Lennar a Stock for the Surging Home Market

LennarLennar Corp. (NYSE: LEN) is a homebuilding company that specializes in financial and investment management. It offers mortgage financing, closing services, and title insurance for home buyers. It engages primarily with the homebuilding segment of the market, rather than pre-existing homes.

7 of the Biggest Mistakes People Make When Choosing a Financial Advisor Learn More

Last week came with the news that home building activity is at its highest level since before the Great Recession. Analysts have noted that more new homes have now sold in 2020 than they did in the entire previous year. The comeback from the decline earlier in the Coronavirus Pandemic has been incredibly strong, and it’s great news for investors.

Lennar was already a strong pick in the housing market. Its sales revenue and income have increased for five consecutive years. The company is profitable and returns a dividend with a yield of 0.65%. Analysts predict a moderate upside with a target price of $87.50, suggesting gains for investors that buy now.

The recent pullback in stocks has made LEN more affordable than its recent peak. For its potential to grow even more in a strengthening new-build home market, this is one of the best picks available today.

Key Data:

  • 1 Year Price Growth: 33%
  • YTD Price Growth: 48%
  • 3 Month Price Growth: 84%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

 

The reports, research and newsletter are based on current and historical market data, as well as publicly available financial data.They are intended to be a starting point for investors. They do not provide every material fact about a company or industry, nor are they recommendations to buy or sell. The writers and the company make no warranties or representations as to the accuracy of these reports.   You should NOT rely solely upon the information or opinions read in the content. Rather, you should use the content as a starting point for doing independent research on the independent analysis and trading methods in the content. The content is impersonal and does not provide individualized advice or recommendations for any specific reader or individual portfolio. By accessing this website you have agreed to our disclaimers and privacy policy.

 

You May Also Like