KBW has lowered its rating for Lennar Corp (NYSE:LEN) stock from "outperform" to "market perform" and has reduced its price target to between $141 and $152.
Lennar's stock has dropped 22% in the last year because of worries about a slowdown in the housing market, and the first quarter results are likely to be weak, especially in terms of orders. While analysts predict a big increase in earnings for 2025, high mortgage rates and possible tariffs could affect profits and demand. Additionally, the struggling housing market in Florida, especially in Southwest Florida, along with Lennar's recent purchase of Rausch Coleman, adds more uncertainty to the future.
On the most recent trading day, Lennar (LEN) closed at $125.19, which is a decrease of 0.75% compared to its last closing price.
On the most recent trading day, Lennar (LEN) closed at $125.19, which is a decrease of 0.75% compared to its last closing price.
Goldman Sachs analyst Susan Maklari maintained a Neutral rating on Lennar Corp's shares and reduced the price target from $150.00 to $141.00.
LEN boosts its market presence by making an important acquisition.
At the end of the last trading day, Lennar (LEN) was priced at $122.69, which represents a 0.62% increase compared to the previous day.
MIAMI--(BUSINESS WIRE)--Millrose Properties, Inc. (NYSE: MRP, “Millrose”) has announced that it has successfully completed the purchase of around 24,000 homesites from Rausch Coleman Homes (“Rausch Coleman”). At the same time, Millrose signed option agreements with Lennar Corporation (“Lennar”) for all the homesites it acquired. The acquisition of the Rausch Coleman homesites was made for approximately $.
MIAMI, Feb. 10, 2025 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B, "Lennar") has announced that it has successfully completed its acquisition of Rausch Coleman Homes, a homebuilder located in Fayetteville, Arkansas. This acquisition includes Rausch Coleman's operations, which sold around 5,300 homes at an average price of about $230,000 in 2024.
On February 7, 2024, Millrose Properties (NYSE: MRP; $26.74; Market Cap: $3.5 billion) and Lennar Corporation (NYSE: LEN; $121.94; Market Cap: $32.2 billion) began regular trading. MRP started at $23.49, reached a high of $27.07, a low of $22.26, and ended the day at $26.74.