24.45 % to Target, Citigroup Reiterates ‘Buy’ Rating on Lennar (NYSE:LEN) Shares Today

June 20, 2018 - By Bradley Stiles

Lennar Corporation (NYSE:LEN) Logo

Investors sentiment increased to 2.09 in 2018 Q1. Its up 0.84, from 1.25 in 2017Q4. It is positive, as 50 investors sold Lennar Corporation shares while 100 reduced holdings. 92 funds opened positions while 221 raised stakes. 274.75 million shares or 32.49% more from 207.37 million shares in 2017Q4 were reported.

Lpl Finance Ltd Llc has 14,515 shares. The Georgia-based Suntrust Banks has invested 0.01% in Lennar Corporation (NYSE:LEN). Thomas White Intl holds 8,250 shares or 0.08% of its portfolio. 4,633 were accumulated by Sib Limited Liability. Kcm Invest Advsrs Llc invested in 0.06% or 17,758 shares. Moreover, Pggm Investments has 0.1% invested in Lennar Corporation (NYSE:LEN). Tci Wealth Advisors holds 0.01% in Lennar Corporation (NYSE:LEN) or 186 shares. Tcw Group reported 2.94 million shares. Alyeska Invest Grp Ltd Partnership has invested 0.56% of its portfolio in Lennar Corporation (NYSE:LEN). The New York-based Clearbridge Investments Ltd has invested 0.03% in Lennar Corporation (NYSE:LEN). Daiwa Securities Gru Inc has 0% invested in Lennar Corporation (NYSE:LEN). Ibm Retirement Fund invested 0.06% in Lennar Corporation (NYSE:LEN). Gulf Financial Bank (Uk) Limited owns 0.07% invested in Lennar Corporation (NYSE:LEN) for 89,176 shares. Amalgamated Bancorp holds 0.05% in Lennar Corporation (NYSE:LEN) or 32,088 shares. First Republic Investment Mgmt has invested 0.01% in Lennar Corporation (NYSE:LEN).

Since January 2, 2018, it had 0 buys, and 16 selling transactions for $22.28 million activity. 2,089 shares were sold by Gilliam Theron I, worth $131,565 on Friday, April 6. Collins David M also sold $355,750 worth of Lennar Corporation (NYSE:LEN) shares. 2,500 shares were sold by OLIVERA ARMANDO J, worth $156,884. On Tuesday, January 16 BESSETTE DIANE J sold $695,000 worth of Lennar Corporation (NYSE:LEN) or 10,000 shares. JAFFE JONATHAN M sold $1.17 million worth of stock or 20,000 shares. GROSS BRUCE E had sold 21,500 shares worth $1.55M on Monday, January 22.

Lennar (NYSE:LEN) Rating Reaffirmed

They currently have a $65 price target on Lennar (NYSE:LEN). The target price by Citigroup would suggest a potential upside of 24.45 % from the company’s last price. This has been revealed in a note on 20 June.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 15 analysts covering Lennar Corp (NYSE:LEN), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Lennar Corp has $99.0 highest and $60.0 lowest target. $74.36’s average target is 42.37% above currents $52.23 stock price. Lennar Corp had 21 analyst reports since December 21, 2017 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, January 4 by Susquehanna. Wedbush maintained Lennar Corporation (NYSE:LEN) on Wednesday, January 3 with “Hold” rating. The stock of Lennar Corporation (NYSE:LEN) earned “Outperform” rating by Wells Fargo on Tuesday, January 2. Citigroup maintained it with “Buy” rating and $73 target in Thursday, April 5 report. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, December 21. The stock of Lennar Corporation (NYSE:LEN) has “Outperform” rating given on Thursday, April 5 by Credit Suisse. J.P. Morgan upgraded Lennar Corporation (NYSE:LEN) rating on Tuesday, February 13. J.P. Morgan has “Buy” rating and $77.0 target. Credit Suisse maintained Lennar Corporation (NYSE:LEN) on Thursday, January 11 with “Hold” rating. On Wednesday, March 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock of Lennar Corporation (NYSE:LEN) earned “Buy” rating by Credit Suisse on Monday, January 22.

The stock increased 0.31% or $0.16 during the last trading session, reaching $52.23. About 2.65M shares traded. Lennar Corporation (NYSE:LEN) has risen 5.00% since June 21, 2017 and is uptrending. It has underperformed by 7.57% the S&P500.

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company has market cap of $16.81 billion. The firm operates through Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto, and Lennar Multifamily divisions. It has a 14.04 P/E ratio. The Company’s homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land.

More news for Lennar Corporation (NYSE:LEN) were recently published by: Seekingalpha.com, which released: “The Market Needs A Glum Index – Cramer’s Mad Money (6/18/18)” on June 19, 2018. Bizjournals.com‘s article titled: “Fintech Opendoor raises $325 million from heavy hitters to fuel national expansion” and published on June 13, 2018 is yet another important article.

Lennar Corporation (NYSE:LEN) Institutional Positions Chart

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