Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

Benzinga

Business

Shivani Kumaresan

Why Are LGI Homes Shares Trading Lower Today

LGI Homes LGIH BTIG Nasdaq

BTIG analyst Carl Reichardt downgraded LGI Homes (NASDAQ:LGIH) to Sell from Neutral with a $98 price target, implying an 11% downside.
Carl showed concern about the company’s reliance on single-family rental investors for delivery volume and the impact of higher rates on those customers.
The analyst thinks that LGI has a higher demand risk profile than its public peers.
LGI closed 499 homes in February 2022.
Price Action: LGIH shares are trading lower by 8.46% at $110.04 on the last check Wednesday.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Jorge Rivera and his wife Dagmarie Aponte Iturrino attended a meeting with a school resource officer on Tuesday, before the situation escalated

The Independent UK

Trump Transition Delay Raises Concerns Over Security Clearances

Trump Transition Delay Raises Concerns Over Security Clearances

Delays in transition process for Trump administration may impact security clearances and vetting of nominees, potentially affecting national security prepa...

Supreme Court Urged To Overturn Mississippi's Felony Voting Ban

Supreme Court Urged To Overturn Mississippi's Felony Voting Ban

Legal challenge to Mississippi's felony disenfranchisement laws reaches U.S. Supreme Court, highlighting racial disparities and constitutional concerns.

Tensions rise as teachers remain on the picket line in 3 Massachusetts communities

Tensions rise as teachers remain on the picket line in 3 Massachusetts communities

Tensions continued to rise as teacher strikes in three Massachusetts communities slogged through another week

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Lawsuit challenges Hawaii's gun ownership ban for young adults

Lawsuit challenges Hawaii's gun ownership ban for young adults

A new lawsuit takes aim at Hawaii’s ban on gun ownership for those 18 to 20 years old

The Independent UK

Dominican Republic says colonel and officers stole police weapons and ammunition to sell to Haitians

Dominican Republic says colonel and officers stole police weapons and ammunition to sell to Haitians

Authorities in the Dominican Republic have arrested a colonel and nine officers accused of stealing weapons and ammunition from the police department’s armory and illegally selling them to people including criminals in neighboring Haiti, where violence has surged

The Independent UK

Related Stories

Top stories on inkl right now

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Florida parents caught on camera attacking school officer who disciplined their son for pushing a girl

Jorge Rivera and his wife Dagmarie Aponte Iturrino attended a meeting with a school resource officer on Tuesday, before the situation escalated

The Independent UK

Trump Transition Delay Raises Concerns Over Security Clearances

Trump Transition Delay Raises Concerns Over Security Clearances

Delays in transition process for Trump administration may impact security clearances and vetting of nominees, potentially affecting national security prepa...

Supreme Court Urged To Overturn Mississippi's Felony Voting Ban

Supreme Court Urged To Overturn Mississippi's Felony Voting Ban

Legal challenge to Mississippi's felony disenfranchisement laws reaches U.S. Supreme Court, highlighting racial disparities and constitutional concerns.

Tensions rise as teachers remain on the picket line in 3 Massachusetts communities

Tensions rise as teachers remain on the picket line in 3 Massachusetts communities

Tensions continued to rise as teacher strikes in three Massachusetts communities slogged through another week

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Lawsuit challenges Hawaii's gun ownership ban for young adults

Lawsuit challenges Hawaii's gun ownership ban for young adults

A new lawsuit takes aim at Hawaii’s ban on gun ownership for those 18 to 20 years old

The Independent UK

Dominican Republic says colonel and officers stole police weapons and ammunition to sell to Haitians

Dominican Republic says colonel and officers stole police weapons and ammunition to sell to Haitians

Authorities in the Dominican Republic have arrested a colonel and nine officers accused of stealing weapons and ammunition from the police department’s armory and illegally selling them to people including criminals in neighboring Haiti, where violence has surged

The Independent UK

Our Picks

Cher Reveals the "Fiasco" That Ensued When She Performed for Princess Margaret in 1965: "I Was Mortified"

"It was like a bad dream that we couldn’t get out of; we just had to stand there and wait for it to be over."

From frozen to feast, how to safely defrost your Thanksgiving turkey

Experts have recommended three different methods to defrost your turkey for Thanksgiving dinner

The Independent UK

“One of the most important guitars in rock and roll history”: George Harrison’s Futurama smashes auction estimate and sets a new record with staggering $1.27 million sale

The oddball electric – which was used during the Beatles’ early years, and saw action in over 300 historic shows – becomes the most expensive electric guitar formerly owned by a Beatle to sell at auction

Keke Palmer: I'm living life on my own terms

Keke Palmer has revealed that she feels proud to be living life "on [her] own terms".

Crypto entrepreneur Justin Sun buys $6 million banana—and plans to eat it unless Elon Musk wants to send it to space

Sun outbid six others for the iconic work.

Paul Simon names the fan-favorite song he’ll never perform again

The folk rock icon said his hearing loss has limited the songs he can perform live

The Independent UK

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play