Lennar Corporation (NYSE:LEN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Lennar Corporation (NYSE:LEN) have been given a consensus recommendation of “Hold” by the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Fourteen analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $128.85.

LEN has been the subject of a number of recent analyst reports. Royal Bank Of Canada cut their target price on Lennar from $122.00 to $98.00 and set a “sector perform” rating for the company in a research report on Wednesday, June 18th. UBS Group lowered their price objective on Lennar from $164.00 to $146.00 and set a “buy” rating for the company in a research note on Wednesday, June 18th. Bank of America decreased their price target on Lennar from $110.00 to $105.00 and set a “neutral” rating for the company in a research note on Wednesday, June 18th. JMP Securities decreased their price target on Lennar from $150.00 to $130.00 and set a “market outperform” rating for the company in a report on Friday, June 20th. Finally, Wedbush restated a “neutral” rating and issued a $130.00 price target on shares of Lennar in a report on Wednesday, June 18th.

Lennar Price Performance

Shares of NYSE LEN opened at $112.49 on Thursday. 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 business’s 50 day moving average price is $110.28 and its two-hundred day moving average price is $115.40. Lennar has a twelve month low of $98.42 and a twelve month high of $193.80. The company has a market cap of $29.14 billion, a PE ratio of 9.30, a price-to-earnings-growth ratio of 4.92 and a beta of 1.33.

Lennar (NYSE:LEN) last released its quarterly earnings results on Monday, June 16th. The construction company reported $1.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.94 by ($0.04). The firm had revenue of $8.38 billion during the quarter, compared to the consensus estimate of $8.21 billion. Lennar had a net margin of 9.20% and a return on equity of 12.73%. The business’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $3.45 earnings per share. On average, analysts predict that Lennar will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 18th. Stockholders of record on Thursday, July 3rd were given a dividend of $0.50 per share. The ex-dividend date was Thursday, July 3rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. Lennar’s dividend payout ratio is presently 16.54%.

Institutional Trading of Lennar

Hedge funds and other institutional investors have recently modified their holdings of the business. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Lennar by 1.2% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 7,719 shares of the construction company’s stock worth $886,000 after purchasing an additional 89 shares in the last quarter. NorthRock Partners LLC raised its position in shares of Lennar by 1.4% in the 1st quarter. NorthRock Partners LLC now owns 6,509 shares of the construction company’s stock worth $747,000 after acquiring an additional 93 shares in the last quarter. Valeo Financial Advisors LLC grew its position in shares of Lennar by 1.1% in the 1st quarter. Valeo Financial Advisors LLC now owns 8,841 shares of the construction company’s stock worth $1,015,000 after buying an additional 95 shares during the period. Unison Advisors LLC lifted its holdings in shares of Lennar by 0.3% during the fourth quarter. Unison Advisors LLC now owns 37,040 shares of the construction company’s stock valued at $5,051,000 after purchasing an additional 100 shares during the last quarter. Finally, EP Wealth Advisors LLC grew its stake in shares of Lennar by 2.3% in the first quarter. EP Wealth Advisors LLC now owns 4,782 shares of the construction company’s stock worth $549,000 after acquiring an additional 107 shares during the last quarter. Institutional investors own 81.10% of the company’s stock.

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; and development, construction, and management of multifamily rental properties.