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, 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:


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:

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:


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:

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:


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