Lennar Company Profile (NYSE:LEN)

About Lennar

Lennar logoLennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily. It is a developer of multifamily rental properties. Its 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. It operates primarily under the Lennar brand name. The Lennar Financial Services segment includes mortgage financing, title insurance and closing services for both buyers of its homes and others. The Rialto segment is a real estate, investment management, and finance company. The Lennar Multifamily segment focuses on developing a portfolio of institutional multifamily rental properties in the United States markets.

Industry, Sector and Symbol:
  • Sector: Construction
  • Industry: Residential Construction
  • Sub-Industry: Homebuilding
  • Exchange: NYSE
  • Symbol: LEN
  • CUSIP: 52605710
Key Metrics:
  • Previous Close: $48.37
  • 50 Day Moving Average: $45.37
  • 200 Day Moving Average: $44.10
  • 52-Week Range: $39.68 - $49.60
  • Trailing P/E Ratio: 12.30
  • Foreward P/E Ratio: 10.89
  • P/E Growth: 1.38
  • Market Cap: $11.34B
  • Outstanding Shares: 234,493,000
  • Beta: 1.27
Profitability:
  • Net Margins: 8.33%
  • Return on Equity: 13.80%
  • Return on Assets: 6.14%
Debt:
  • Debt-to-Equity Ratio: 0.63%
  • Current Ratio: 8.93%
  • Quick Ratio: 1.35%
Additional Links:
Companies Related to Lennar:

Analyst Ratings

Consensus Ratings for Lennar (NYSE:LEN) (?)
Ratings Breakdown: 7 Hold Ratings, 12 Buy Ratings, 1 Strong Buy Rating
Consensus Rating:Buy (Score: 2.70)
Consensus Price Target: $53.44 (10.49% upside)

Analysts' Ratings History for Lennar (NYSE:LEN)
Show:
DateFirmActionRatingPrice TargetDetails
2/14/2017Citigroup Inc.Initiated CoverageNeutral$52.00View Rating Details
2/7/2017BTIG ResearchInitiated CoverageBuy$56.00View Rating Details
1/5/2017Barclays PLCInitiated CoverageOverweight$50.00View Rating Details
12/23/2016MKM PartnersReiterated RatingNeutralView Rating Details
12/13/2016Evercore ISIReiterated RatingBuy$55.00View Rating Details
10/31/2016Raymond James Financial, Inc.UpgradeOutperform -> Strong-BuyView Rating Details
10/21/2016ArgusReiterated RatingBuy$55.00View Rating Details
10/17/2016Buckingham ResearchUpgradeNeutral -> Buy$53.00View Rating Details
9/28/2016Wells Fargo & CoInitiated CoverageMarket PerformView Rating Details
9/20/2016Bank of America CorpSet Price TargetBuy$52.00View Rating Details
9/21/2016FBR & CoReiterated RatingOutperform$60.00View Rating Details
9/21/2016Keefe, Bruyette & WoodsLower Price TargetOutperform$57.00 -> $55.00View Rating Details
9/21/2016RBC Capital MarketsReiterated RatingBuy$64.00 -> $55.00View Rating Details
9/21/2016Royal Bank of CanadaLower Price TargetOutperform$64.00 -> $55.00View Rating Details
9/19/2016WedbushInitiated CoverageNeutral$46.00View Rating Details
6/28/2016Credit Suisse GroupReiterated RatingHoldView Rating Details
3/31/2016Susquehanna Bancshares IncReiterated RatingBuyView Rating Details
3/28/2016Deutsche Bank AGBoost Price TargetHold$48.00 -> $49.00View Rating Details
3/28/2016Compass PointReiterated RatingBuy$60.00View Rating Details
3/14/2016J P Morgan Chase & CoInitiated CoverageNeutral$54.00View Rating Details
1/19/2016Sterne Agee CRTUpgradeNeutral -> Buy$40.91 -> $52.00View Rating Details
10/14/2015Morgan StanleyReiterated RatingBuy$55.00 -> $61.00View Rating Details
6/25/2015S&P Equity ResearchReiterated RatingHold$56.00View Rating Details
(Data available from 2/27/2015 forward)

Earnings

Earnings History for Lennar (NYSE:LEN)
DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
3/27/2017        
12/19/2016Q416$1.28$1.34$3.38 millionViewN/AView Earnings Details
9/20/2016Q316$0.89$1.01$2.83 billionViewListenView Earnings Details
6/21/2016Q216$0.87$0.95$2.75 millionViewListenView Earnings Details
3/29/2016Q116$0.52$0.63$1.86 billion$1.79 billionViewListenView Earnings Details
12/18/2015Q415$1.12$1.21$2.95 billionViewListenView Earnings Details
9/21/2015Q315$0.79$0.96$2.49 millionViewListenView Earnings Details
6/24/2015Q215$0.64$0.79$2.39 billionViewListenView Earnings Details
3/19/2015Q115$0.45$0.50$1.50 billion$1.64 billionViewN/AView Earnings Details
1/15/2015Q414$0.96$1.07$2.59 billion$2.60 billionViewN/AView Earnings Details
9/17/2014Q314$0.67$0.78$2.01 billionViewN/AView Earnings Details
6/26/2014Q214$0.51$0.61$1.68 billion$1.82 billionViewN/AView Earnings Details
3/20/2014Q114$0.28$0.35$1.28 billion$1.40 billionViewN/AView Earnings Details
12/18/2013Q4$0.62$0.73$1.88 billion$1.92 billionViewListenView Earnings Details
9/24/2013Q313$0.45$0.54$1.56 billion$1.60 billionViewN/AView Earnings Details
6/25/2013Q2 2013$0.33$0.61$1.33 billion$1.40 billionViewListenView Earnings Details
3/20/2013Q1 2013$0.16$0.26$897.99 million$989.90 millionViewListenView Earnings Details
1/15/2013Q4 2012$0.43$0.56$1.32 billion$135.00 billionViewListenView Earnings Details
9/24/2012Q312$0.28$0.40$1.05 billion$1.10 billionViewN/AView Earnings Details
6/27/2012$0.17$0.21ViewN/AView Earnings Details
3/27/2012$0.05$0.08ViewN/AView Earnings Details
1/11/2012$0.17$0.16ViewN/AView Earnings Details
9/19/2011$0.11$0.11ViewN/AView Earnings Details
6/23/2011$0.05$0.07ViewN/AView Earnings Details
3/29/2011($0.05)$0.14ViewN/AView Earnings Details
1/11/2011$0.03$0.17ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Lennar (NYSE:LEN)
Current Year EPS Consensus Estimate: $3.82 EPS
Next Year EPS Consensus Estimate: $4.44 EPS
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20161$0.51$0.51$0.51
Q2 20162$0.81$0.92$0.87
Q3 20163$0.87$0.90$0.88
Q4 20163$1.25$1.31$1.29
Q1 20173$0.54$0.67$0.59
Q2 20173$0.90$0.97$0.93
Q3 20173$1.10$1.21$1.14
Q4 20173$1.44$1.49$1.46
Q1 20181$0.61$0.61$0.61
Q2 20181$0.92$0.92$0.92
Q3 20181$1.27$1.27$1.27
Q4 20181$1.36$1.36$1.36
(Data provided by Zacks Investment Research)

Dividends

Current Dividend Information for Lennar (NYSE:LEN)
Annual Dividend:$0.16
Dividend Yield:0.33%
Dividend Growth:0.00% (3 Year Average)
Payout Ratio:4.07% (Based on Trailing 12 Months of Earnings)
4.19% (Based on Current Year Consensus EPS Estimate)
3.60% (Based on Next Year Consensus EPS Estimate)

Dividend History for Lennar (NYSE:LEN)
AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
1/13/2017quarterly$0.040.36%1/25/20171/27/20172/10/2017
9/22/2016Quarterly$0.0410/3/201610/5/201610/20/2016
6/24/2016quarterly$0.040.36%7/6/20167/8/20167/22/2016
4/14/2016quarterly$0.040.33%4/25/20164/27/20165/11/2016
1/14/2016quarterly$0.040.39%1/26/20161/28/20162/11/2016
10/8/2015quarterly$0.040.31%10/20/201510/22/201511/5/2015
6/24/2015quarterly$0.040.31%7/6/20157/8/20157/22/2015
4/9/2015quarterly$0.040.32%4/20/20154/22/20155/6/2015
1/15/2015quarterly$0.040.38%1/27/20151/29/20152/12/2015
10/3/2014quarterly$0.040.4%10/15/201410/17/201410/31/2014
6/25/2014quarterly$0.040.39%7/8/20147/10/20147/24/2014
4/9/2014quarterly$0.040.41%4/21/20144/23/20145/7/2014
1/16/2014quarterly$0.040.42%1/28/20141/30/20142/13/2014
10/4/2013quarterly$0.040.46%10/16/201310/18/201311/1/2013
6/27/2013quarterly$0.040.43%7/8/20137/10/20137/24/2013
4/10/2013quarterly$0.040.41%4/22/20134/24/20135/8/2013
1/17/2013quarterly$0.040.38%1/30/20132/1/20132/15/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading History for Lennar (NYSE:LEN)
Insider Ownership Percentage: 12.18%
Institutional Ownership Percentage: 79.04%
Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/3/2016Jonathan M. JaffeCOOSell20,000$42.01$840,200.00View SEC Filing  
3/23/2015Irving BolotinDirectorSell1,300$50.65$65,845.00View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Lennar (NYSE:LEN)
DateHeadline
mysmartrend.com logoLennar Set to Possibly Pullback After Yesterday's Rally of 1.94% (NYSE:LEN)
www.mysmartrend.com - February 27 at 6:20 PM
finance.yahoo.com logoZacks Industry Outlook Highlights: Lennar, D.R. Horton, Toll Brothers, KB Home and Beazer Homes USA (NYSE:LEN)
finance.yahoo.com - February 27 at 6:20 PM
News IconNew golf course fits Lakewood Ranch to a tee (NYSE:LEN)
www.yourobserver.com - February 25 at 10:58 PM
seekingalpha.com logo5 Undervalued Large-Cap Stocks For Value Investors - February 2017 (NYSE:LEN)
seekingalpha.com - February 25 at 12:35 AM
News IconChinese investor makes $655 million bet on D-FW's home market (NYSE:LEN)
www.dallasnews.com - February 24 at 7:30 PM
News IconMirada is Lennar Southwest Florida’s first solar community (NYSE:LEN)
theopendoor.lennar.com - February 24 at 7:30 PM
finance.yahoo.com logoHousing to Recover on Supply-Demand Balance (NYSE:LEN)
finance.yahoo.com - February 24 at 7:29 PM
News IconLennar building multi-generational homes in South Hillsborough community (NYSE:LEN)
patch.com - February 23 at 11:16 PM
News IconWashington Prime Group Unveils Scottsdale Quarter Expansion (NYSE:LEN)
www.cpexecutive.com - February 23 at 6:16 PM
bizjournals.com logoLennar looks to develop Buckhead apartments on Roswell Road (NYSE:LEN)
www.bizjournals.com - February 23 at 6:16 PM
News IconLennar’s VIP Program is a revolutionary way to buy a new home (NYSE:LEN)
theopendoor.lennar.com - February 23 at 6:16 PM
News IconToll Brothers leads Fortune list of most-admired builders (NYSE:LEN)
www.constructiondive.com - February 22 at 12:17 PM
finance.yahoo.com logoTrump could worsen a big problem in the housing market (NYSE:LEN)
finance.yahoo.com - February 22 at 12:17 PM
News IconNew Lennar project in Parkland begins home sales (NYSE:LEN)
www.sun-sentinel.com - February 19 at 10:06 AM
News IconSave the date for Lennar’s The Grove grand opening later this month (NYSE:LEN)
theopendoor.lennar.com - February 19 at 10:06 AM
News IconPark district offers to buy Lennar’s Boca golf course (NYSE:LEN)
therealdeal.com - February 18 at 5:33 PM
bizjournals.com logoNew deal to restart 1,100-home community at the Raleigh, Durham border (NYSE:LEN)
www.bizjournals.com - February 17 at 4:26 PM
News IconLennar Atlanta Hosts Designer Model Grand Opening at Grand Reserve in Roswell on February 25 (NYSE:LEN)
patch.com - February 17 at 4:26 PM
News IconToday's Brokerage Rating: The New York Times Company (NYT), Lennar Corporation (LEN) - StockNewsJournal (NYSE:LEN)
stocknewsjournal.com - February 15 at 9:19 PM
News IconLennar Corporation (LEN) stock starts with “Neutral” rating in note to investors by Citigroup Inc. - The Ledger Gazette (NYSE:LEN)
ledgergazette.com - February 15 at 9:19 PM
News IconAnalyst's Indicator Review for Discovery Communications, Inc. (DISCK), Lennar Corporation (LEN) - The USA Commerce (NYSE:LEN)
www.theusacommerce.com - February 15 at 9:19 PM
News IconHow Does Lennar Corporation (LEN) Stack Up Right Now? - StockNewsJournal (NYSE:LEN)
stocknewsjournal.com - February 15 at 9:19 PM
News IconBuy or Sell? What Analysts Recommends: International Business Machines Corporation (IBM), Lennar Corporation (LEN) - StockNewsJournal (NYSE:LEN)
stocknewsjournal.com - February 13 at 7:22 PM
News IconLarge Outflow of Money Witnessed in Lennar Corporation - Highland Mirror (NYSE:LEN)
www.highlandmirror.com - February 13 at 7:22 PM
bizjournals.com logoLennar buys development site near proposed American Dream mega mall (NYSE:LEN)
www.bizjournals.com - February 13 at 10:41 AM
News IconWith An ROE OF 13.9% In The Past Year, Can Lennar Corporation (LEN) Catch Up To Its Industry? (NYSE:LEN)
simplywall.st - February 12 at 11:09 PM
bizjournals.com logoSouth Florida's largest homebuilder completes $643M buy (NYSE:LEN)
www.bizjournals.com - February 11 at 5:04 AM
News IconLennar completes acquisition of WCI (NYSE:LEN)
www.naplesnews.com - February 10 at 7:03 PM
News IconLennar completes $643M acquisition of WCI Communities (NYSE:LEN)
therealdeal.com - February 10 at 7:03 PM
bizjournals.com logoHeavy hitters at UM real estate conference; new concept for CocoWalk revealed (NYSE:LEN)
www.bizjournals.com - February 10 at 7:03 PM
finance.yahoo.com logoLennar Completes Acquisition of WCI Communities (NYSE:LEN)
finance.yahoo.com - February 10 at 7:03 PM
finance.yahoo.com logo9:48 am Lennar completes acquisition of WCI Communities (WCIC (NYSE:LEN)
finance.yahoo.com - February 10 at 7:03 PM
biz.yahoo.com logoLENNAR CORP /NEW/ Files SEC form 8-K, Other Events (NYSE:LEN)
biz.yahoo.com - February 10 at 7:03 PM
seekingalpha.com logoIgnore The Signals From Wood At Your Own Peril (NYSE:LEN)
seekingalpha.com - February 10 at 12:14 AM
News IconDrilling Down Into the Charts for Lennar Corporation (LEN) - The USA Commerce (NYSE:LEN)
theusacommerce.com - February 9 at 7:14 PM
News IconBuy or Sell? Average Brokerage Ratings on Lennar Corporation (LEN), Spirit Airlines, Inc. (SAVE) - StockNewsJournal (NYSE:LEN)
stocknewsjournal.com - February 9 at 7:14 PM
News IconEquity Perception: Analyst's Indicator Review for Lennar Corporation (LEN), Mentor Graphics Corporation (MENT) - The USA Commerce (NYSE:LEN)
www.theusacommerce.com - February 9 at 7:14 PM
News IconDigging Up the Facts on Lennar Corporation (LEN) - StockNewsJournal (NYSE:LEN)
stocknewsjournal.com - February 9 at 7:14 PM
finance.yahoo.com logoLouisiana-Pacific (LPX) Beats on Earnings & Revenues in Q4 (NYSE:LEN)
finance.yahoo.com - February 9 at 7:14 PM
News IconThe Technical Facts on Lennar Corporation (LEN) - The USA Commerce (NYSE:LEN)
www.theusacommerce.com - February 8 at 7:03 PM
News IconThe Technical Indicator: Bull trend intact, S&P 500’s February breakout attempt underway (NYSE:LEN)
www.biggiesboxers.com - February 8 at 12:36 AM
nasdaq.com logoGreenbrier Partners Capital Management, LLC Buys Amazon.com, Sells Nike, Lennar (NYSE:LEN)
www.nasdaq.com - February 7 at 7:34 PM
News IconLennar Atlanta Unveils Five New Ranch Plans (NYSE:LEN)
patch.com - February 4 at 12:01 AM
News IconCapital Growth Management LP Holding in Lennar Corp (LEN) Has Decreased as Stock Value Declined (NYSE:LEN)
randolphguide.com - February 3 at 6:57 PM
News IconChecking Out the Technicals for Lennar Corporation (LEN) - The USA Commerce (NYSE:LEN)
theusacommerce.com - February 3 at 5:02 AM
News IconFall in Love with a Lennar Atlanta Home (NYSE:LEN)
patch.com - February 3 at 12:01 AM
bizjournals.com logoLong-vacant East Bay factory redevelopment nears approval (NYSE:LEN)
www.bizjournals.com - February 2 at 7:01 PM
finance.yahoo.com logoThis financial play is the perfect Trump stock: Bill Mill... (NYSE:LEN)
finance.yahoo.com - February 2 at 7:01 PM
capitalcube.com logoETFs with exposure to Lennar Corp. : February 2, 2017 (NYSE:LEN)
www.capitalcube.com - February 2 at 7:01 PM
News IconAnalyst EPS Estimates Scan: Lennar Corporation (NYSE:LEN) (NYSE:LEN)
perspectivabetica.com - February 2 at 12:05 AM

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What is Lennar's stock symbol?

Lennar trades on the New York Stock Exchange (NYSE) under the ticker symbol "LEN."

How often does Lennar pay dividends? What is the dividend yield for Lennar?

Lennar announced a quarterly dividend on Friday, January 13th. Investors of record on Friday, January 27th will be paid a dividend of $0.04 per share on Friday, February 10th. This represents a $0.16 annualized dividend and a yield of 0.33%. The ex-dividend date of this dividend is Wednesday, January 25th.

Where is Lennar's stock going? Where will Lennar's stock price be in 2017?

20 brokers have issued twelve-month target prices for Lennar's shares. Their forecasts range from $46.00 to $60.00. On average, they anticipate Lennar's share price to reach $53.44 in the next twelve months.

When will Lennar announce their earnings?

Lennar is scheduled to release their next quarterly earnings announcement on Monday, March, 27th 2017.

What are analysts saying about Lennar stock?

Here are some recent quotes from research analysts about Lennar stock:

  • BTIG Research analysts commented, "LEN combines a production homebuilding model with notable land development expertise, and significant local market share positions to boot. At present ROE is hampered by non-core assets. We see opportunity for LEN to spin-off/sell them near-term. Further, we believe homebuilding SG&A has room to fall. LEN could unlock a homebuilding operation with 16%+ ROE, 200+ bps higher than today." (2/7/2017)
  • According to Zacks Investment Research, "After the outstanding fiscal 2015 results, Lennar posted strong numbers in 2016 as well. The company beat the Zacks Consensus Estimate for both earnings and sales in all the four quarters. The company is one of the best positioned homebuilders to capitalize on the housing recovery, driven by diverse revenue mix, steady top-line performance, above-average order growth and improving SG&A leverage. Moreover, its ancillary platforms - Rialto, Multi-Family, FivePoint and Financial Services - are evolving and should improve further. Also, Lennar’s shares have outperformed the broader market in the last three months. With the housing sector and the overall U.S. macro environment looking good, Lennar is well positioned for continued strong performance in 2017." (1/17/2017)

  • Argus analysts commented, "Although sales of new homes are on track to grow for the fifth straight year in 2016, we believe that the market is still in the middle stages of its upcycle given the severity of the preceding downturn," analyst Stephen Biggar wrote in a note. Biggar expects the mortgage rates not to peak until new home sales reach at least 700,000 units, well above the 502,000 new homes sold in 2015. "We think that LEN's strong geographic presence, and its focused and creative marketing effort, will allow it to post some of the best results in its industry," the analyst highlighted.Related Link: Lennar Relinquishes Gains After Q2 BeatBiggar set a FY16 EPS forecast of $4.00, up 15.6 percent from $3.46 in FY15, and sees further 13.8 percent rise in FY17 EPS to $4.55. The analyst noted that over the past five years, as the U.S. housing market has recovered from recession, Lennar has delivered compound annual revenue growth of 25.2 percent, net income growth of 35.1 percent and EPS growth of 40.6 percent. Biggar set a 13 percent five-year EPS growth outlook for Lennar.On the valuation front, the analyst said that LEN shares are undervalued at 10.2-times his FY17 EPS estimate, "a multiple more typical of the cycle peak, when earnings are at their highest." (7/5/2016)

Who owns Lennar stock?

Lennar's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Eminence Capital, LP (5.20%), TCW Group Inc. (1.59%), FMR LLC (1.44%), Stelliam Investment Management LP (0.86%), Ruffer LLP (0.71%) and Russell Investments Group Ltd. (0.64%). Company insiders that own Lennar stock include Irving Bolotin and Jonathan M Jaffe.

Who sold Lennar stock? Who is selling Lennar stock?

Lennar's stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Loomis Sayles & Co. L P, Thrivent Financial for Lutherans, I.G. Investment Management LTD., Kingdon Capital Management L.L.C., Clough Capital Partners L P, Wesbanco Bank Inc. and PARUS FINANCE UK Ltd.

Who bought Lennar stock? Who is buying Lennar stock?

Lennar's stock was acquired by a variety of institutional investors in the last quarter, including Ruffer LLP, Russell Investments Group Ltd., Allianz Asset Management AG, Assenagon Asset Management S.A., ING Groep NV, Asset Management One Co. Ltd., Stelliam Investment Management LP and TCW Group Inc..

How do I buy Lennar stock?

Shares of Lennar can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

How much does a share of Lennar stock cost?

One share of Lennar stock can currently be purchased for approximately $48.37.

Lennar (NYSE:LEN) Chart for Monday, February, 27, 2017


Institutional Ownership Chart

Institutional Ownership by Quarter for Lennar (NYSE:LEN)

Earnings History Chart

Earnings by Quarter for Lennar (NYSE:LEN)

Dividend History Chart

Dividend Payments by Quarter for Lennar (NYSE:LEN)

Last Updated on 2/27/2017 by MarketBeat.com Staff