Lennar Corporation (NYSE:LEN) Given Average Rating of "Hold" by Analysts

Key Points

• Lennar Corporation has received an average rating of "Hold" from 17 analysts, with 14 holding, 2 buying, and 1 strongly buying the stock.
• The company recently reported a quarterly EPS of $1.90, missing estimates by $0.04, while revenue for the quarter was $8.38 billion, exceeding analyst predictions.
• Lennar declared a quarterly dividend of $0.50 per share, contributing to an annualized dividend yield of 1.5%.

Lennar Corporation (NYSE:LEN - Get Free Report) has been given an average rating of "Hold" by the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Fourteen research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $128.8462.

A number of equities research analysts have commented on the company. Bank of America reduced their price target on Lennar from $110.00 to $105.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 18th. Wall Street Zen lowered Lennar from a "hold" rating to a "sell" rating in a research report on Saturday, June 21st. Royal Bank Of Canada cut their target price on Lennar from $122.00 to $98.00 and set a "sector perform" rating on the stock in a research report on Wednesday, June 18th. Evercore ISI cut their target price on Lennar from $131.00 to $114.00 and set an "in-line" rating on the stock in a research report on Wednesday, June 18th. Finally, Zelman & Associates lowered Lennar from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, June 18th.

Lennar Price Performance

Lennar stock opened at $135.8360 on Monday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.49 and a current ratio of 3.65. Lennar has a 52 week low of $98.42 and a 52 week high of $193.80. The stock has a market capitalization of $35.18 billion, a P/E ratio of 11.24, a price-to-earnings-growth ratio of 5.76 and a beta of 1.29. The stock has a fifty day moving average of $116.07 and a 200-day moving average of $114.08.

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

Lennar Announces Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lazard Asset Management LLC raised its stake in shares of Lennar by 7.1% in the second quarter. Lazard Asset Management LLC now owns 1,278 shares of the construction company's stock worth $141,000 after purchasing an additional 85 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of Lennar by 1.2% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company's stock worth $886,000 after purchasing an additional 89 shares during the last quarter. NorthRock Partners LLC raised its stake in shares of Lennar by 1.4% in the first quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company's stock worth $747,000 after purchasing an additional 93 shares during the last quarter. Valeo Financial Advisors LLC raised its stake in shares of Lennar by 1.1% in the first quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company's stock worth $1,015,000 after purchasing an additional 95 shares during the last quarter. Finally, EP Wealth Advisors LLC increased its position in shares of Lennar by 2.3% during the first quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company's stock valued at $549,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 81.10% of the company's stock.

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.

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