Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Why Are LGI Homes Shares Trading Lower Today

  • BTIG analyst Carl Reichardt downgraded LGI Homes (NASDAQ:LGIHto 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
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.