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

Shares of Lennar Corporation (NYSE:LEN) have earned a consensus rating of “Reduce” from the eighteen research firms that are covering the stock, MarketBeat.com reports. Ten analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $92.80.

A number of research analysts have commented on LEN shares. Keefe, Bruyette & Woods dropped their price objective on shares of Lennar from $86.00 to $85.00 and set an “underperform” rating on the stock in a research note on Wednesday, June 17th. BTIG Research set a $67.00 price objective on Lennar in a research note on Monday, June 15th. Royal Bank Of Canada lowered their target price on Lennar from $88.00 to $85.00 and set an “underperform” rating on the stock in a research note on Monday, June 15th. Bank of America decreased their price target on Lennar from $84.00 to $77.00 and set an “underperform” rating for the company in a report on Friday, June 12th. Finally, Barclays cut their price objective on shares of Lennar from $80.00 to $79.00 and set an “underweight” rating for the company in a research report on Monday, June 15th.

Hedge Funds Weigh In On Lennar

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tounjian Advisory Partners LLC acquired a new position in shares of Lennar during the 4th quarter worth $2,599,000. Magnolia Group LLC acquired a new stake in shares of Lennar in the fourth quarter valued at about $6,756,000. Asset Management Advisors LLC boosted its holdings in Lennar by 30.1% during the fourth quarter. Asset Management Advisors LLC now owns 71,542 shares of the construction company’s stock worth $7,355,000 after buying an additional 16,560 shares in the last quarter. Prana Capital Management LP boosted its holdings in Lennar by 17.7% during the third quarter. Prana Capital Management LP now owns 393,027 shares of the construction company’s stock worth $49,537,000 after buying an additional 59,236 shares in the last quarter. Finally, KBC Group NV grew its position in Lennar by 34.3% during the fourth quarter. KBC Group NV now owns 62,689 shares of the construction company’s stock worth $6,445,000 after buying an additional 15,998 shares during the period. Institutional investors and hedge funds own 81.10% of the company’s stock.

Lennar Trading Up 0.2%

NYSE:LEN opened at $82.00 on Thursday. The company has a market capitalization of $19.75 billion, a PE ratio of 12.83, a P/E/G ratio of 2.72 and a beta of 1.38. Lennar has a 52-week low of $81.18 and a 52-week high of $144.24. The stock’s 50 day moving average price is $88.01 and its 200 day moving average price is $97.38. The company has a quick ratio of 0.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.19.

Lennar (NYSE:LEN) last posted its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. The business had revenue of $7.94 billion during the quarter, compared to the consensus estimate of $8.08 billion. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The company’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 earnings per share. On average, research analysts anticipate that Lennar will post 5.52 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 24th. Investors of record on Friday, July 10th will be given a $0.50 dividend. The ex-dividend date is Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.4%. Lennar’s dividend payout ratio (DPR) is presently 31.30%.

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.