Lennar 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
- 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
- Net Margins: 8.33%
- Return on Equity: 13.80%
- Return on Assets: 6.14%
Companies Related to Lennar:
- Debt-to-Equity Ratio: 0.63%
- Current Ratio: 8.93%
- Quick Ratio: 1.35%
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.