IFM Investors Pty Ltd Buys 4,807 Shares of Lennar Corporation (NYSE:LEN)

IFM Investors Pty Ltd raised its position in Lennar Corporation (NYSE:LEN - Free Report) by 10.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,854 shares of the construction company's stock after buying an additional 4,807 shares during the period. IFM Investors Pty Ltd's holdings in Lennar were worth $5,607,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in LEN. Hurley Capital LLC acquired a new position in Lennar in the fourth quarter valued at about $26,000. SBI Securities Co. Ltd. bought a new stake in shares of Lennar during the fourth quarter valued at approximately $28,000. Ameriflex Group Inc. bought a new stake in shares of Lennar during the fourth quarter valued at approximately $30,000. Opal Wealth Advisors LLC bought a new stake in shares of Lennar during the first quarter valued at approximately $30,000. Finally, NBC Securities Inc. bought a new stake in shares of Lennar during the first quarter valued at approximately $33,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Wedbush reaffirmed a "neutral" rating and issued a $130.00 price objective on shares of Lennar in a research note on Wednesday, June 18th. Barclays cut their target price on shares of Lennar from $110.00 to $95.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 18th. Wells Fargo & Company cut their target price on shares of Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 9th. JMP Securities cut their target price on shares of Lennar from $150.00 to $130.00 and set a "market outperform" rating on the stock in a report on Friday, June 20th. Finally, Royal Bank Of Canada cut their price objective on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Lennar presently has a consensus rating of "Hold" and a consensus target price of $128.85.

Lennar Stock Up 1.0%

LEN stock traded up $1.12 during midday trading on Thursday, hitting $116.48. The company's stock had a trading volume of 4,238,243 shares, compared to its average volume of 2,737,329. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.65 and a quick ratio of 0.49. Lennar Corporation has a twelve month low of $98.42 and a twelve month high of $187.61. The company's fifty day moving average price is $109.11 and its 200 day moving average price is $117.71. The stock has a market capitalization of $30.73 billion, a P/E ratio of 9.63, a PEG ratio of 4.78 and a beta of 1.33.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.94 by ($0.04). The firm had revenue of $8.38 billion for the quarter, compared to analyst estimates of $8.21 billion. Lennar had a return on equity of 12.73% and a net margin of 9.20%. The firm's revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.45 earnings per share. As a group, equities research analysts predict that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 3rd. This represents a $2.00 annualized dividend and a dividend yield of 1.72%. Lennar's dividend payout ratio is presently 16.54%.

About Lennar

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.