|Bid||46.00 x 1800|
|Ask||59.99 x 800|
|Day's Range||46.45 - 48.22|
|52 Week Range||37.29 - 64.90|
|Beta (3Y Monthly)||1.37|
|PE Ratio (TTM)||8.57|
|Earnings Date||Mar 27, 2019|
|Forward Dividend & Yield||0.16 (0.33%)|
|1y Target Est||56.88|
The company closed on more than 2,000 metro Phoenix homes in fiscal 2018 and is on pace to grow that number in the coming year, with multiple new projects on the drawing board.
After acquiring another firm, Lennar Corp. far outpaced all other homebuilders in the Sacramento region in 2018.
Investors could make a near-term bet on rate sensitive sectors in the basket form as these will continue to trade smoothly if interest rates remain steady.
MIAMI, March 14, 2019 /PRNewswire/ -- Lennar Corporation (NYSE:LEN and LEN.B), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter ended February 28, 2019 before the market opens on March 27, 2019. Additionally, the Company will hold a conference call on March 27, 2019 at 11:00 a.m. Eastern Time. Lennar Corporation, founded in 1954, is one of the nation's largest builders of quality homes for all generations. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of the Company's homes and, through Rialto Mortgage Finance, originates mortgage loans secured primarily by commercial real estate properties throughout the United States.
In early 2019, I wrote in an InvestorPlace gallery about why housing stocks would be a good place to park your money in the new year. The thesis was pretty simple. Improving economic and housing sector fundamentals, coupled with oversold conditions, created a golden buying opportunity in overly beaten up housing stocks in early 2019. The conclusion? After a rough 2018, housing stocks were ready for a breakout in 2019.That thesis has played out as expected. After falling more than 25% in 2018, the SPDR S&P Homebuilders ETF(NYSEARCA:XHB) is up nearly 20% so far in 2019, and it's only early March. The catalyst behind this move higher in housing stocks has been economic, housing market and financial market stabilization, which together have reinforced that the fundamentals underlying housing stocks remain favorable.This rally in housing stocks will continue. The fundamentals are only getting better. Housing starts are turning around. Home values are still rising. Mortgage rates are still falling. Meanwhile, home ownership rates remain well below where they have been historically, wages are rising at their fastest pace in a decade, the unemployment rate is at a record low and consumer confidence is back.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 15 Stocks Sitting on Huge Piles of Cash All together, the fundamentals underneath housing stocks remain healthy. Meanwhile, valuations are still largely depressed. As such, the outlook for housing stocks to head higher for the foreseeable future is quite favorable.Source: Shutterstock Housing Stocks to Buy: LGI Homes (LGIH)YTD Gain: 30%The housing stock that has staged the biggest gain this year is LGI Homes (NYSE:LGIH). This U.S. homebuilder has a history of sustained growth and broad exposure to the U.S. housing sector, with operations in 26 markets and 16 states. As such, theory says that as goes the U.S. housing market, so goes LGIH stock.That's exactly what has happened in early 2019. The housing market has materially improved. LGI's numbers have materially improved, too, with the company reporting growth across revenues, home closings, average home sales prices, and gross margins last quarter. Those strong numbers converged on a discounted valuation, and LGIH stock has consequently been on a solid uptrend.This uptrend should continue. U.S. housing market fundamentals are improving. LGIH stock remains cheap (7x forward earnings). That combination should keep LGIH stock on a winning track for the foreseeable future.Source: Squidish via Flickr (modified) KB Home (KBH)YTD Gain: 25%Another homebuilder which has soared in early 2019 as favorable fundamentals have converged on a discounted valuation is KB Home (NYSE:KBH).Heading into the year, KBH stock was trading at 7x forward earnings. Then, the company reported strong fourth quarter numbers that included slight delivery volume growth and roughly stable profit margins. Those are pretty good numbers for a homebuilder trading at 7x forward earnings, so KBH stock has naturally staged a big rally ever since. * The 10 Best Stocks to Buy for the Bull Market's Anniversary This rally will continue. KBH stock is still really cheap, at now 9x forward earnings. The numbers will only get better, as you will probably see selling price growth come back into the picture this year and drive positive revenue growth alongside stable margins. If so, the stock should keep heading higher, given that it still isn't priced for much growth.Source: Shutterstock Lennar (LEN)YTD Gain: 23%Much like KB Home, homebuilder Lennar (NYSE:LEN) is up more than 20% year-to-date thanks to better-than-expected quarterly numbers which, combined with improving macroeconomic data, implied that things aren't as bad as feared in the U.S. housing sector.Specifically, Lennar reported fourth-quarter numbers in early 2019 that weren't great. Growth slowed and margins were under pressure. But growth was still positive, margins didn't fall that much and average selling prices were up. In other words, things were bad, but not that bad. Ever since, macroeconomic data has improved, likewise meaning that Lennar's operations have likely improved, too.If so, LEN stock should stay on an uptrend. The stock is still incredibly cheap at 8x forward earnings, and the numbers have an opportunity to meaningfully improve. That is a winning recipe for a housing stock.Source: -v via Flickr (modified) D.R. Horton (DHI)YTD Gain: 20%The number one homebuilder in America by closings volume -- D.R. Horton (NYSE:DHI) -- naturally has a ton of exposure to the housing market. As such, as housing market fundamentals have improved, DHI stock has bounced back.The fundamentals here are good. DHI is the biggest homebuilder in America and has been for almost two decades. The company has broad geographic and demographic diversity, and controls dominant market share in rapidly expanding metro areas like Phoenix and Dallas Fort Worth. Fiscal 2018 was a great year for the company. There were some concerns that fiscal 2019 would be different. It hasn't been. First-quarter numbers were strong, characterized by healthy growth in closings and orders. * 7 Top Stocks to Buy From Goldman Sachs' Secret Portfolio In other words, DHI's numbers coupled with improving housing market data imply that 2019 will look a lot more like 2018 that anyone had previously expected. That's a good thing for DHI stock, which still trades at a rather cheap 10x forward earnings.Source: Ryan Homes NVR (NVR)YTD Gain: 14%The rally in homebuilder NVR (NYSE:NVR) has been subdued relative to some of its peers thanks to less-than-stellar fourth-quarter numbers.Specifically, in NVR's fourth quarter, everything was down. New order volume dropped 11%. Average sales prices dropped 1%. Backlog dropped 2% on a unit basis and 4% on a dollar basis. By most gauges, the quarter was not very good.But, it was good enough to lift a stock that was trading at just 14x forward earnings. Plus, the fundamentals here are good (big homebuilder with wide geographic and income exposure), and the macroeconomic backdrop has only improved since the fourth quarter of 2019. As such, NVR stock looks good for big rally in the foreseeable future.Source: Shutterstock Toll Brothers (TOL)YTD Gain: 9%Homebuilder Toll Brother (NYSE:TOL) has gained only 9% in a resurgent housing market in 2019, but that could change soon, as the stock looks ready to take a big leg higher.Toll Brothers recently reported first-quarter 2019 numbers, and they were really good. Not only did they blow past consensus estimates, but they broadly confirmed that this company is hugely benefiting from underlying improvements in the U.S. housing market. Thus, investors are now correlating improvements in the U.S. housing market to improvements in TOL's numbers. * 7 Dow Jones Stocks to Buy That's a really good thing. The U.S. housing market should improve throughout 2019. Investors will interpret that as meaning TOL's numbers are getting better, too. With TOL stock trading at just 8x forward earnings, that interpretation should lead to a lot of buying, and all that buying should push TOL stock way higher. Housing Stocks Bouncing Back: PulteGroup (PHM)YTD Gain: 7%Despite rising only 7% in 2019 amid a resurgent housing market, PulteGroup (NYSE:PHM) is actually one of the more attractive homebuilder stocks, supported by healthy long-term fundamentals.PulteGroup is big (the nation's third largest homebuilder), with healthy geographic diversity (25 states and nearly 50 major markets) and broad demographic diversity (30% entry-level buyers, 30% move-up buyers, 15% luxury buyers and 25% active adult buyers). Because of this wide exposure, PulteGroup truly moves with the U.S. economy.In the fourth quarter of 2018, when the U.S. economy was decelerating, PulteGroup still reported increases in closings volume and average sales prices. The economy has only improved since then. So have PulteGroup's numbers. But, PHM stock is up only 7% in 2019, and still trades at just 8x forward earnings. As such, the bull thesis here through EPS growth and multiple expansion looks compelling.As of this writing, Luke Lango was long XHB, LGIH, KBH and TOL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 of the Best Stocks to Buy Under $10 * 7 Retail Stocks Winning in 2019 and Beyond * The 10 Best Stocks to Buy for the Bull Market's Anniversary Compare Brokers The post 7 Housing Stocks Bouncing Back In 2019 appeared first on InvestorPlace.
Lennar (LEN) is set to add an upscale salon to its newest location NordHaus. This upscale salon is likely to open in spring 2019.
Strada Investment Group's proposal, Jamestown, offers families a rare shot at owning their own space in San Francisco — but they better bring a car.
Work on the 635,000-square-foot mall was halted last year due to the "rapidly evolving retail landscape."
MINNEAPOLIS, March 12, 2019 /PRNewswire/ -- LMC, a leader in apartment development and operations, today announced that Haus Salon has begun construction on its newest location at NordHaus, a luxury mixed-use apartment community in northeastern Minneapolis. Haus Salon, which opened its first location in South Minneapolis in 2011 and expanded to the North Loop in 2014, is known for being chic, effortless and inspiring for its clients. "We're delighted to be the newest home for Haus Salon, which will serve as another exciting and valuable addition for our residents and the local community," said Doug Bober, division president of the central and Midwest for LMC.
Home builders have been under a variety of pressures, including too-few buyers. A JPMorgan analyst gives his views on buys and sells.
Lennar's (LEN) wholly-owned subsidiary, LMC is set to build a new luxury apartment community, The Ellis, in Uptown Charlotte, NC.
Luxury Mixed-Use Community Will Add 539 Apartment Homes to Uptown Charlotte CHARLOTTE, N.C. , March 7, 2019 /PRNewswire/ -- LMC , a leader in apartment development and management, today announced the ...
NEW YORK, March 07, 2019 -- In new independent research reports released early this morning, Capital Review released its latest key findings for all current investors, traders,.
The Ellis will bring 549 apartments in a 33-story high-rise and six-story midrise building with ground-floor retail space to Ninth and College streets.
Lennar Corp NYSE:LENView full report here! Summary * Perception of the company's creditworthiness is neutral * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for LEN with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NeutralETF activity is neutral. ETFs that hold LEN had net inflows of $6.16 billion over the last one-month. While these are not among the highest inflows of the last year, the rate of inflow is increasing. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | NeutralThe current level displays a neutral indicator. LEN credit default swap spreads are within the middle of their range for the last three years.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). We'll show how you can use Lennar Corporation's (NYSE:LEN) P/E ratioRead More...
SEATTLE, March 5, 2019 /PRNewswire/ -- LMC, a leader in apartment development and management, announced the start of construction of Ovation, a luxury two-tower high-rise and mixed-use apartment community located at the gateway to the First Hill neighborhood of Seattle. The community will feature two 32-story towers, 548 apartment homes and approximately 6,000 square feet of retail.
MasTec (MTZ) posts higher fourth-quarter 2018 earnings on the back of strong Power Generation and Industrial segment, as well as Oil and Gas business.
After years of working in Southern California, Libby Wickland returned to Sacramento and opened a Province West office, where she serves as vice president.
Last year, homebuilder ETFs and stocks were stymied by rising interest rates -- among other factors. The Federal Reserve boosted interest rates four times, leading to higher mortgage rates, which chased some would-be homebuyers from the market.Housing affordability concerns in some of the marquee U.S. real estate markets, including California and New York, also plagued homebuilder ETFs in 2018. While the housing affordability issue is far from being reconciled, the good news for investors considering homebuilder ETFs is that the Federal Reserve is likely to slow its pace of rate hikes or not even raise rates at all this year.The Dow Jones U.S. Select Home Construction Index, one of the most widely followed gauges of homebuilder and home improvement equities, is higher by nearly 18% this year. Recent housing data has been encouraging, but analysts are advising a cautious approach.InvestorPlace - Stock Market News, Stock Advice & Trading TipsIndustry analysts are "arguing that the Fed's recent pivot toward dovish interest-rate policy, the tempered pace of the housing recovery since the financial crisis, and demographic factors would combine to help support the housing market in the long term," reports MarketWatch. * 9 Best Stocks to Buy on U.S.-China Trade Optimism In other words, investing mulling homebuilder ETFs have a lot to consider. Here are some of the top homebuilder ETFs that could extend their already sizable gains this year. iShares U.S. Home Construction ETF (ITB) Expense ratio: 0.43% per year, or $43 on a $10,000 investment.The iShares U.S. Home Construction ETF (CBOE:ITB) is the largest homebuilder ETF and tracks the aforementioned Dow Jones U.S. Select Home Construction Index. As such, the $1.18 billion ITB is one of the purest plays among homebuilder ETFs.This is a cap-weighted homebuilder ETF, so it is dominated by the largest stocks in this group. For instance, Lennar Corp. (NYSE:LEN) and D.R. Horton Inc. (NYSE: DHI) combine for over 27% of ITB's weight. The fund's top 10 holdings combine for over 61% of its weight. ITB has some exposure to the retail side of residential real estate, but just to the tune of 13%.Remembering that homebuilder ETFs and stocks notched their worst annual performances in 2018 since 2008 could be interpreted as a sign that the group has more room to run. While ITB is up 17.74% this year, it is still more than 15% below its 52-week high. Invesco Dynamic Building & Construction ETF (PKB)Expense ratio: 0.58% per year, or $58 on a $10,000 investment.The Invesco Dynamic Building & Construction ETF (NYSEARCA:PKB) is an example of a homebuilder ETF with a unique weighting methodology that offers investors the potential to generate returns above those offered by more traditional homebuilder funds.PKB, which is more than 13 years old, follows the Dynamic Building & Construction Intellidex Index. That index "thoroughly evaluates companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value," according to Invesco. * 7 IPOs to Get Excited for in 2019 In general, homebuilder ETFs tilt toward the lower end of the large-cap spectrum and/or include plenty of mid-cap stocks. PKB's 30 holdings have an average market value of $19.76 billion and just 15.44% of the fund's holdings are classified as large caps. Growth investors will like this homebuilder ETF because almost 40% of its holdings are considered growth stocks. VanEck Vectors Retail ETF (RTH)Expense ratio: 0.35% per year, or $35 on a $10,000 investment.As it name implies, the VanEck Vectors Retail ETF (NYSEARCA:RTH) is a retail fund, not a dedicated homebuilder ETF, but this product does have ample exposure to the retail side of residential real estate. Dow component Home Depot (NYSE:HD), the largest home improvement retailer, is the second-largest holding in RTH at nearly 11%.Of the 220 ETFs with exposure to Home Depot, RTH has the largest weight to that stock. Home Depot rival Lowe's (NYSE:LOW) is also a top 10 RTH holding at a weight of 4.63%. Of the 190 ETFs with exposure to Lowe's, RTH has the second-largest weight to that home improvement retailer.Several of RTH's other holdings also sell home improvement products and the ETF is a fine way of getting exposure to Amazon.com (NASDAQ:AMZN) as that stock represents over 20% of RTH's weight. SPDR S&P Homebuilders ETF (XHB)Expense ratio: 0.35% per year, or $35 on a $10,000 investment.Next to ITB, the SPDR S&P Homebuilders ETF (NYSEARCA:XHB) is the most widely followed homebuilder ETF, although the SPDR offering is not as pure as its iShares rival.XHB's equal-weight index provides exposure to the following groups: Building Products, Home Furnishings, Home Improvement Retail, Homefurnishing Retail and Household Appliances, according to State Street. * 7 Consumer Stocks to Buy and Hold for Years Pure homebuilders represent 31.64% of XHB's weight, the fund's second-largest industry weight. This homebuilder ETF also has significant consumer discretionary exposure as household appliances manufacturers, home improvement retailers and home furnishings retailers combine for over 26% of the fund's roster. Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL)Expense ratio: 1.12% per year, of $112 on a $10,000 investment.The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NYSEARCA:NAIL) is the only leveraged homebuilder ETF on the market and this fund looks to deliver triple the daily returns of the aforementioned Dow Jones U.S. Select Home Construction Index.As is the case with any leveraged ETF, NAIL should be used with care by risk-tolerant, short-term traders, not buy-and-hold investors. Good times to consider NAIL include days when housing data is released and earnings days for stocks such as D.R. Horton, Lennar and other marquee homebuilders.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 5 STARS Stocks That Continue to Define the Future * 7 of the Best ETFs to Buy for a Rock-Solid Portfolio * 5 Real Estate Stocks to Buy for Dividend Income Compare Brokers The post Build Something With These 5 Homebuilder ETFs appeared first on InvestorPlace.