Partners Capital Investment Group LLP Invests $278,000 in Lennar Corporation $LEN

Key Points

• Partners Capital Investment Group LLP has purchased a new stake in Lennar Corporation, acquiring 2,424 shares valued at approximately $278,000 in the first quarter.
• Lennar reported $1.90 earnings per share (EPS) for the last quarter, missing projections and showing a 4.4% decline in revenue year-over-year.
• The company declared a quarterly dividend of $0.50 per share, reflecting an annualized yield of 1.5%, with a payout ratio currently at 16.54%.

Partners Capital Investment Group LLP bought a new position in Lennar Corporation (NYSE:LEN - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,424 shares of the construction company's stock, valued at approximately $278,000.

Several other large investors have also made changes to their positions in the company. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Lennar by 54.6% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 5,129 shares of the construction company's stock valued at $589,000 after acquiring an additional 1,811 shares in the last quarter. Voss Capital LP acquired a new position in shares of Lennar during the 1st quarter valued at $1,148,000. Credit Agricole S A lifted its holdings in shares of Lennar by 6.8% during the 1st quarter. Credit Agricole S A now owns 67,709 shares of the construction company's stock valued at $7,772,000 after acquiring an additional 4,307 shares in the last quarter. Berkshire Asset Management LLC PA acquired a new position in shares of Lennar during the 1st quarter valued at $33,394,000. Finally, Texas Capital Bank Wealth Management Services Inc lifted its holdings in shares of Lennar by 77.7% during the 1st quarter. Texas Capital Bank Wealth Management Services Inc now owns 3,649 shares of the construction company's stock valued at $419,000 after acquiring an additional 1,596 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Performance

Shares of NYSE LEN traded up $6.6960 during trading on Friday, reaching $135.8360. The stock had a trading volume of 3,924,756 shares, compared to its average volume of 3,064,843. Lennar Corporation has a one year low of $98.42 and a one year high of $193.80. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65. The stock has a market cap of $35.18 billion, a PE ratio of 11.24, a P/E/G ratio of 5.76 and a beta of 1.29. The firm's 50 day moving average price is $116.07 and its two-hundred day moving average price is $114.08.

Lennar (NYSE:LEN - Get Free Report) last issued its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing analysts' consensus estimates of $1.94 by ($0.04). Lennar had a net margin of 9.20% and a return on equity of 12.73%. The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.21 billion. During the same quarter last year, the firm posted $3.45 earnings per share. Lennar's revenue was down 4.4% compared to the same quarter last year. On average, research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Thursday, July 3rd. Lennar's dividend payout ratio is presently 16.54%.

Analysts Set New Price Targets

LEN has been the topic of several recent research reports. JMP Securities reduced 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. Royal Bank Of Canada decreased their target price on shares of Lennar from $122.00 to $98.00 and set a "sector perform" rating for the company in a research note on Wednesday, June 18th. Bank of America decreased their target price on shares of Lennar from $110.00 to $105.00 and set a "neutral" rating for the company in a research note on Wednesday, June 18th. UBS Group decreased their target price on shares of Lennar from $164.00 to $146.00 and set a "buy" rating for the company in a research note on Wednesday, June 18th. Finally, Wedbush restated a "neutral" rating and issued a $130.00 target price on shares of Lennar in a research note on Wednesday, June 18th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and fourteen have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $128.85.

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.