Krilogy Financial LLC Invests $594,000 in Lennar Corporation $LEN

Krilogy Financial LLC purchased a new position in Lennar Corporation (NYSE:LEN) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,369 shares of the construction company’s stock, valued at approximately $594,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of LEN. Brighton Jones LLC lifted its holdings in shares of Lennar by 27.9% in the fourth quarter. Brighton Jones LLC now owns 1,727 shares of the construction company’s stock worth $236,000 after buying an additional 377 shares in the last quarter. Intech Investment Management LLC raised its stake in Lennar by 29.8% in the first quarter. Intech Investment Management LLC now owns 13,840 shares of the construction company’s stock valued at $1,589,000 after purchasing an additional 3,177 shares in the last quarter. Jump Financial LLC raised its stake in Lennar by 15.0% in the second quarter. Jump Financial LLC now owns 25,622 shares of the construction company’s stock valued at $2,834,000 after purchasing an additional 3,345 shares in the last quarter. Cary Street Partners Financial LLC purchased a new stake in Lennar in the second quarter valued at approximately $47,000. Finally, Daiwa Securities Group Inc. raised its stake in Lennar by 4.6% in the second quarter. Daiwa Securities Group Inc. now owns 34,958 shares of the construction company’s stock valued at $3,867,000 after purchasing an additional 1,544 shares in the last quarter. 81.10% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

LEN has been the topic of a number of recent analyst reports. Argus lowered their target price on shares of Lennar from $140.00 to $125.00 and set a “buy” rating on the stock in a research note on Wednesday, April 15th. Citigroup lowered their target price on shares of Lennar from $113.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 17th. Barclays lowered their target price on shares of Lennar from $85.00 to $80.00 and set an “underweight” rating on the stock in a research note on Wednesday, April 8th. Royal Bank Of Canada set a $88.00 target price on shares of Lennar in a research note on Friday, January 9th. Finally, Wells Fargo & Company lowered their target price on shares of Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $99.87.

Lennar Trading Down 0.5%

LEN stock opened at $94.31 on Thursday. The company has a market capitalization of $23.29 billion, a PE ratio of 13.55, a price-to-earnings-growth ratio of 2.08 and a beta of 1.47. Lennar Corporation has a one year low of $83.03 and a one year high of $144.24. The company’s 50 day moving average price is $99.14 and its two-hundred day moving average price is $111.49. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.97 and a current ratio of 4.77.

Lennar (NYSE:LEN) last posted its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.07). The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.90 billion. Lennar had a return on equity of 7.80% and a net margin of 5.39%.The company’s revenue was down 13.3% compared to the same quarter last year. During the same period last year, the business posted $2.14 earnings per share. As a group, analysts predict that Lennar Corporation will post 5.91 earnings per share for the current fiscal year.

Lennar Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 6th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 22nd. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. Lennar’s dividend payout ratio (DPR) is 28.74%.

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.