Telos Capital Management Inc. Sells 1,309 Shares of Lennar Co. (NYSE:LEN)

Telos Capital Management Inc. lessened its stake in shares of Lennar Co. (NYSE:LEN) by 35.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,413 shares of the construction company’s stock after selling 1,309 shares during the period. Telos Capital Management Inc.’s holdings in Lennar were worth $329,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LEN. Mather Group LLC. lifted its stake in Lennar by 12.2% in the third quarter. Mather Group LLC. now owns 1,147 shares of the construction company’s stock valued at $215,000 after purchasing an additional 125 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Lennar by 23.3% during the 3rd quarter. Daymark Wealth Partners LLC now owns 2,009 shares of the construction company’s stock valued at $377,000 after buying an additional 379 shares during the last quarter. Wedmont Private Capital grew its stake in shares of Lennar by 6.7% during the 3rd quarter. Wedmont Private Capital now owns 4,239 shares of the construction company’s stock worth $771,000 after acquiring an additional 268 shares during the period. JGP Wealth Management LLC raised its stake in Lennar by 0.3% in the 3rd quarter. JGP Wealth Management LLC now owns 78,062 shares of the construction company’s stock valued at $14,635,000 after acquiring an additional 202 shares during the period. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Lennar by 32.5% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 17,382 shares of the construction company’s stock valued at $3,257,000 after purchasing an additional 4,264 shares during the last quarter. 81.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. UBS Group lowered their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating on the stock in a research report on Wednesday, January 8th. Citigroup dropped their target price on Lennar from $196.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. reduced their price target on Lennar from $192.00 to $173.00 and set a “neutral” rating for the company in a research report on Friday, December 13th. Wedbush reissued a “neutral” rating and set a $164.00 price objective on shares of Lennar in a report on Thursday, December 19th. Finally, The Goldman Sachs Group reduced their target price on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $167.19.

Lennar Trading Down 4.2 %

NYSE LEN opened at $121.95 on Friday. The stock’s 50-day simple moving average is $142.39 and its two-hundred day simple moving average is $165.10. Lennar Co. has a twelve month low of $121.40 and a twelve month high of $193.80. The company has a quick ratio of 1.06, a current ratio of 4.71 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $32.38 billion, a price-to-earnings ratio of 8.50, a PEG ratio of 1.32 and a beta of 1.67.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing analysts’ consensus estimates of $4.15 by ($0.12). Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm had revenue of $9.95 billion during the quarter, compared to the consensus estimate of $10.06 billion. During the same quarter in the previous year, the firm earned $4.82 EPS. The business’s quarterly revenue was down 9.3% compared to the same quarter last year. Research analysts forecast that Lennar Co. will post 12.52 EPS for the current fiscal year.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.64%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s payout ratio is presently 13.95%.

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; and development, construction, and management of multifamily rental properties.