Why Are LGI Homes Shares Trading Lower Today

by Shivani Kumaresan, Benzinga Staff Writer

March 23, 2022 1:08 PM | 1 min read |

BTIG analyst Carl Reichardt downgraded LGI Homes 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.