Residential Construction Stocks on Investors' Radar -- Lennar, TRI Pointe, Gafisa, and WCI Communities

NEW YORK, January 23, 2017 /PRNewswire/ --

Companies in the Residential Construction industry construct and renovate residential buildings, and generally specialize in either single-family or multifamily work. The profitability of individual companies depends on efficient operations and securing favorable building locations. Pre-market, Stock-Callers.com takes note of the following equities: Lennar Corp. (NYSE: LEN), TRI Pointe Group Inc. (NYSE: TPH), Gafisa S.A. (NYSE: GFA), and WCI Communities Inc. (NYSE: WCIC). Learn more about these stocks by downloading their comprehensive and free reports at:

http://stock-callers.com/registration

Lennar  

Miami, Florida-based Lennar Corp.'s shares finished Friday's session 0.27% higher at $43.85. A total volume of 2.35 million shares was traded. The stock has gained 1.04% in the last month, 4.48% in the previous three months, and 2.14% on an YTD basis. The Company's shares are trading above their 50-day moving average by 1.10%. Moreover, shares of Lennar, which together with its subsidiaries, engages in the homebuilding activities in the US, have a Relative Strength Index (RSI) of 50.77.

On January 06th, 2017, research firm Barclays initiated an 'Overweight' rating on the Company's stock, with a target price of $50 per share.

As per a SEC filing dated January 20th, 2017, Lennar completed the sale of $600 million aggregate principal amount of its 4.125% Senior Notes due 2022 on January 20th, 2017. The Company received net proceeds of approximately $595.0 million from the sale of the Notes after deducting the underwriters' fees and certain expenses of the offering. Interest on the Notes will accrue at the rate of 4.125% per annum from January 20th, 2017, and will be payable semi-annually on January 15th and July 15th of each year, commencing July 15th, 2017. The Notes will mature on January 15th, 2022, subject to earlier redemption or repurchase. LEN complete research report is just a click away and free at:

http://stock-callers.com/registration/?symbol=LEN

TRI Pointe

Shares in Irvine, California headquartered TRI Pointe Group Inc. ended the day 0.94% higher at $11.87 with a total trading volume of 953,162 shares. The stock has advanced 3.40% since the start of this year. The Company's shares are trading 0.63% above their 50-day moving average. Moreover, shares of TRI Pointe, which through its subsidiary, TRI Pointe Homes, Inc., engages in the design, construction, and sale of single-family attached and detached homes in the US, have an RSI of 51.17.

On January 06th, 2017, research firm Barclays initiated an 'Overweight' rating on the Company's stock, with a target price of $14 per share.

On January 17th, 2017, TRI Pointe Group announced that it will release financial results for Q4 2016 and FY16 before the market opens on February 22nd, 2017. The Company will host a call on the same day to discuss the results at 10:00 AM ET. The call will be hosted by Doug Bauer, CEO, Tom Mitchell, COO and Mike Grubbs, CFO. The complimentary report on TPH can be downloaded at:
http://stock-callers.com/registration/?symbol=TPH

Gafisa

Sao Paulo, Brazil headquartered Gafisa S.A.'s stock jumped 6.25%, closing the session at $1.53. A total volume of 515,512 shares was traded. The Company's shares have surged 37.84% in the last one month and 37.84% since the start of this year. The stock is trading 21.29% above its 50-day moving average and 14.38% above its 200-day moving average. Additionally, shares of Gafisa, which operates as a homebuilder in Brazil, have an RSI of 71.97. Sign up for your complimentary research report on GFA at:

http://stock-callers.com/registration/?symbol=GFA

WCI Communities

On Friday, shares in Bonita Springs, Florida headquartered WCI Communities Inc. finished the session 0.21% higher at $23.40 with a total trading volume of 83,875 shares. The stock is trading above its 50-day and 200-day moving averages by 0.21% and 17.83%, respectively. Shares of the Company, which operates as a lifestyle community developer and luxury homebuilder in Florida, have an RSI of 49.57.

As per a SEC filing dated December 23rd, 2016, WCI Communities stated that Keith E. Bass, its President and CEO, is eligible to receive an annual bonus as a participant of the 2016 Management Incentive Compensation Plan, with a target bonus opportunity of $1,600,000 and a maximum bonus opportunity of $2,400,000. On December 22nd, 2016, the Company and Mr. Bass entered into a letter agreement pursuant to which an initial payment in respect of Mr. Bass' 2016 annual bonus equal to 100% of target bonus opportunity, or $1,600,000, will be paid to Mr. Bass on or prior to December 31st, 2016. Get free access to your research report on WCIC at:

http://stock-callers.com/registration/?symbol=WCIC

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number: +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.