Citigroup Has Lowered Expectations for Lennar (NYSE:LEN) Stock Price

Lennar (NYSE:LEN) had its price objective decreased by equities researchers at Citigroup from $133.00 to $113.00 in a report issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the construction company’s stock. Citigroup’s price objective points to a potential downside of 4.98% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. Citizens Jmp reiterated a “market perform” rating on shares of Lennar in a research report on Wednesday. UBS Group cut shares of Lennar from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $137.00 to $122.00 in a research note on Tuesday. JPMorgan Chase & Co. cut their target price on shares of Lennar from $115.00 to $80.00 and set an “underweight” rating for the company in a research note on Thursday, December 18th. Weiss Ratings restated a “hold (c)” rating on shares of Lennar in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Lennar from a “hold” rating to a “sell” rating in a report on Monday, December 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, ten have given a Hold rating and seven have assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $106.00.

Lennar Trading Up 8.6%

LEN stock opened at $118.92 on Thursday. The company has a current ratio of 4.89, a quick ratio of 1.36 and a debt-to-equity ratio of 0.18. The firm has a market cap of $30.33 billion, a P/E ratio of 14.88, a P/E/G ratio of 1.26 and a beta of 1.42. Lennar has a 1-year low of $98.42 and a 1-year high of $144.24. The business’s 50 day moving average is $116.95 and its 200-day moving average is $121.24.

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

Institutional Investors Weigh In On Lennar

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Kingstone Capital Partners Texas LLC bought a new position in Lennar in the second quarter valued at about $424,950,000. Viking Global Investors LP boosted its stake in shares of Lennar by 86.7% in the 2nd quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company’s stock valued at $279,135,000 after purchasing an additional 1,172,068 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC grew its position in shares of Lennar by 14.6% during the 3rd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 4,732,654 shares of the construction company’s stock worth $596,504,000 after buying an additional 603,004 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Lennar during the second quarter worth approximately $25,440,000. Finally, Todd Asset Management LLC acquired a new position in Lennar in the third quarter valued at approximately $26,371,000. Institutional investors own 81.10% of the company’s stock.

More Lennar News

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Shares rose today on heavy volume, indicating buying interest that outweighed the negative analyst headlines (volume above average; technicals show price above the 50‑day SMA).
• Neutral Sentiment: Zacks published a FY2028 EPS projection of $10.17 for Lennar, signaling a longer‑range recovery expectation even as nearer‑term estimates were cut.
• Neutral Sentiment: Citizens / JMP reaffirmed a Market Perform (neutral) rating on LEN. Citizens Jmp Reaffirms Market Perform Rating for Lennar (NYSE:LEN)
• Neutral Sentiment: TPG’s acquisition of a majority interest in Quarterra was reported; this is industry‑level M&A news that may indirectly affect builder sentiment in certain markets but has no direct confirmed impact on Lennar. TPG Buys Majority Interest in Quarterra
• Negative Sentiment: Zacks cut Lennar’s near‑term and medium‑term EPS forecasts across multiple quarters and fiscal years (examples: FY2026 cut roughly to $6.14 from prior ~ $8.77; FY2027 cut to $8.42 from ~$10.11; several quarterly downgrades). Zacks kept a “Hold” rating — the cuts reduce near‑term earnings visibility and are a clear negative for consensus‑driven valuation.
• Negative Sentiment: Major sell‑side moves: Citigroup trimmed its price target to $113 and kept a neutral view (reported via Benzinga), and Wells Fargo lowered its target to $105 — both put downward pressure on sentiment. Citigroup price target cut reported at Benzinga Wells Fargo Lowers Lennar Price Target
• Negative Sentiment: Coverage notes after Lennar’s Q4 showing: some outlets and analysts moved LEN to market‑perform/neutral following an “underwhelming” quarter (Citizens/MSN coverage), reinforcing cautious sentiment. Lennar lowered to market perform at Citizens after underwhelming Q4

Lennar Company Profile

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.