Lennar Co. (NYSE:LEN) Receives $172.06 Average PT from Brokerages

Shares of Lennar Co. (NYSE:LEN) have earned a consensus recommendation of “Hold” from the seventeen brokerages that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $172.69.

A number of analysts have commented on LEN shares. Evercore ISI boosted their price target on shares of Lennar from $237.00 to $240.00 and gave the stock an “outperform” rating in a research report on Monday, July 15th. JMP Securities restated a “market outperform” rating and set a $170.00 price target on shares of Lennar in a research report on Thursday, June 20th. Raymond James downgraded shares of Lennar from an “outperform” rating to a “market perform” rating in a report on Tuesday, July 2nd. Royal Bank of Canada reiterated an “underperform” rating and issued a $145.00 target price on shares of Lennar in a report on Thursday, June 20th. Finally, The Goldman Sachs Group downgraded shares of Lennar from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $180.00 to $174.00 in a report on Monday, July 22nd.

Lennar Trading Up 2.5 %

Shares of NYSE:LEN opened at $185.91 on Monday. Lennar has a fifty-two week low of $102.90 and a fifty-two week high of $186.60. The company has a market cap of $51.05 billion, a PE ratio of 12.64, a P/E/G ratio of 1.61 and a beta of 1.61. The company’s 50-day moving average price is $172.66 and its 200 day moving average price is $163.03. The company has a quick ratio of 0.91, a current ratio of 4.93 and a debt-to-equity ratio of 0.08.

Lennar (NYSE:LEN) last released its quarterly earnings results on Monday, June 17th. The construction company reported $3.38 EPS for the quarter, topping analysts’ consensus estimates of $3.20 by $0.18. Lennar had a net margin of 11.58% and a return on equity of 15.93%. The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.57 billion. Sell-side analysts anticipate that Lennar will post 14.16 earnings per share for the current year.

Lennar Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 19th. Investors of record on Friday, July 5th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Friday, July 5th. Lennar’s payout ratio is presently 13.60%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rise Advisors LLC grew its position in Lennar by 484.0% in the first quarter. Rise Advisors LLC now owns 146 shares of the construction company’s stock worth $25,000 after acquiring an additional 121 shares in the last quarter. J.Safra Asset Management Corp bought a new stake in Lennar in the first quarter worth approximately $30,000. New Covenant Trust Company N.A. bought a new stake in Lennar in the first quarter worth approximately $32,000. Redmont Wealth Advisors LLC bought a new stake in Lennar in the first quarter worth approximately $35,000. Finally, Fortitude Family Office LLC grew its position in Lennar by 223.6% in the second quarter. Fortitude Family Office LLC now owns 233 shares of the construction company’s stock worth $35,000 after acquiring an additional 161 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Company Profile

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.