Shares of Lennar Co. (NYSE:LEN – Get Rating) have been given an average rating of “Hold” by the sixteen analysts that are currently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have covered the stock in the last year is $109.50.
Several equities research analysts have commented on LEN shares. StockNews.com started coverage on shares of Lennar in a research report on Thursday, May 18th. They issued a “buy” rating on the stock. BTIG Research lifted their price target on shares of Lennar from $116.00 to $120.00 in a research report on Thursday, March 16th. Oppenheimer initiated coverage on Lennar in a research report on Wednesday, March 1st. They issued a “market perform” rating for the company. UBS Group increased their price target on Lennar from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Thursday, March 16th. Finally, Citigroup increased their price target on Lennar from $113.00 to $123.00 and gave the company a “buy” rating in a research report on Tuesday, March 21st.
Lennar Trading Up 0.6 %
Lennar stock opened at $108.56 on Tuesday. The firm’s 50-day moving average is $108.36 and its 200-day moving average is $99.04. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.38 and a current ratio of 7.82. Lennar has a 1 year low of $62.54 and a 1 year high of $116.18. The company has a market cap of $31.42 billion, a P/E ratio of 6.73, a PEG ratio of 1.84 and a beta of 1.43.
Lennar Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 10th. Investors of record on Wednesday, April 26th were given a dividend of $0.375 per share. The ex-dividend date of this dividend was Tuesday, April 25th. This represents a $1.50 dividend on an annualized basis and a yield of 1.38%. Lennar’s dividend payout ratio (DPR) is presently 9.30%.
Insider Buying and Selling
In related news, CFO Diane J. Bessette sold 9,289 shares of the company’s stock in a transaction dated Thursday, March 23rd. The shares were sold at an average price of $103.16, for a total transaction of $958,253.24. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 9.53% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Lennar
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Toroso Investments LLC lifted its stake in Lennar by 5.6% in the first quarter. Toroso Investments LLC now owns 7,869 shares of the construction company’s stock valued at $827,000 after buying an additional 414 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of Lennar by 31.2% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 11,601 shares of the construction company’s stock valued at $1,219,000 after buying an additional 2,758 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Lennar by 29.4% during the 1st quarter. Rockefeller Capital Management L.P. now owns 8,787 shares of the construction company’s stock worth $922,000 after buying an additional 1,997 shares during the period. Chevy Chase Trust Holdings LLC lifted its holdings in Lennar by 0.5% during the first quarter. Chevy Chase Trust Holdings LLC now owns 147,341 shares of the construction company’s stock worth $15,487,000 after acquiring an additional 678 shares in the last quarter. Finally, Gerber Kawasaki Wealth & Investment Management increased its holdings in shares of Lennar by 27.3% in the first quarter. Gerber Kawasaki Wealth & Investment Management now owns 14,727 shares of the construction company’s stock worth $1,548,000 after acquiring an additional 3,159 shares in the last quarter. 82.68% of the stock is owned by institutional investors.
Lennar Company Profile
Lennar Corp. engages in the provision of real estate related financial and investment management services. It operates through the following segments: Homebuilding East, Central, Texas, and West, Financial Services, Multifamily, and Lennar Other. The Homebuilding East, Central, Texas, and West segment constructs and sells homes primarily for first-time, move-up, and active adult homebuyers primarily under the Lennar brand name.
- Get a free copy of the StockNews.com research report on Lennar (LEN)
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