business’s quarterly revenue was up 18.8% on a year-over-year basis. During the same period last year, the business earned $0.95 EPS. Equities analysts predict that Lennar Corporation will post $3.82 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 27th. Stockholders of record on Thursday, July 13th will be paid a dividend of $0.04 per share. The ex-dividend date is Tuesday, July 11th. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. Lennar Corporation’s dividend payout ratio is currently 4.68%.

LEN has been the topic of several analyst reports. Zacks Investment Research raised shares of Lennar Corporation from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Friday, March 17th. Mizuho assumed coverage on shares of Lennar Corporation in a report on Tuesday, May 16th. They set a “buy” rating and a $59.00 price target for the company. Bank of America Corporation restated a “buy” rating and set a $63.00 price target (up from $60.00) on shares of Lennar Corporation in a report on Wednesday, June 21st. Deutsche Bank AG decreased their price target on shares of Lennar Corporation from $52.00 to $49.00 and set a “hold” rating for the company in a report on Thursday, March 23rd. Finally, BidaskClub cut shares of Lennar Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th. Nine analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $55.59.

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In other news, COO Jonathan M. Jaffe sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $53.17, for a total transaction of $1,063,400.00. Following the completion of 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 12.18% of the stock is owned by company insiders.

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.

Insider Buying and Selling by Quarter for Lennar Corporation (NYSE:LEN)

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