45.36 0.00 (0.00%)
After hours: 6:22PM EST
|Bid||44.50 x 1400|
|Ask||46.00 x 800|
|Day's Range||45.15 - 46.25|
|52 Week Range||37.29 - 72.17|
|Beta (3Y Monthly)||1.25|
|PE Ratio (TTM)||8.34|
|Earnings Date||Apr 2, 2019 - Apr 8, 2019|
|Forward Dividend & Yield||0.16 (0.35%)|
|1y Target Est||56.75|
MIAMI, Jan. 16, 2019 /PRNewswire/ -- Lennar Corporation (NYSE:LEN and LEN.B), one of the nation's leading homebuilders, today announced that Fred Rothman has been promoted to the position of Chief Operating Officer. Today's announcement recognizes the significant contribution and leadership that Mr. Rothman has brought to Lennar over many years. Mr. Rothman will continue to oversee the Company's East Homebuilding Region and will take on an expanded role in Lennar's strategic land acquisition program.
Builder sentiment rose 2 points to 58 in January on a monthly index from the National Association of Home Builders. This came after two months of sharp drops in sentiment to the lowest level in more than two years. Current sales conditions rose 2 points to 63.
Luxury Mixed-Use Community Brings 220 Apartment Homes to San Diego's Little Italy Neighborhood SAN DIEGO , Jan. 15, 2019 /PRNewswire/ -- LMC, a leader in apartment development and management, today announced ...
Housing stocks, which have rebounded this year with the market, are still far off their one-year highs and could continue to plunge even further as the fundamentals of the U.S. housing industry weaken.
# Lennar Corp ### NYSE:LEN View full report here! ## Summary * Perception of the company's creditworthiness is negative but improving * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short 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 flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $11.47 billion over the last one-month into ETFs that hold LEN are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a strengthening bias over the past 1-month. Although LEN credit default swap spreads are decreasing, they are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to firstname.lastname@example.org. 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.
Lennar Corp. has acquired a Miami property that includes the Wynwood Yard food venue and the O Cinema was sold for $17 million and may be redeveloped, according to Sandstone Realty Advisors President Jim Fried, who brokered the deal. Wynwood Yard was one of the first major culinary attractions in the neighborhood, which has transitioned from an industrial area into a district for arts, dining and entertainment. Wynwood Yard founder Della Heiman is currently working on plans to open food halls in both Miami Beach and Doral.
Even though Lennar's earnings results weren't the best result recently, its chairman of the board still sees plenty of reasons to be optimistic.
Rising interest rates took a bite out of homebuilding stocks last year. From peak-to-trough, the Homebuilders ETF (NYSEARCA:XHB) experienced a 35% decline that broke the back of its weekly uptrend. The deteriorating price action has led many to wonder if traders are sniffing out economic weakness on the horizon that will hamper the housing market. The average 30-year fixed rate mortgage which sat as low as 3.41% in late-2016 rallied to just shy of 5% last year. While a mild rise in rates isn't likely to price buyers out of the market, a large rise will. And, no matter how you spin it, a ramp like we just saw is significant. But here's where I think things get interesting. Interest rates have backed off quite a bit over the past two months, breathing new life into homebuilders, which might make this an industry worth bottom fishing in. InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 10 A-Rated Stocks the Smart Money Is Piling Into Here are three of the top homebuilding stocks to consider. ### Toll Brothers (TOL) Source: ThinkorSwim Toll Brothers (NYSE:TOL) dragged the homebuilding sector lower last year, and it may be poised to lead it higher this year. 2018's 43% intrayear decline created many bearish setups for short sellers to capitalize on, but in Q4 it finally carved out a clear bottoming pattern. The rally at the turn of the year completed the reversal and kicked off a fresh uptrend. The 20-day and 50-day moving averages are both rising to confirm buyers' newfound dominance in the short- and intermediate-term trends. With TOL stock testing its 200-day moving average overhead, I suggest waiting for a pullback toward support at $34 or a breakout above $36.60 before buying. ### Lennar (LEN) Source: ThinkorSwim Lennar (NYSE:LEN) outpaced TOL stock to the downside last year with a 48% intra-year decline. But the catalyst that arrested the descent should be emboldening buyers here. On Jan. 9, Lennar reported better-than-expected earnings and its share price scored a rousing breakout. While its turnabout isn't as mature as TOL, I like the groundswell in volume we've seen accompanying the nascent uptrend. Continued institutional accumulation should support the trend reversal and make price dips from here a buyable event. * 7 Stocks to Buy That Are Ready for Takeoff If you're a willing LEN stock buyer, I like selling the Feb $42.50 puts for around 70 cents to 80 cents. ### D. R. Horton (DHI) Source: ThinkorSwim At -39%, last year's beating in D. R. Horton (NYSE:DHI) wasn't as severe as its predecessors. But the thrashing was enough to turn its trend across all time frames lower. Fortunately, the rally off the lows has been as impressive as TOL and LEN, making its budding uptrend tempting to bet on. In the short run, DHI stock has become a touch overextended, so some backing and filling may be in order before a low-risk entry emerges. Watch for a pullback toward $37 or a breakout over $40 before pulling the trigger. The stock has its quarterly earnings release slated for Jan. 25. As of this writing, Tyler Craig didn't hold a position in any of the aforementioned securities. Check out his recently released Bear Market Survival Guide to learn how to defend your portfolio against market volatility. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Key Emerging-Market Stocks to Buy for Contrarian Investors * 7 Stocks at Risk of the Global Smartphone Slowdown * 7 Pharmaceutical Stocks That Just Raised Prices This Year Compare Brokers The post 3 Homebuilder Stocks on the Mend appeared first on InvestorPlace.
Canadian homebuilder Mattamy Homes Corp., which has its U.S. operations based in Winter Park, is one of Central Florida’s most active homebuilders. The firm's current Orlando-area projects include the proposed Starwood community near Lake Nona that includes 4,400 homes, as well as Randal Park in southeast Orlando and Oxford Chase in Winter Garden, among others. Mattamy Homes — Central Florida's No. 3 homebuilder with 792 housing starts locally in 2017 — describes itself as solution-oriented and results-driven, but always fun.
The nation's largest homebuilder by market capitalization was able to blow past analyst expectations, but there are still signs that headwinds are developing.
This stock market rallied on two prongs: Jay Powell getting more realistic about the world's woes and their impact on our economy, and the runup in the price of oil -- which signaled, bizarrely, to a potential pick-up in world growth because of the resumption in trade talks with China. Now oil is backing off and Jay Powell gets a chance to take back the things he said that soothed the market, during a Q&A session at the Economic Club in Washington.
MIAMI, Jan. 10, 2019 /PRNewswire/ -- Lennar Corporation (NYSE:LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors authorized the Company to repurchase from time to time up to $1 billion in value, or 25,000,000 in shares, of the Company's outstanding Class A or Class B common stock. The purpose of the authorization is to enable the Company to purchase shares from time to time when its officers deem it appropriate for the Company to do so. During the year ended November 30, 2018, the Company, acting under a prior authorization, repurchased six million shares of its Class A common stock for a total of approximately $250 million. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations.
MIAMI , Jan. 10, 2019 /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 ...
Meanwhile, In corporate news, shares of Macy’s Inc. (NYSE: M) got crushed ahead of the opening bell after the retailer reported weak holiday results and cut its outlook. On the other hand, Target Corporation (NYSE: TGT) reported solid holiday sales. Wednesday’s moderately higher close for the S&P 500 Index (SPX) marked the fourth-straight day of gains, the first time that’s happened since a five-session stretch ending last Sept. 14.
The Dow Jones Industrial Average rose 0.39% to close at 23,879.12. The S&P 500 gained or 0.41% to end at 2584.96, while the Nasdaq Composite added 0.87% to reach 6957.08.