Fishman Jay A Ltd. MI Purchases New Stake in Lennar Corporation (LEN)

Pathstone Family Office Limited Liability Corp reported 0% of its portfolio in Lennar Corporation (NYSE:LEN). According to their predictions high & low revenue estimates are 3.69 Billion and 3.37 Billion respectively. The stock of Lennar Corporation (NYSE:LEN) has "Equal-Weight" rating given on Tuesday, July 11 by Barclays Capital. Of the analysts surveyed by Reuters that track Halliburton Company 3 of them rate its stock a hold. Sterling Capital Mgmt, a North Carolina-based fund reported 1.07M shares. MKM Partners raised Lennar Corporation from a "neutral" rating to a "buy" rating and set a $64.00 price target for the company in a report on Wednesday, October 4th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock.

The current Stock Price of Lennar Corporation is valued at $58.71, indicating a price change of -0.37%. They expect $0.97 earnings per share, up 12.79% or $0.11 from last year's $0.86 per share. This movement could be bad/good signal for few investors as firm is showing performance for the quarter as -4.08%. Lennar Corporation presently has a consensus rating of "Hold" and an average target price of $57.93. Washington Trust Bank grew its position in shares of Lennar Corporation by 47.6% in the 2nd quarter. DnB Asset Management AS boosted its position in shares of Lennar Corporation by 2.8% in the second quarter. The shares were sold at an average price of $56.48, for a total transaction of $282,400.00.

The organization is now holding a P/E ratio of 16.9 with a forward P/E ratio of 12.07, indicating how cheap or expensive the share price is which in turn reveals the sentiments of the investors. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The stock's quarterly performance represents optimistic momentum of 12.17 percent. Commonwealth Bank of Australia now owns 2,168 shares of the construction company's stock worth $114,000 after buying an additional 530 shares during the last quarter.

The Company plans to use the proceeds from the offering, which are estimated to be approximately $1.2 billion, on a gross basis before underwriting fees and expenses, to fund a portion of the cash consideration payable by the Company in connection with the Merger (as defined below), to pay expenses related to the Merger and for general corporate purposes. It fall, as 36 investors sold Lennar Corporation shares while 139 reduced holdings. The stock traded on unusually declined volume of 3.92 Million comparing to the average volume of 2819.72 shares, completing picture of exact trends with uncompleted dots in volume over the norm.

Lennar Corporation (LEN) opened at $58.22 on Tuesday.

TRADEMARK VIOLATION NOTICE: "Fishman Jay A Ltd. MI Purchases New Stake in Lennar Corporation (LEN)" was originally posted by TrueBlueTribune and is the property of of TrueBlueTribune. The company's market cap is $13.65 Billion, and the average volume is 2.75 Million.

Lennar Corporation (LEN) stock price rose 42.75 percent over the past one year, while increased 18.53 percent during the past 6 months. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.59 and a current ratio of 7.76.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 2nd. Stockholders of record on Thursday, October 19th were issued a $0.04 dividend. The ex-dividend date was Wednesday, October 18th. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of U.S. and worldwide trademark & copyright legislation.

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. Affinity Inv Advisors Ltd Company has invested 1.64% of its portfolio in Lennar Corporation (NYSE:LEN). Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

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