Lennar Corporation(NYSE:LEN) announced the earnings results for Fiscal Year 2017 and Q1. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Earnings per share were $0.59.
In a different note, BTIG Research said it Initiates Coverage On Lennar Corporation, according to a research note issued on Feb 8, 2017. In the research note, the firm Announces the price-target to $56 per share. The shares have been rated ‘Buy’ by the firm.
Lennar Corporation (LEN) made into the market gainers list on Fridays trading session with the shares advancing 0.35% or 0.18 points. Due to strong positive momentum, the stock ended at $51.04, which is also near the day’s high of $51.33. The stock began the session at $51.05 and the volume stood at 18,64,249 shares. The 52-week high of the shares is $53.79 and the 52 week low is $39.68. The company has a current market capitalization of $11,967 M and it has 23,44,63,720 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On Feb 15, 2017, Steven L Gerard (director) sold 2,190 shares at $46.07 per share price.Also, On Jan 5, 2017, Jonathan M Jaffe (Vice President/COO) sold 20,000 shares at $43.05 per share price.On Sep 2, 2016, Irving Bolotin (director) sold 75,228 shares at $31.23 per share price, according to the Form-4 filing with the securities and exchange commission.
Lennar Corporation is a real estate company. The Company is a homebuilder a provider of real estate-related financial services a commercial real estate investment investment management and finance company. It operates under Homebuilding Operations Lennar Financial Services Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East Homebuilding Central Homebuilding West Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.