Short Interest Update on Lennar Corporation (LEN)

Lennar Corporation

The share price of the company (NYSE:LEN) was down -1.23%, with a high of 47.94 during the day and the volume of Lennar Corporation shares traded was 1305151. Its down -0.01, from 1.25 in 2015Q4. The company’s revenue for the quarter was up 14.8% compared to the same quarter a year ago.

LEN has price to earnings ratio of 12.64 and the price to current year EPS stands at 23.50%. Sold All: 59 Reduced: 131 Increased: 179 New Position: 58. It operates under Homebuilding Operations, Lennar Financial Services, Rialto and Lennar Multifamily segments. Based on historic views, the average P/E ratio in market fluctuates between 15 to 25, but alone low P/E ratio does not necessarily mean that a company is undervalue. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily. It has a 12.85 P/E ratio. Its homebuilding operations include the construction and sale of single-family attached and detached homes.

About 1.71M shares traded hands. Evaluating the dividend distribution mode, it was noted that last year Lennar Corporation (NYSE:LEN) disbursed $0.04 in dividend compared to distribution of $0.04, a year ago. It has underperformed by 2.40% the SP500. The Company has average brokerage recommendation (ABR) of “1.4” based on consensus of the ZACKS brokerage firms. Zacks Investment Research raised shares of Lennar Corp. from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday. It operates under brand name Lennar. For the impending three-month period, the street is predicting Lennar Corporation (NYSE:LEN) to register EPS of $0.88, representing views of 6 brokerages. Moreover, Taube Hodson Stonex Partners Llp has 7.66% invested in the company for 819,107 shares. Argus assumed coverage on shares of Lennar a research report on Tuesday, July 5th. The firm attains analyst recommendation of 2.30 out of 1-5 scale with week’s performance of 1.24%. Five equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating on the company. LMT holds price to earnings ratio of 20.64 that presents much better indication for a stock’s value than the market price alone. LEN was included in 16 notes of analysts from September 22, 2015. Credit Suisse Group AG reaffirmed a “hold” rating on shares of Lennar a research report on Tuesday, June 28th. Susquehanna maintained LEN’s stock on a March 30.

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