|Bid||42.98 x 800|
|Ask||42.99 x 800|
|Day's Range||42.76 - 43.43|
|52 Week Range||42.70 - 72.17|
|Beta (3Y Monthly)||1.34|
|PE Ratio (TTM)||11.42|
|Earnings Date||Jan 8, 2019 - Jan 14, 2019|
|Forward Dividend & Yield||0.16 (0.37%)|
|1y Target Est||62.65|
Rising interest rates on mortgage loans are deterring home buyers, and that has translated into plunging sales, earnings and stock prices for the homebuilding industry, an important engine of economic growth. Mark Zandi, chief economist at Moody's Analytics, had this to say, as quoted by CNBC: "Every basis point rate rise already is affecting housing. A number of stocks in homebuilding and related industries are in a bear market of their own, having plunged by 20% or more from their 52-week highs. Among these are Lennar Corp. ( LEN), D.R. Horton Inc. ( DHI), PulteGroup Inc. ( PHM), LGI Homes Inc. ( LGIH), Toll Brothers Inc. ( TOL) and lumber supplier Weyerhaeuser Co. ( WY).
Rising prices and accelerating interest rates are a "one-two punch" to homebuyers, Lennar Executive Chairman Stuart Miller says. Homebuilder stocks have taken a direct hit from the rising interest rates rattling financial markets this month, but Miller says builders could see a boost from pent up demand and wealthier buyers. Rising prices and accelerating interest rates are a "one-two punch" to homebuyers, Lennar Executive Chairman Stuart Miller told CNBC on Thursday.
"I'm not saying that the Fed's gone crazy," the "Mad Money" host says. As the stock market continued its volatile losing streak on Thursday, with the market's "fear gauge" hitting its highest level since February, CNBC's Jim Cramer wanted to clear up some of the confusion around why stocks were falling. After all, with numerous indicators and the Federal Reserve indicating that the economy is strong, investors are probably wondering why the market would take such a drastic hit.
Three homebuilders new to Rancho Cordova are planning projects for 2019 and beyond, according to city officials who take it as a positive sign.
Lennar (LEN) focuses on core homebuilding business and has plans to reposition or opportunistically monetize non-core assets, in order to maximize efficiencies.
Rising interest rates have yet to be the tonic that soothes hedge funds’ returns, as anticipated. Hedge funds on average have posted gains of just 1.9% in 2018 according to HFR, a small fraction of the 10.6% returns enjoyed by the broader market. In the past week alone, three of the hedge funds tracked by […]
Lennar Corp. is in advanced talks to sell its real-estate lending unit, looking to offload the business at a time when the nation’s largest home builder and its peers are struggling alongside a stagnant housing market. The Miami-based company is in discussions with the private-equity firm Stone Point Capital LLC for the sale of Rialto Capital, according to people familiar with the matter. Representatives of Stone Point Capital and Rialto didn’t respond to requests for comment.
Smart home-enabled development features 278 homes in coastal Carlsbad CARLSBAD, Calif. , Oct. 9, 2018 /PRNewswire/ -- LMC , a leader in apartment development and management, today announced the start ...
Homebuilding stocks are getting crushed, and they could continue to be in the penalty box as interest rates rise, making the cost of homes more expensive.
NEW YORK, Oct. 09, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
The 36-member SPDR S&P Homebuilders ETF, ticker XHB, fell for the 14th-consecutive trading day on Monday, the longest losing streak in the exchange-traded fund’s almost 13-year history. Lennar Corp., which makes up more than 4 percent of the ETF’s exposure, has contributed the most to XHB’s decline since Sept. 18, the day before the fund’s losing streak started.
Lennar's (LEN) top line is likely to get a boost with the development of a new golf and country club community, Babcock National, in Southwest Florida.
To receive further updates on this Mosaic Company (NYSE:MOS) trade as well as an alert when it’s time to take profits, sign up for a risk-free trial of Power Options Weekly today. Today, I’m recommending a bullish trade on The Mosaic Company (NYSE:MOS), which produces concentrated phosphate and potash crop nutrients. Looking at the New York Stock Exchange (NYSE), the ratio of declining issues to advancing issues was 3:1, meaning that for every three stocks moving lower, there was only one stock moving higher.
New Golf and Country Club Community Coming Soon to Southwest Florida's Babcock Ranch BABCOCK RANCH, Fla., Oct. 5, 2018 /PRNewswire/ -- Lennar (NYSE: LEN and LEN.B), the nation's leading homebuilder, today ...
MIAMI , Oct. 4, 2018 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of ...
As for Thursday’s best bets, take a look at stock charts of Lennar (NYSE:LEN), Kinder Morgan (NYSE:KMI) and International Paper (NYSE:IP). When we last looked at Lennar back on Sept. 21, it was putting pressure on a major support line at $50 but had not yet broken under it. Click to Enlarge • Last week, Lennar shares reversed the selling effort at $46.46, which is plotted with a white, dashed line.
Lennar Corp, the No. 2 U.S. homebuilder, cut its forecast for fourth-quarter orders and deliveries on Wednesday, citing the impact of Hurricane Florence and sluggishness in the market. The company's shares fell 2 percent in afternoon trading and weighed on those of rivals such as D.R. Horton and PulteGroup. Hurricane Florence flooded large parts of U.S. Southeast last month, causing billions of dollars in damage.
Intel headed the Dow, and General Motors led the S&P 500 on Wednesday as stocks also received an early lift from overseas markets.
Ryan McQueeney discusses the Dow's record open and Jerome Powell's latest comments on the economy. He also recaps trending stories like the GM-Honda autonomous partnership, Lennar's earnings, and AMD's recent volatility. Later, Ryan highlights two under-the-radar marijuana stocks.
The housing market is showing signs of softening but could be a while before conditions are best for buyers. Yahoo Finance's Seana Smith, Dion Rabouin, Andy Serwer and Tendayi Kapfidze Chief Economist with Lending Tree discuss.