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

Lennar (NYSE:LEN) had its price target dropped by research analysts at Citigroup from $113.00 to $104.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the construction company’s stock. Citigroup’s price objective suggests a potential upside of 9.97% from the company’s current price.

Several other equities analysts also recently commented on the stock. Royal Bank Of Canada set a $88.00 price target on shares of Lennar in a research note on Friday, January 9th. BTIG Research set a $90.00 price objective on shares of Lennar in a research note on Thursday, December 18th. The Goldman Sachs Group decreased their target price on shares of Lennar from $125.00 to $118.00 and set a “neutral” rating on the stock in a research report on Thursday, March 5th. Evercore cut shares of Lennar from an “in-line” rating to an “underperform” rating and lowered their target price for the stock from $114.00 to $92.00 in a report on Thursday, December 18th. Finally, Argus upgraded shares of Lennar to a “strong-buy” rating in a research report on Friday, January 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and nine have assigned a Sell rating to the company. According to MarketBeat, Lennar presently has an average rating of “Reduce” and a consensus target price of $102.07.

Lennar Stock Performance

NYSE:LEN opened at $94.57 on Tuesday. The stock has a 50 day simple moving average of $111.96 and a 200 day simple moving average of $118.84. The stock has a market cap of $23.36 billion, a P/E ratio of 13.59, a PEG ratio of 2.03 and a beta of 1.43. Lennar has a 1-year low of $92.17 and a 1-year high of $144.24. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last issued its quarterly earnings data on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). The firm had revenue of $6.62 billion during the quarter, compared to analyst estimates of $6.90 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business’s quarterly revenue was down 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.14 earnings per share. Research analysts anticipate that Lennar will post 12.48 earnings per share for the current year.

Hedge Funds Weigh In On Lennar

Several hedge funds and other institutional investors have recently made changes to their positions in LEN. World Investment Advisors lifted its holdings in shares of Lennar by 40.7% during the 4th quarter. World Investment Advisors now owns 2,423 shares of the construction company’s stock worth $249,000 after acquiring an additional 701 shares during the period. Corient Private Wealth LLC increased its stake in Lennar by 3.6% in the fourth quarter. Corient Private Wealth LLC now owns 68,662 shares of the construction company’s stock valued at $7,058,000 after acquiring an additional 2,381 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Lennar during the fourth quarter valued at approximately $244,000. Instrumental Wealth LLC bought a new stake in Lennar during the fourth quarter worth $307,000. Finally, River Road Asset Management LLC boosted its holdings in shares of Lennar by 10.3% in the 4th quarter. River Road Asset Management LLC now owns 461,696 shares of the construction company’s stock valued at $47,462,000 after purchasing an additional 43,186 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Lennar

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Potential value unlock from Miami‑Dade rezoning — Lennar is pursuing rezoning of a Miami‑Dade site for townhouses, which could improve density and margins on that land parcel if approved. Lennar could rezone Miami‑Dade site for townhouses
• Positive Sentiment: Short-term positive reaction to analyst target changes earlier this week — some coverage adjustments briefly lifted the stock intraday as investors re‑priced forward expectations. Why Is Lennar Corporation Stock Trading Higher Today?
• Neutral Sentiment: Keefe, Bruyette & Woods cut its price target to $105 and set a “market perform” rating — the new target still implies modest upside vs. current levels but signals a cautious stance. Benzinga
• Neutral Sentiment: Citigroup lowered its target to $104 and moved to “neutral,” another sign of more muted expectations from Street analysts. Benzinga
• Negative Sentiment: Quarterly miss — Lennar reported $0.88 EPS (vs. ~ $0.95 consensus) and revenue of $6.619B (vs. ~ $6.88B consensus). The top‑line decline and earnings miss are the primary fundamental reasons investors are retrenching. Earnings and revenue miss details
• Negative Sentiment: Bearish sell‑side notes — Truist and UBS issued pessimistic forecasts for LEN, adding downward pressure by signaling weaker outlooks from major brokers. Truist forecast UBS forecast
• Negative Sentiment: Local opposition/regulatory risk — Resident pushback against Lennar projects (e.g., Hill Country coverage) highlights execution and permitting risks that can delay projects and increase costs. Hill Country opposition

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.