Lennar Corporation (LEN) Can’t Burn Your Long Portfolio. Just Reaches 52-Week High

November 21, 2017 - By Vivian Park

Investors sentiment decreased to 1.2 in 2017 Q2. Its down 0.09, from 1.29 in 2017Q1. It is negative, as 36 investors sold Lennar Corporation shares while 139 reduced holdings. 61 funds opened positions while 149 raised stakes. 187.51 million shares or 1.47% less from 190.31 million shares in 2017Q1 were reported.
Quantitative Systematic Strategies Llc stated it has 0.49% in Lennar Corporation (NYSE:LEN). Nomura Holding Inc owns 528,186 shares or 0.07% of their US portfolio. Optimum Advisors invested in 6,500 shares or 0.12% of the stock. Zacks Investment Mgmt holds 14,429 shares. Cleararc Cap invested in 0.04% or 5,007 shares. Sumitomo Mitsui Asset Mngmt Ltd reported 16,470 shares or 0.01% of all its holdings. Exane Derivatives holds 0% or 1 shares in its portfolio. Horizon Kinetics Ltd Liability has 10,431 shares for 0.02% of their portfolio. Illinois-based Thomas White Intl Ltd has invested 0.11% in Lennar Corporation (NYSE:LEN). Moreover, Cannell Peter B has 0.32% invested in Lennar Corporation (NYSE:LEN). Robeco Institutional Asset Management Bv holds 0% of its portfolio in Lennar Corporation (NYSE:LEN) for 8,697 shares. 22,358 were reported by Jane Street Grp Ltd. Parametric Associate Limited Com has 0.03% invested in Lennar Corporation (NYSE:LEN) for 464,319 shares. Kentucky Retirement Insur Fund owns 5,565 shares for 0.05% of their portfolio. Price T Rowe Assoc Md holds 0.04% of its portfolio in Lennar Corporation (NYSE:LEN) for 4.28M shares.

The stock of Lennar Corporation (NYSE:LEN) hit a new 52-week high and has $64.92 target or 7.00 % above today’s $60.67 share price. The 6 months bullish chart indicates low risk for the $14.15B company. The 1-year high was reported on Nov, 21 by Barchart.com. If the $64.92 price target is reached, the company will be worth $990.50M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 1.02M shares traded. Lennar Corporation (NYSE:LEN) has risen 19.91% since November 21, 2016 and is uptrending. It has outperformed by 3.21% the S&P500.

Analysts expect Lennar Corporation (NYSE:LEN) to report $1.50 EPS on December, 18.They anticipate $0.16 EPS change or 11.94 % from last quarter’s $1.34 EPS. LEN’s profit would be $349.92 million giving it 10.12 P/E if the $1.50 EPS is correct. After having $1.06 EPS previously, Lennar Corporation’s analysts see 41.51 % EPS growth.

Lennar Corporation (NYSE:LEN) Ratings Coverage

Among 24 analysts covering Lennar (NYSE:LEN), 15 have Buy rating, 0 Sell and 9 Hold. Therefore 63% are positive. Lennar has $77 highest and $45 lowest target. $59.18’s average target is -2.46% below currents $60.67 stock price. Lennar had 54 analyst reports since September 22, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wood on Friday, April 7. Wood maintained it with “Outperform” rating and $59 target in Wednesday, March 30 report. The stock of Lennar Corporation (NYSE:LEN) has “Outperform” rating given on Monday, June 27 by Raymond James. The stock of Lennar Corporation (NYSE:LEN) has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. As per Wednesday, October 4, the company rating was maintained by Bank of America. Wedbush initiated Lennar Corporation (NYSE:LEN) on Tuesday, September 20 with “Neutral” rating. The stock has “Overweight” rating by Barclays Capital on Wednesday, March 30. The rating was maintained by RBC Capital Markets with “Outperform” on Wednesday, September 21. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, August 22. The firm earned “Equal-Weight” rating on Tuesday, July 11 by Barclays Capital.

More notable recent Lennar Corporation (NYSE:LEN) news were published by: Seekingalpha.com which released: “Lennar announces offering of senior notes” on November 14, 2017, also Nj.com with their article: “Couple finds bottles of urine, rodents behind walls of their $2M luxury condo” published on November 02, 2017, Seekingalpha.com published: “Lennar Becomes The Biggest US Homebuilder Following CalAtlantic Acquisition” on October 31, 2017. More interesting news about Lennar Corporation (NYSE:LEN) were released by: Prnewswire.com and their article: “Lennar Corporation Declares Dividend of Class B Common Stock” published on October 30, 2017 as well as Moodys.com‘s news article titled: “Moody’s rates Lennar’s notes Ba1; stable outlook” with publication date: November 14, 2017.

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The company has market cap of $14.15 billion. The Firm is a homebuilder that operates in various states. It has a 17.47 P/E ratio. The Company’s divisions include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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