Argus Research Initiates Coverage on Lennar Corporation(NYSE:LEN). The shares have been rated Buy. The rating by Argus Research was issued on Jul 5, 2016.
In a different note, On Jun 27, 2016, Raymond James said it Upgrades its rating on Lennar Corporation. The shares have been rated ‘Outperform’ by the firm. On Apr 7, 2016, Barclays said it Maintains its rating on Lennar Corporation. In the research note, the firm Raises the price-target to $56.00 per share. The shares have been rated ‘Overweight’ by the firm.
Lennar Corporation (LEN) made into the market gainers list on Fridays trading session with the shares advancing 3.52% or 1.67 points. Due to strong positive momentum, the stock ended at $49.16, which is also near the day’s high of $49.3. The stock began the session at $47.93 and the volume stood at 44,92,316 shares. The 52-week high of the shares is $56.04 and the 52 week low is $37.14. The company has a current market capitalization of $10,774 M and it has 21,91,56,270 shares in outstanding.
Lennar Corporation(LEN) last announced its earnings results on Jun 21, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.95.
Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, Sherrill W Hudson (director) sold 2,500 shares at $47.54 per share price.Also, On Apr 8, 2016, Theron I Gilliam (director) sold 2,091 shares at $47.84 per share price.On Apr 5, 2016, Jonathan M Jaffe (Vice President/COO) sold 20,000 shares at $47.80 per share price, according to the Form-4 filing with the securities and exchange commission.
Lennar Corporation is a real estate company. The Company is a homebuilder a provider of real estate-related financial services a commercial real estate investment investment management and finance company. It operates under Homebuilding Operations Lennar Financial Services Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East Homebuilding Central Homebuilding West Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.