Lennar (NYSE:LEN.B) Stock Crosses Below 200 Day Moving Average - What's Next?

Lennar Corporation (NYSE:LEN.B - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $112.63 and traded as low as $104.96. Lennar shares last traded at $110.50, with a volume of 37,998 shares changing hands.

Lennar Stock Performance

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 company has a market cap of $28.76 billion, a PE ratio of 9.02 and a beta of 1.27. The stock's 50 day simple moving average is $104.61 and its two-hundred day simple moving average is $112.00.

Lennar (NYSE:LEN.B - Get Free Report) last posted 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 $1.96 by ($0.06). Lennar had a return on equity of 12.73% and a net margin of 9.20%. The company had revenue of $8.38 billion for the quarter. During the same quarter in the prior year, the company posted $3.38 earnings per share.

Lennar Announces Dividend

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