Jay McCanless

Investors buy shares in real estate companies for exposure to property with a lower outlay but the same returns. Camden Property Trust RBC Capital Markets analyst Brad Heffern downgraded the ratings for Camden Property Trust (NYSE:CPT) from Outperform to Sector Perform, while keeping the price...

Shares of Lennar Corp (NYSE:LEN) have been in focus, with insufficient home supply driving record prices in the US. While the stock price has risen, there are no catalysts to adjust earnings estimates, according to Wedbush. The Lennar Analyst: Jay McCanless upgraded the rating for Lennar from...

Shares in homebuilders fell sharply this week following fourth-quarter results from D.R. Horton Inc (NYSE:DHI) which showed the company had to pile on the sales incentives to generate its top-line growth. Thus, even though the biggest house builder in the U.S. generated annual revenue growth of 6.4...

Shares of KB Home (NYSE: KBH) came under pressure in early trading on Tuesday, after the company reported a decline in sales for its fiscal third quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the earnings release. Wedbush On KB Home Analyst Jay...

Geo Group Inc (NYSE: GEO) shares are trading higher Tuesday following positive analyst coverage from Wedbush.  What Happened: Wedbush analyst Jay McCanless upgraded GEO Group from a Neutral rating to an Outperform rating and raised the price target from $10 to...

Perhaps there's no sector that can feel the negative impact of higher interest rates more than the housing sector. Therefore, it’s hard to be bullish on the sector in the current environment. With that being said, Jay McCanless, Senior Vice President of Equity Research at Wedbush...

On PreMarket Prep Plus "Wednesday's With Wedbush" Jay McCanless, equity analyst for the homebuilder sector joined the broadcast. Overview: The housing sector has been a stellar performer over the last two years. With higher interest rates on the horizon, can the stealth move higher...

Shares of luxury homebuilder Toll Brothers Inc (NYSE: TOL) are advancing Wednesday following an upbeat commentary on the company's prospects by an analyst at Wedbush. The Toll Brothers Analyst Jay McCanless has an Outperform rating and a $48 price target for Toll Brothers. Wedbush also added...

Lennar Corporation (NYSE: LEN) stock remains attractive in the long term, sell-side analysts said Wednesday after investors sent the share price on a post-earnings roller-coaster ride. The homebuilder had a strong earnings and revenue beat that boosted the stock early Tuesday, but sellers brought...

Wedbush downgraded homebuilding company Lennar Corporation (NYSE: LEN) in February, but the research firm sees multiple reasons why a bullish stance can be warranted again. The Analyst Wedbush's Jay McCanless upgraded Lennar from Neutral to Outperform with a price target lifted from $50 to...

Through acquisitions over the past four years, Taylor Morrison Home Corp (NYSE: TMHC) has transformed from a builder focusing only on the West Coast into a national builder. This seems to be underappreciated by the market, according to Wedbush. The Analyst Jay McCanless upgraded Taylor Morrison...

The end of February will be a busy period for homebuilder investors given a number of forthcoming economic releases and earnings reports. The following is what investors need to know, according to Wedbush's Jay McCanless. Economic Releases December 2018 Housing Starts (Feb. 26): Consensus...

Meritage Homes Corp (NYSE: MTH) shares trade below the group average, offering an attractive entry point, according to Wedbush. The Analyst Wedbush analyst Jay McCanless initiated coverage of Meritage Homes with an Outperform rating and $55 price target. The Thesis Meritage Home's mix...

Homebuilding stocks were mostly higher Tuesday after Wedbush turned incrementally bullish on three names, despite year-to-date declines: Beacon Roofing Supply, Inc. (NASDAQ: BECN), Beazer Homes USA, Inc. (NYSE: BZH) and LGI Homes Inc (NASDAQ: LGIH). The Analyst Wedbush's Jay...