Swiss Life Asset Management Ltd Sells 19,876 Shares of Lennar Corporation $LEN

Swiss Life Asset Management Ltd trimmed its stake in shares of Lennar Corporation (NYSE:LEN) by 53.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 17,143 shares of the construction company’s stock after selling 19,876 shares during the quarter. Swiss Life Asset Management Ltd’s holdings in Lennar were worth $1,762,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Guerra Advisors Inc bought a new stake in shares of Lennar during the 3rd quarter valued at $25,000. Redmont Wealth Advisors LLC acquired a new position in shares of Lennar in the 3rd quarter valued at approximately $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in shares of Lennar in the 3rd quarter valued at approximately $25,000. High Point Wealth Management LLC acquired a new position in shares of Lennar in the 4th quarter valued at approximately $31,000. Finally, Washington Trust Advisors Inc. raised its position in shares of Lennar by 102.7% in the 3rd quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after buying an additional 188 shares in the last quarter. 81.10% of the stock is currently owned by institutional investors.

Lennar Stock Down 3.5%

Shares of LEN opened at $82.28 on Friday. Lennar Corporation has a 52 week low of $82.06 and a 52 week high of $144.24. The stock has a market capitalization of $20.32 billion, a price-to-earnings ratio of 11.82, a PEG ratio of 1.88 and a beta of 1.41. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77. The stock has a fifty day moving average of $91.05 and a 200-day moving average of $107.85.

Lennar (NYSE:LEN) last announced its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The firm had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The firm’s revenue was down 13.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Lennar Corporation will post 5.87 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, April 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Lennar’s dividend payout ratio is currently 28.74%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. UBS Group dropped their target price on shares of Lennar from $122.00 to $107.00 and set a “neutral” rating for the company in a research report on Monday, March 16th. Citigroup decreased their price target on Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Weiss Ratings lowered Lennar from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, March 16th. Wells Fargo & Company decreased their price target on Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, Evercore decreased their price target on Lennar from $89.00 to $82.00 and set an “underperform” rating on the stock in a research note on Monday, April 13th. One equities research analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have given a Sell rating to the company. According to data from MarketBeat.com, Lennar presently has an average rating of “Reduce” and a consensus target price of $99.87.

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.