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

Shares of Lennar Corporation (NYSE:LEN) have earned an average rating of “Reduce” from the nineteen research firms that are covering the company, MarketBeat.com reports. Eight research analysts have rated the stock with a sell rating, ten have given a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $99.8667.

A number of research analysts have weighed in on LEN shares. Keefe, Bruyette & Woods reduced their price target on Lennar from $105.00 to $97.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 1st. Evercore dropped their price objective on Lennar from $89.00 to $82.00 and set an “underperform” rating for the company in a report on Monday, April 13th. Wells Fargo & Company dropped their price objective on Lennar from $100.00 to $90.00 and set an “equal weight” rating for the company in a report on Wednesday, April 8th. Seaport Research Partners restated a “sell” rating and set a $74.00 price objective (down from $140.00) on shares of Lennar in a report on Tuesday, April 7th. Finally, The Goldman Sachs Group dropped their price objective on Lennar from $110.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, April 10th.

Institutional Trading of Lennar

A number of institutional investors and hedge funds have recently made changes to their positions in LEN. Guerra Advisors Inc acquired a new stake in shares of Lennar during the 3rd quarter worth $25,000. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Lennar during the 3rd quarter worth $25,000. Redmont Wealth Advisors LLC acquired a new stake in Lennar in the 3rd quarter valued at $26,000. Phillip James Consulting Co. acquired a new stake in Lennar in the 1st quarter valued at $30,000. Finally, High Point Wealth Management LLC acquired a new stake in Lennar in the 4th quarter valued at $31,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Trading Up 0.5%

Shares of Lennar stock opened at $89.28 on Wednesday. Lennar has a fifty-two week low of $81.18 and a fifty-two week high of $144.24. The firm has a market cap of $22.05 billion, a PE ratio of 12.83, a P/E/G ratio of 1.96 and a beta of 1.41. The business’s fifty day moving average is $89.48 and its two-hundred day moving average is $105.92. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a return on equity of 7.80% and a net margin of 5.39%.The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.90 billion. During the same period in the prior year, the company earned $2.14 EPS. The company’s revenue for the quarter was down 13.3% compared to the same quarter last year. Analysts anticipate that Lennar will post 5.87 earnings per share for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Wednesday, April 22nd. Lennar’s dividend payout ratio is presently 28.74%.

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.