Investors’ Patience Is Being Tested Right Now By Lennar Corp. (NYSE: LEN)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Yahoo Finance discussed the stock recently as it posted Quarterra Multifamily Announces the Start of Leasing at Emblem Conyers Apartments.

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Stocks Info

Lennar Corp. is listed on the NYSE as a member of the Consumer Cyclical sector and is a part of the Residential Construction industry. The current market capitalization of Lennar Corp. is $46.33B. A total of 2.16 million shares were traded on the day, compared to an average of 2.10M shares.

In the most recent transaction, BESSETTE DIANE J sold 10,000 shares of LEN for 147.73 per share on Dec 26 ’23. After the transaction, the VP/CFO/Treasurer now owns 260,556 company shares. In a previous transaction on Dec 21 ’23, SUSTANA MARK sold 37,304 shares at 146.38 per share. LEN shares that VP/General Counsel/Secretary owns now total 18,694.

Among the insiders who sold shares, Collins David M disposed of 10,000 shares on Nov 14 ’23 at a per-share price of $130.00. This resulted in the VP & Controller holding 37,060 shares of LEN after the transaction. In another insider transaction, McCall Jeffrey Joseph sold 1,157 shares at $105.01 per share on Oct 23 ’23. Company shares held by the Executive Vice President now total 131,386.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Lennar Corp. pays an annual dividend of $1.62, resulting in a dividend yield of 0.98%, and it has a price to earnings (P/E) ratio of 11.63. LEN’s most recent ex-dividend date was 1/23/2024 when it declared a $0.50 quarterly dividend that was paid in cash on 2/7/2024. Previously, the company paid the dividend on 10/26/2023 with an ex-dividend date of 10/11/2023. The LEN stock dividend was $0.3750 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, LEN has a high of $172.59 and a low of $100.95.

As of this writing, LEN has an earnings estimate of $3.24 per share for the current quarter. EPS was calculated based on a consensus of 18 estimates, with a high estimate of $3.44 per share and a lower estimate of $3.16. The company reported an EPS of $4.82 in the last quarter, which was 5.00% higher than expectations of $4.59.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. LEN’s latest balance sheet shows that the firm has $2.96B in Cash & Short Term Investments as of fiscal 2021. There were $6.38B in debt and $1.32B in liabilities at the time. Its Book Value Per Share was $95.74, while its Total Shareholder’s Equity was $21.00B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for LEN is Buy with a score of 3.95.

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