Lennar Corporation (LEN) News: Home Sites from Covington Capital, Luxury Apartment Project, Buy Rating & More

Lennar closes on more than 800 home sites in San Antonio area (San Antonio Business Journal)
Lennar Corporation (NYSE:LEN) San Antonio is continuing its campaign to significantly expand its presence in the greater San Antonio housing market, via some hefty land deals. The latest buy for the builder — the entire local land portfolio of Covington Capital. With the deal, Lennar now owns an additional 813 paper and finished homebuilder lots in San Antonio. “We look forward to offering even more options for those looking to live in Cibolo or the Far West Side,” says Lennar Corporation (NYSE:LEN) San Antonio Division President David Grove. “These communities offer many amenities that families can immediately enjoy upon move in, and are located in well-regarded school districts.”

Lennar Corporation (NYSE:LEN)

Tempe to Get Lennar Luxury Apartments (Zacks.com)
Lennar Multifamily, a real estate investment unit of Lennar Corporation (NYSE:LEN), in partnership with Resmark Apartment Living recently unveiled a luxury apartment project at Tempe Town Lake, Ariz. The apartment located south of the Tempe Center for the Arts on Rio Salado Parkway will have 328 units. The project accommodates five story buildings. The residents will have easy access to two swimming pools, seating areas, fitness center, club house and shopping, dining and entertainment centers such as the Mill Avenue District and Tempe Marketplace.

Lennar Earnings Preview: Waiting For Better Valuation (Seeking Alpha)
Lennar Corporation (NYSE:LEN), one of the premier homebuilders in the sector, reports its fiscal 2nd quarter, 2013 financial results before the bell on Tuesday, June 25, 2013. Analyst consensus is expecting $0.33 in earnings per share (EPS) on $1.33 billion in revenue, for expected year-over-year growth of 43% and 57%. The consensus EPS estimate has been stable since the last March ’13 earnings report, while revenue estimates have drifted higher. Last quarter, reported in late March, 2013, Lennar Corporation (NYSE:LEN) reported monster numbers (again) with revenues up 37%, EPS +225%, and orders rising 34%. From an analyst note out of Williams Financial, dated March 21, Southeast Florida was particularly strong, with backlog and orders rising 246% and 123% respectively.

Homebuilder Lennar expands into Nashville (South Florida Business Journal)
Lennar Corporation (NYSE:LEN) one of the nation’s leading homebuilders, has expanded into the Nashville market by acquiring control of approximately 40 homesites in the Tollgate Village community. Andy Pfeifer, a 12-year Nashville homebuilding veteran, is leading the effort for Lennar . “We have been evaluating the Nashville market for some time and believe this is a perfect time to enter this market,” said Rob Hutton, president of Lennar’s Central Region, in a news release.

Lennar Receives Buy Rating from TheStreet (LEN) (Watch List News)
TheStreet reaffirmed their buy rating on shares of Lennar Corporation (NYSE:LEN) in a report released on Thursday, AnalystRatingsNetwork.com reports. “Lennar Corporation (LEN) has been reiterated by TheStreet Ratings as a buy with a ratings score of B. The company’s strengths can be seen in multiple areas, such as its robust revenue growth, solid stock price performance, compelling growth in net income, notable return on equity and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company shows weak operating cash flow.,” TheStreet’s analyst wrote.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 Most Expensive Digital Cameras to Snap Stunning Shots With

The 10 Highest Quality Fast Food Restaurants In America Today

The 8 Best Halloween Decorating Ideas to Spook Up Your House

10 Marvel Women that Should Get a Movie Right Now

The 20 Best Remixes of Popular Songs that Will Make You Forget the Originals

7 Most Expensive Cities in the World

5 Least Expensive Cities in the World

10 Celebrities Who Believe In Scientology

10 High Margin Food Products to Build a Business Around

The 10 Most Expensive Clothing Stores in the United States to Get Decked Out At

The 5 Biggest Kickstarter Scams That Swindled Backers’ Donations

The 10 Most Expensive Boarding Schools In the World

50 Crazy Facts About Japan You Won’t Believe

Top 10 Least Expensive Hybrid Cars to Save the Planet With

The 10 Biggest ‘Gate’ Controversies in History

The 10 States with the Highest Nursing Shortages Leaving Their Hospitals Depleted

The 10 Best Value Investment Blogs that Every Investor Must Read

The 6 Cheapest Boarding Schools in Europe 2015

The 5 Most Expensive Cars To Insure in the World

The 10 Most Common Genetically Modified Foods

10 Self-Made Billionaires Who Came From Nothing

The 10 Most Expensive Cities to Live in North America

The 13 Most Expensive Headphones in the World to Represent

The Top 20 Wealthiest Soccer Teams in 2014

4 BuzzWorthy Cannabis Stocks And Some Smoking Derivative Plays

The 10 Healthiest Fast Food Chains in America to Dine At

The 5 Most Expensive Cat Food Brands You Can Spoil Your Kitty With

The 6 Best eCommerce Platforms for Small Businesses

The 10 Worst Mistakes an Entrepreneur Can Make

The 5 Most OP Characters in League of Legends to Carry Games and Crush Foes With

The 5 Best Foods to Eat Before Running that Will Help You Pound the Pavement

10 Glaring Plot Holes in The Walking Dead that a Zombie-Filled Bus Could Drive Through

The 5 Biggest Celebrity Stoners Who Love Their Reefer

The 10 Most Overrated Movies Of All Time by Out-of-Touch Critics

Top 6 Least Expensive Cruise Destinations For 2015 that Will Take You to Paradise

10 States with Lowest Substance Abuse Rates in America

The 14 Most Watched TV Finales Ever

The 10 Best Selling Role Playing Games of All Time for PC

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

Top 6 Cities For The Ultra Rich to Live in Comfort

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

How to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!