Lennar Corporation $LEN Stock Position Reduced by Atria Investments Inc

Atria Investments Inc decreased its stake in Lennar Corporation (NYSE:LEN) by 3.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,805 shares of the construction company’s stock after selling 4,352 shares during the quarter. Atria Investments Inc’s holdings in Lennar were worth $13,966,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of LEN. Guerra Advisors Inc purchased a new position in Lennar in the third quarter valued at about $25,000. FNY Investment Advisers LLC acquired a new stake in shares of Lennar during the 2nd quarter valued at about $33,000. Rexford Capital Inc. bought a new stake in shares of Lennar in the 2nd quarter valued at approximately $36,000. Mid American Wealth Advisory Group Inc. bought a new position in Lennar during the second quarter valued at approximately $43,000. Finally, Cary Street Partners Financial LLC acquired a new stake in Lennar in the second quarter valued at approximately $47,000. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LEN has been the topic of several analyst reports. UBS Group lowered shares of Lennar from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $137.00 to $122.00 in a research note on Tuesday, January 6th. Zacks Research downgraded shares of Lennar from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 8th. Wall Street Zen downgraded Lennar from a “hold” rating to a “sell” rating in a research note on Monday, December 8th. Royal Bank Of Canada set a $88.00 price objective on Lennar in a research note on Friday, January 9th. Finally, Keefe, Bruyette & Woods reduced their target price on Lennar from $125.00 to $115.00 and set a “market perform” rating for the company in a report on Thursday, December 18th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, nine have issued a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, Lennar currently has an average rating of “Reduce” and an average price target of $106.38.

Lennar Price Performance

Shares of Lennar stock opened at $120.84 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. The company has a market cap of $29.85 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.76 and a beta of 1.44. The firm has a fifty day moving average price of $113.05 and a two-hundred day moving average price of $121.83. Lennar Corporation has a fifty-two week low of $98.42 and a fifty-two week high of $144.24.

Lennar (NYSE:LEN) last announced its quarterly earnings data on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.27). Lennar had a net margin of 6.08% and a return on equity of 9.27%. The company had revenue of $9.37 billion for the quarter, compared to analyst estimates of $9.17 billion. During the same period in the prior year, the company posted $4.03 EPS. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. Analysts expect that Lennar Corporation will post 12.48 EPS for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th will be given a $0.50 dividend. The ex-dividend date is Wednesday, February 4th. 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 25.03%.

Lennar Profile

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.