5 Best Housing Stocks of 2021

2. Lennar Corporation (NYSE: LEN)

Number of Hedge Fund Holders: 49

Lennar Corporation (NYSE:LEN) is one of the largest homebuilder companies in the U.S., operating in 21 states. It is ranked second on our list of the 11 best housing stocks of 2021. The stock has returned over 45.48% to investors over the course of the past year.

On June 16, Lennar Corporation (NYSE:LEN) posted earnings for the second quarter of 2021, reporting earnings per share of $2.95, beating estimates by $0.57. The revenue over the period was around $6.43 billion, up 21.62% year-over-year.

At the end of the first quarter of 2021, 49 hedge funds in the database of Insider Monkey held stakes worth $1.57 billion in Lennar Corporation (NYSE:LEN). Out of the hedge funds being tracked by Insider Monkey, Greenhaven Associates has the most valuable stake in Lennar Corporation (NYSE:LEN) as of the end of the first quarter of 2021, worth close to $711 million, comprising 16.07% of its total 13F portfolio.

On June 21, Argus gave Lennar Corporation (NYSE:LEN) a $115 price target while reiterating its Buy rating. Argus argued that its marketing focus on affordable regions in Florida and Texas distinguishes Lennar Corporation (NYSE:LEN) from its competitors.