Lennar (LEN) Faces Earnings Headwinds from Land Banking Strategy, Says Keefe Bruyette

Lennar Corporation (NYSE:LEN) is included among Billionaire Mario Gabelli’s Top 12 Dividend Stocks.

Lennar (LEN) Faces Earnings Headwinds from Land Banking Strategy, Says Keefe Bruyette

On June 17, Keefe Bruyette raised its price recommendation on Lennar Corporation (NYSE:LEN) to $86 from $85. It reiterated an Underperform rating on the stock. Analyst Jade Rahmani said in a research note that Lennar’s earnings outlook remains pressured by land banking costs, which continue to weigh on margins.

On June 16, JPMorgan lowered its price goal on LEN to $77 from $80. It kept an Underweight rating on the shares. In a research note, the analyst said the company reduced its fiscal 2026 closings guidance after a weaker-than-expected spring selling season. Following the earnings report, the firm also lowered its estimates for Lennar.

Lennar Corporation (NYSE:LEN) is a homebuilder and a provider of residential and commercial mortgage loans. The company also offers title insurance and closing services and develops multifamily rental properties.

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