Lennar (NYSE:LEN.B) Shares Down 5.5% – Here’s What Happened

Lennar Corporation (NYSE:LEN.B) dropped 5.5% during trading on Thursday . The company traded as low as $105.23 and last traded at $104.1240. Approximately 2,834 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 56,991 shares. The stock had previously closed at $110.13.

Lennar Trading Down 3.0%

The company has a market capitalization of $26.26 billion, a PE ratio of 12.92 and a beta of 1.30. The stock has a fifty day moving average of $115.77 and a 200 day moving average of $115.52. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49.

Lennar (NYSE:LEN.B) last posted its earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter. Lennar had a return on equity of 9.21% and a net margin of 6.08%.The company had revenue of $9.37 billion for the quarter.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Friday, October 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.9%. Lennar’s dividend payout ratio (DPR) is 16.54%.

About Lennar

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.