Lennar Corporation (NYSE:LEN – Get Free Report) has been given an average rating of “Reduce” by the eighteen brokerages that are covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $92.1333.
Several equities research analysts recently weighed in on the company. The Goldman Sachs Group reissued a “neutral” rating on shares of Lennar in a report on Friday, June 5th. Wells Fargo & Company cut their target price on shares of Lennar from $90.00 to $85.00 and set an “equal weight” rating for the company in a research report on Monday, June 15th. Bank of America lowered their price target on shares of Lennar from $84.00 to $77.00 and set an “underperform” rating on the stock in a research report on Friday, June 12th. Barclays dropped their price target on shares of Lennar from $80.00 to $79.00 and set an “underweight” rating on the stock in a research note on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Lennar in a report on Thursday, June 11th.
View Our Latest Stock Report on LEN
Institutional Trading of Lennar
Lennar Trading Down 0.1%
NYSE:LEN opened at $86.77 on Monday. Lennar has a 12 month low of $79.82 and a 12 month high of $144.24. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19. The firm’s 50 day moving average is $87.11 and its 200 day moving average is $93.94. The stock has a market capitalization of $20.90 billion, a PE ratio of 13.58, a price-to-earnings-growth ratio of 2.88 and a beta of 1.39.
Lennar (NYSE:LEN – Get Free Report) last announced its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.07. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $8.08 billion. Lennar had a return on equity of 7.08% and a net margin of 4.93%.Lennar’s revenue was down 5.2% compared to the same quarter last year. During the same period in the prior year, the company earned $1.81 earnings per share. Sell-side analysts expect that Lennar will post 5.52 earnings per share for the current year.
Lennar Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Friday, July 10th. Lennar’s dividend payout ratio (DPR) is presently 31.30%.
About Lennar
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.
Featured Stories
- Five stocks we like better than Lennar
- The Metals Company’s Big Bet Now Comes Down to a License
- OneSpaWorld Keeps Turning Cruise Demand Into Record Earnings
- Meta and Tesla Are Rebounding From Oversold Levels—Now What?
- AMG’s Alternatives Boom Powers Record Growth
Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.
