Lennar Corp. (NYSE:LEN)‘s stock had its “outperform” rating reaffirmed by research analysts at FBR & Co in a note issued to investors on Wednesday.

Several other brokerages have also recently issued reports on LEN. Royal Bank Of Canada dropped their price objective on shares of Lennar Corp. from $64.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday. Citigroup Inc. dropped their price objective on shares of Lennar Corp. from $50.00 to $48.00 and set a “neutral” rating for the company in a research note on Wednesday. MKM Partners reaffirmed a “neutral” rating and set a $52.00 price objective on shares of Lennar Corp. in a research note on Wednesday, June 15th. Keefe, Bruyette & Woods dropped their price objective on shares of Lennar Corp. from $57.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, RBC Capital Markets reaffirmed a “buy” rating and set a $55.00 price objective on shares of Lennar Corp. in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Lennar Corp. currently has an average rating of “Buy” and a consensus price target of $54.19.

Shares of Lennar Corp. (NYSE:LEN) traded down 1.45% during trading on Wednesday, hitting $42.87. 2,178,767 shares of the stock were exchanged. Lennar Corp. has a one year low of $37.14 and a one year high of $52.50. The company has a market cap of $9.40 billion, a price-to-earnings ratio of 11.44 and a beta of 1.37. The stock’s 50 day moving average price is $46.34 and its 200-day moving average price is $46.48.

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Lennar Corp. (NYSE:LEN) last released its earnings results on Tuesday, September 20th. The company reported $1.01 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. The business earned $2.83 billion during the quarter. Lennar Corp. had a net margin of 8.52% and a return on equity of 14.41%. The firm’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.96 EPS. On average, analysts predict that Lennar Corp. will post $3.82 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Exxonmobil Investment Management Inc. TX increased its stake in shares of Lennar Corp. by 8.3% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 47,475 shares of the company’s stock worth $2,189,000 after buying an additional 3,622 shares in the last quarter. IBM Retirement Fund increased its stake in shares of Lennar Corp. by 6.5% in the second quarter. IBM Retirement Fund now owns 19,204 shares of the company’s stock worth $885,000 after buying an additional 1,169 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Lennar Corp. by 166.5% in the first quarter. Canada Pension Plan Investment Board now owns 10,393 shares of the company’s stock worth $503,000 after buying an additional 6,493 shares in the last quarter. Oakmont Corp increased its stake in shares of Lennar Corp. by 18.1% in the second quarter. Oakmont Corp now owns 610,270 shares of the company’s stock worth $28,133,000 after buying an additional 93,570 shares in the last quarter. Finally, Wesbanco Bank Inc. increased its stake in shares of Lennar Corp. by 77.9% in the second quarter. Wesbanco Bank Inc. now owns 143,977 shares of the company’s stock worth $6,638,000 after buying an additional 63,025 shares in the last quarter. 86.39% of the stock is currently owned by institutional investors.

About Lennar Corp.

Lennar Corporation is a homebuilder that operates in various states with deliveries of over 24,290 new homes. The Company’s segments include Homebuilding activities, which include Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida and Homebuilding Houston; Lennar Financial Services; Rialto, and Lennar Multifamily.

5 Day Chart for NYSE:LEN

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