Lennar Corporation (NYSE:LEN) Receives $92.13 Consensus Target Price from Analysts

Lennar Corporation (NYSE:LEN) has been given an average recommendation of “Reduce” by the eighteen analysts that are currently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on 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 brokerages have recently weighed in on LEN. Evercore raised their target price on Lennar from $82.00 to $87.00 and gave the company an “underperform” rating in a research note on Monday, June 15th. Keefe, Bruyette & Woods reduced their price target on Lennar from $86.00 to $85.00 and set an “underperform” rating for the company in a report on Wednesday, June 17th. Citigroup lowered their price objective on Lennar from $104.00 to $88.00 and set a “neutral” rating for the company in a research note on Wednesday, July 15th. Argus set a $108.00 price objective on Lennar in a report on Thursday, July 9th. Finally, Royal Bank Of Canada cut their target price on Lennar from $88.00 to $85.00 and set an “underperform” rating on the stock in a research report on Monday, June 15th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Phillip James Consulting Co. bought a new stake in shares of Lennar in the 1st quarter worth about $30,000. High Point Wealth Management LLC bought a new position in shares of Lennar during the fourth quarter worth about $31,000. DV Equities LLC bought a new position in shares of Lennar during the fourth quarter worth about $31,000. Global Assets Advisory LLC acquired a new position in Lennar in the first quarter worth about $39,000. Finally, Quarry LP bought a new stake in Lennar in the fourth quarter valued at about $41,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Trading Down 0.9%

LEN opened at $86.77 on Monday. The firm’s 50 day moving average is $87.11 and its 200-day moving average is $94.06. Lennar has a 52-week low of $79.82 and a 52-week high of $144.24. The company has a quick ratio of 0.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $20.90 billion, a P/E ratio of 13.58, a P/E/G ratio of 2.91 and a beta of 1.39.

Lennar (NYSE:LEN) last released its quarterly earnings results on Thursday, June 11th. The construction company reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.07. Lennar had a net margin of 4.93% and a return on equity of 7.08%. The business had revenue of $7.94 billion during the quarter, compared to analyst estimates of $8.08 billion. During the same period last year, the business earned $1.81 EPS. The business’s revenue was down 5.2% on a year-over-year basis. Analysts expect that Lennar will post 5.52 EPS for the current fiscal year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid 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 was Friday, July 10th. Lennar’s payout ratio is 31.30%.

Lennar Company 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.