Universal Beteiligungs und Servicegesellschaft mbH Has $8.98 Million Stake in Lennar Corporation $LEN

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH cut its stake in Lennar by 21.6% in Q4, selling 23,661 shares and now holding 85,977 shares valued at about $8.98 million.
• Analyst sentiment has turned negative—MarketBeat shows a consensus rating of "Reduce" with a $99.87 price target after several firms lowered targets and issued sell/underperform calls.
• Lennar recently missed quarterly estimates (EPS $0.88 vs. $0.95 expected) with revenue down 13.3% year-over-year, and the company declared a quarterly dividend of $0.50 per share (annualized $2.00, ~2.1% yield).

Universal Beteiligungs und Servicegesellschaft mbH reduced its stake in Lennar Corporation (NYSE:LEN - Free Report) by 21.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,977 shares of the construction company's stock after selling 23,661 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH's holdings in Lennar were worth $8,977,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in LEN. Guerra Advisors Inc acquired a new position in shares of Lennar during the third quarter worth about $25,000. Redmont Wealth Advisors LLC acquired a new stake in Lennar in the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp bought a new stake in Lennar in the 3rd quarter valued at approximately $25,000. Washington Trust Advisors Inc. lifted its stake in Lennar by 102.7% in the 3rd quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company's stock valued at $47,000 after acquiring an additional 188 shares in the last quarter. Finally, Harbor Investment Advisory LLC boosted its position in Lennar by 39.7% during the 3rd quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company's stock worth $51,000 after acquiring an additional 115 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on LEN. Keefe, Bruyette & Woods lowered their price objective on shares of Lennar from $105.00 to $97.00 and set a "market perform" rating on the stock in a report on Wednesday, April 1st. Seaport Research Partners reaffirmed a "sell" rating and issued a $74.00 target price (down from $140.00) on shares of Lennar in a research report on Tuesday, April 7th. Evercore cut their price target on shares of Lennar from $89.00 to $82.00 and set an "underperform" rating on the stock in a research report on Monday, April 13th. Royal Bank Of Canada set a $88.00 price objective on Lennar in a report on Friday, January 9th. Finally, Citizens Jmp reaffirmed a "market perform" rating on shares of Lennar in a research report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and eight have given a Sell rating to the stock. According to data from MarketBeat, Lennar currently has a consensus rating of "Reduce" and a consensus price target of $99.87.

Lennar Price Performance

Shares of LEN opened at $93.99 on Monday. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. The company's fifty day simple moving average is $98.04 and its 200 day simple moving average is $111.01. Lennar Corporation has a 1-year low of $83.03 and a 1-year high of $144.24. The company has a market cap of $23.21 billion, a price-to-earnings ratio of 13.50, a PEG ratio of 2.07 and a beta of 1.47.

Lennar (NYSE:LEN - Get Free Report) last announced 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 the consensus estimate of $6.90 billion. Lennar had a net margin of 5.39% and a return on equity of 7.80%. The business's revenue was down 13.3% on a year-over-year basis. During the same period last year, the business earned $2.14 EPS. On average, research analysts forecast that Lennar Corporation will post 5.91 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Investors of record on Wednesday, April 22nd will be issued a dividend of $0.50 per share. The ex-dividend date is Wednesday, April 22nd. This represents a $2.00 dividend on an annualized basis and a yield of 2.1%. Lennar's dividend payout ratio (DPR) is presently 28.74%.

Lennar 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.

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