Wedbush Analysts Lower Earnings Estimates for Lennar Co. (LEN)

Lennar Corp (Call) now has $16.20B valuation.

Shares of Lennar (NYSE LEN) traded down $0.31 during midday trading on Monday, reaching $69.26. Lennar Corporation earnings have risen with an annualized rate of 52% over the last 5 years. It has outperformed by 3.21% the S&P500. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Therefore 33% are positive. Wells Fargo initiated the stock with "Market Perform" rating in Thursday, September 29 report. The stock had a trading volume of 1,847,008 shares. As per Thursday, November 5, the company rating was maintained by Pivotal Research. The firm earned "Outperform" rating on Monday, May 16 by Wood. Lennar presently has a consensus rating of Hold and a consensus price target of $63.93. The rating was maintained by Stifel Nicolaus on Thursday, April 28 with "Buy". As per Thursday, August 6, the company rating was downgraded by Goldman Sachs. The stock of Lennar Corporation (NYSE:LEN) has "Overweight" rating given on Thursday, April 7 by Barclays Capital.

Salem Investment Counselors Inc decreased Lennar Corp. It also reduced its holding in Fortune Brands Home & Sec In (NYSE:FBHS) by 403,682 shares in the quarter, leaving it with 41,718 shares, and cut its stake in Reliance Steel & Aluminum Co (NYSE:RS). Abbvie Inc. (NYSE:ABBV) was raised too.

The investor is now holding $19.68 million shares due in part to a decrease of 388596 new shares in their portfolio. Its down 0.28, from 1.2 in 2017Q2.

Institutional investors have recently bought and sold shares of the stock. TX's holdings in Lennar were worth $2,056,000 at the end of the most recent reporting period. Following the transaction, the chief financial officer now owns 371,043 shares in the company, valued at $22,262,580. First Interstate Commercial Bank has invested 0.06% in Lennar Corporation (NYSE:LEN). Chartist Inc. CA purchased a new stake in Lennar during the second quarter valued at about $200,000. Bancorp Of America Corp De reported 4.95M shares stake. Rampart Inv Mgmt holds 2,576 shares or 0.05% of its portfolio. Texas Permanent School Fund, Texas-based fund reported 56,310 shares. QS Investors LLC grew its position in Lennar by 1.0% during the second quarter. The stock of Lennar Corporation (NYSE:LEN) earned "Neutral" rating by JP Morgan on Monday, March 14. The Company is a homebuilder that operates in various states. Blair William & Il accumulated 18,693 shares or 0.01% of the stock. Cleararc Capital Inc has 5,222 shares.

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Want to see what other hedge funds are holding LEN?

Several other institutional investors have also sold shares of the company.

Lennar Corporation is maintained at an average outperform rating by 21 stock analysts, and there are at least 8.67% of shares outstanding that are now legally short sold. Wedbush boosted their price objective on Lennar from $54.00 to $60.00 and gave the stock a "neutral" rating in a research note on Friday, December 29th. Therefore 67% are positive. Facebook had 218 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with "Hold" on Monday, September 11. Numis Securities maintained the shares of STVG in report on Wednesday, February 24 with "Hold" rating. The firm has "Neutral" rating given on Wednesday, September 21 by Citigroup. Hot Stocks Point (HSP) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. The firm has "Buy" rating given on Sunday, August 20 by RBC Capital Markets. The stock of Lennar Corporation (NYSE:LEN) has "In-Line" rating given on Wednesday, June 21 by Evercore. The stock of STV Group plc (LON:STVG) has "Buy" rating given on Friday, January 5 by Peel Hunt.

Investors sentiment decreased to 1.23 in Q3 2017. 128 funds opened positions while 644 raised stakes. Narrowing in further, the stock has been recently noted at -1.62% away from the 30 day high and +13.52% separated from the 30 day low. About 907,729 shares traded or 24.82% up from the average. Mizuho Asset Management Co. Bb&T Securities Ltd Liability Corp holds 103,582 shares or 0.07% of its portfolio. Shareholders of record on Friday, January 26th will be given a dividend of $0.04 per share. Landscape Management Llc has 0.44% invested in Corporate Office Properties Trust (NYSE:OFC) for 132,499 shares. 38,017 Facebook, Inc. (NASDAQ:FB) shares with value of $7.14M were sold by Schroepfer Michael Todd. World Asset Mngmt owns 17,889 shares. It has ditched 1.31 million shares. 16,620 were reported by Rafferty Asset Management Limited Liability Company. Livforsakringsbolaget Skandia Omsesidigt owns 0.05% invested in Lennar Corporation (NYSE:LEN) for 9,841 shares. (NASDAQ:FB). Lenox Wealth Advisors Inc has 10 shares. Barclays Public Ltd Com has 186,229 shares for 0.01% of their portfolio. Commonwealth Bank of Australia now owns 2,168 shares of the construction company's stock valued at $114,000 after buying an additional 530 shares in the last quarter. It has outperformed by 13.62% the S&P500. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily. Aqr Capital Management Llc who had been investing in Momenta Pharmaceuticals Inc for a number of months, seems to be bullish on the $1.20 billion market cap company. The firm invests in real estate markets of United States. It has a 19.14 P/E ratio.

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