News headlines about Lennar (NYSE:LEN) have been trending negative on Thursday, according to AlphaOne Sentiment Analysis. The research firm, a division of Accern, scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. AlphaOne ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Lennar earned a news sentiment score of -0.38 on AlphaOne’s scale. AlphaOne also gave news stories about the construction company an impact score of 100 out of 100, meaning that recent news coverage is extremely likely to have an effect on the company’s share price in the next few days.
Here are some of the news stories that may have impacted AlphaOne’s analysis:
- Lennar Prices $650M, 4.5% Note Offering (builderonline.com)
- Lennar Homes (postbulletin.com)
- Lennar Prices $650 Million Of Senior Notes Due 2024 At 4.50% (finance.yahoo.com)
- Lennar Co. (LEN) Plans Quarterly Dividend of $0.04 (americanbankingnews.com)
- Lennar Bay Area nominated for 12 excellence in home building awards (theopendoor.lennar.com)
Several brokerages have recently issued reports on LEN. Barclays PLC increased their target price on Lennar from $51.00 to $56.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 7th. Zacks Investment Research raised Lennar from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Tuesday, January 17th. Deutsche Bank AG reduced their price objective on Lennar from $52.00 to $49.00 and set a “hold” rating for the company in a research report on Thursday, March 23rd. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Lennar in a research note on Thursday, April 6th. Finally, BTIG Research initiated coverage on Lennar in a research note on Tuesday, February 7th. They issued a “buy” rating and a $56.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $53.78.
Shares of Lennar (NYSE:LEN) traded down 1.14% during mid-day trading on Thursday, hitting $52.00. The company had a trading volume of 1,382,999 shares. Lennar has a 52-week low of $39.68 and a 52-week high of $53.79. The firm has a 50-day moving average price of $51.41 and a 200 day moving average price of $45.60. The firm has a market capitalization of $12.19 billion, a price-to-earnings ratio of 15.04 and a beta of 1.27.
Lennar (NYSE:LEN) last announced its quarterly earnings results on Tuesday, March 21st. The construction company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.03. Lennar had a net margin of 8.33% and a return on equity of 13.80%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.18 billion. During the same quarter in the prior year, the firm earned $0.63 earnings per share. The company’s revenue for the quarter was up 17.2% compared to the same quarter last year. Analysts expect that Lennar will post $3.82 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 16th. Shareholders of record on Tuesday, May 2nd will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.30%. The ex-dividend date is Friday, April 28th. Lennar’s dividend payout ratio (DPR) is presently 4.07%.
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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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