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5 Homebuilder Stocks With the Brightest Outlook for 2012

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Lennar (LEN - Get Report) is one of the largest and most geographically diverse U.S. homebuilders, with operations in 15 states. It also provides title and mortgage-related services, is involved in about 50 joint ventures, and owns a distressed real estate unit Rialto Investments.

Lennar's shares have rallied 24% in the past three months, and though they're in the hole 10% this year, they're up 13% over the past 12 months.

Morningstar has a $26 price target on it, a 53% premium to its current price.

Morningstar analysts said in a recent research note that Lennar's third-quarter results "indicate that no other public builder is currently operating on a higher plane. Roughly flat revenue, strong gross margins, and increased deliveries and orders make Lennar's recent performance really stand out."

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DHI $26.57 0.00%
KBH $14.88 0.00%
LEN $47.19 0.00%
PHM $20.12 0.00%
TOL $36.80 0.00%


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S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

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