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

Lennar Corporation (NYSE:LEN.B - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $111.50 and traded as low as $104.04. Lennar shares last traded at $104.97, with a volume of 21,202 shares traded.

Lennar Stock Down 0.0%

The firm's fifty day moving average is $104.80 and its 200-day moving average is $111.32. The stock has a market capitalization of $27.17 billion, a PE ratio of 8.68 and a beta of 1.27. The company has a quick ratio of 0.49, a current ratio of 3.65 and a debt-to-equity ratio of 0.12.

Lennar (NYSE:LEN.B - Get Free Report) last released its quarterly earnings data on Monday, June 16th. The construction company reported $1.90 earnings per share for the quarter, missing the consensus estimate of $1.96 by ($0.06). The firm had revenue of $8.38 billion during the quarter. Lennar had a net margin of 9.20% and a return on equity of 12.73%. During the same period in the prior year, the firm earned $3.38 earnings per share.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 18th. Shareholders of record on Thursday, July 3rd were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. The ex-dividend date of this dividend was Thursday, July 3rd. Lennar's dividend payout ratio is presently 16.54%.

Lennar Company Profile

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.