According to TipRanks, Hecht is a 3-star analyst with an average return of 2.3% and a 48.60% success rate. Hecht covers the Real Estate sector, focusing on stocks such as LGI Homes, Clipper Realty, and Alexandria Equities.
Lennar has an analyst consensus of Moderate Buy, with a price target consensus of $145.36, which is a 24.20% upside from current levels. In a report released yesterday, BTIG also maintained a Buy rating on the stock with a $161.00 price target.
Based on Lennar’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $8.05 billion and a net profit of $877.74 million. In comparison, last year the company earned a revenue of $8.36 billion and had a net profit of $7.78 billion
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LEN in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Incorporated in 1954, Florida-based Lennar Corp. is a homebuilder company, which provides real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other.
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