Lennar Corporation (NYSE:LEN) Receives Consensus Rating of “Reduce” from Analysts

Lennar Corporation (NYSE:LEN) has been given a consensus recommendation of “Reduce” by the nineteen brokerages that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $109.6154.

A number of brokerages have issued reports on LEN. Royal Bank Of Canada downgraded Lennar from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $106.00 to $95.00 in a report on Wednesday, December 17th. Wall Street Zen lowered shares of Lennar from a “hold” rating to a “sell” rating in a report on Monday, December 8th. Wedbush reissued a “neutral” rating and set a $130.00 price target on shares of Lennar in a report on Monday, September 22nd. BTIG Research set a $90.00 price target on shares of Lennar in a research report on Thursday, December 18th. Finally, Barclays decreased their price objective on shares of Lennar from $98.00 to $88.00 and set an “underweight” rating for the company in a research report on Thursday, December 18th.

Institutional Trading of Lennar

Several institutional investors have recently bought and sold shares of the business. Brighton Jones LLC raised its stake in shares of Lennar by 27.9% during the 4th quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after buying an additional 377 shares during the period. OMERS ADMINISTRATION Corp grew its stake in Lennar by 7.8% in the 1st quarter. OMERS ADMINISTRATION Corp now owns 9,276 shares of the construction company’s stock valued at $1,065,000 after acquiring an additional 668 shares during the period. Lansforsakringar Fondforvaltning AB publ increased its holdings in Lennar by 1.2% in the 1st quarter. Lansforsakringar Fondforvaltning AB publ now owns 52,293 shares of the construction company’s stock worth $6,002,000 after acquiring an additional 630 shares in the last quarter. Evergreen Capital Management LLC raised its position in Lennar by 57.0% during the first quarter. Evergreen Capital Management LLC now owns 4,032 shares of the construction company’s stock worth $463,000 after acquiring an additional 1,464 shares during the period. Finally, Titleist Asset Management LLC purchased a new position in Lennar during the first quarter valued at $2,474,000. 81.10% of the stock is owned by institutional investors and hedge funds.

Lennar Price Performance

NYSE:LEN opened at $104.76 on Friday. The firm’s fifty day moving average is $121.02 and its two-hundred day moving average is $121.45. The firm has a market cap of $26.72 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.14 and a beta of 1.38. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89. Lennar has a one year low of $98.42 and a one year high of $144.24.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The company had revenue of $9.37 billion during the quarter, compared to analyst estimates of $9.17 billion. During the same period last year, the firm earned $4.03 EPS. The business’s quarterly revenue was down 5.8% compared to the same quarter last year. Research analysts expect that Lennar will post 12.48 EPS for the current year.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.