Brokerages Set Lennar Corporation (NYSE:LEN) PT at $128.85

Lennar Corporation (NYSE:LEN - Get Free Report) has received an average rating of "Hold" from the seventeen ratings firms that are covering the stock, MarketBeat 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 1-year price objective among brokerages that have issued a report on the stock in the last year is $128.85.

LEN has been the topic of a number of research analyst reports. 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 research report on Wednesday, April 9th. Barclays cut their price target 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. Wedbush reiterated a "neutral" rating and set a $130.00 price target on shares of Lennar in a report on Wednesday, June 18th. The Goldman Sachs Group cut their price target on shares of Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a report on Tuesday, March 25th. Finally, Evercore ISI cut their price target on shares of Lennar from $131.00 to $114.00 and set an "in-line" rating on the stock in a report on Wednesday, June 18th.

Lennar Stock Performance

Shares of LEN stock traded down $0.84 on Friday, reaching $109.28. The stock had a trading volume of 2,828,529 shares, compared to its average volume of 2,715,547. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12. The firm's 50-day moving average is $108.89 and its two-hundred day moving average is $117.97. The firm has a market capitalization of $28.83 billion, a price-to-earnings ratio of 9.04, a P/E/G ratio of 4.54 and a beta of 1.33. Lennar has a 12 month low of $98.42 and a 12 month high of $187.61.

Lennar (NYSE:LEN - Get Free Report) last released its quarterly earnings results 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 company had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The firm's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.45 earnings per share. On average, research analysts expect that Lennar will post 12.48 EPS for the current fiscal year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Thursday, July 3rd. Lennar's dividend payout ratio is currently 16.54%.

Institutional Trading of Lennar

Several large investors have recently bought and sold shares of the stock. Hurley Capital LLC acquired a new position in shares of Lennar in the 4th quarter valued at $26,000. SBI Securities Co. Ltd. acquired a new position in shares of Lennar in the 4th quarter valued at $28,000. Ameriflex Group Inc. acquired a new position in shares of Lennar in the 4th quarter valued at $30,000. Opal Wealth Advisors LLC acquired a new position in Lennar during the first quarter worth $30,000. Finally, NBC Securities Inc. acquired a new position in Lennar during the first quarter worth $33,000. Hedge funds and other 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.