Lennar Corporation (NYSE:LEN)‘s stock had its “neutral” rating reaffirmed by analysts at Citigroup Inc. in a report released on Wednesday. They currently have a $59.00 price objective on the construction company’s stock, up from their prior price objective of $57.00. Citigroup Inc.’s price objective points to a potential upside of 4.59% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Argus reiterated a “buy” rating and set a $60.00 price target (up previously from $57.00) on shares of Lennar Corporation in a research report on Tuesday, July 25th. Mizuho lowered Lennar Corporation from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $59.00 to $53.00 in a research report on Tuesday, September 19th. MKM Partners upgraded Lennar Corporation from a “neutral” rating to a “buy” rating and set a $64.00 price target for the company in a research report on Wednesday. Keefe, Bruyette & Woods reiterated an “outperform” rating on shares of Lennar Corporation in a research report on Tuesday, July 4th. Finally, BidaskClub lowered Lennar Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $57.63.

Lennar Corporation (LEN) traded up 1.92% on Wednesday, reaching $56.41. The company’s stock had a trading volume of 3,605,800 shares. Lennar Corporation has a 52-week low of $39.68 and a 52-week high of $56.44. The firm has a market capitalization of $13.23 billion, a P/E ratio of 16.49 and a beta of 1.22. The firm has a 50-day moving average price of $51.62 and a 200 day moving average price of $52.02.

Lennar Corporation (NYSE:LEN) last announced its quarterly earnings results on Tuesday, October 3rd. The construction company reported $1.06 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.01 by $0.05. Lennar Corporation had a return on equity of 12.57% and a net margin of 6.78%. The company had revenue of $3.26 billion during the quarter, compared to analyst estimates of $3.25 billion. During the same quarter in the previous year, the firm posted $1.01 EPS. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. Equities analysts anticipate that Lennar Corporation will post $3.82 earnings per share for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Great Lakes Advisors LLC acquired a new stake in shares of Lennar Corporation in the second quarter valued at about $1,896,000. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Lennar Corporation by 2.6% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 658,941 shares of the construction company’s stock worth $35,135,000 after acquiring an additional 16,959 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Lennar Corporation by 9.7% in the 2nd quarter. Daiwa Securities Group Inc. now owns 6,200 shares of the construction company’s stock worth $331,000 after acquiring an additional 550 shares during the last quarter. LMR Partners LLP raised its holdings in shares of Lennar Corporation by 43.5% in the 2nd quarter. LMR Partners LLP now owns 14,295 shares of the construction company’s stock worth $762,000 after acquiring an additional 4,333 shares during the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Lennar Corporation by 17.9% in the 2nd quarter. Victory Capital Management Inc. now owns 33,473 shares of the construction company’s stock worth $1,785,000 after acquiring an additional 5,083 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Lennar Corporation Company Profile

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.

Analyst Recommendations for Lennar Corporation (NYSE:LEN)

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