Shares of Lennar Corporation (NYSE:LEN.B - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $111.16 and traded as low as $110.71. Lennar shares last traded at $114.58, with a volume of 54,997 shares traded.
Lennar Stock Up 3.2%
The company has a market capitalization of $29.22 billion, a PE ratio of 11.32 and a beta of 1.28. The business's 50 day simple moving average is $123.39 and its 200 day simple moving average is $111.16. The company has a debt-to-equity ratio of 0.15, a current ratio of 4.49 and a quick ratio of 0.68.
Lennar (NYSE:LEN.B - Get Free Report) last announced its quarterly earnings results on Thursday, September 18th. The construction company reported $2.00 earnings per share for the quarter. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The business had revenue of $8.81 billion during the quarter.
Lennar Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Friday, October 10th will be given a dividend of $0.50 per share. The ex-dividend date is Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.7%. Lennar's dividend payout ratio (DPR) is currently 16.54%.
About Lennar
(
Get Free Report)
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.
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