Union Square Park Capital Management LLC Invests $868,000 in Lennar Corporation $LEN

Union Square Park Capital Management LLC purchased a new stake in shares of Lennar Corporation (NYSE:LEN) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 10,000 shares of the construction company’s stock, valued at approximately $868,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DV Equities LLC bought a new position in shares of Lennar in the fourth quarter worth about $31,000. High Point Wealth Management LLC bought a new position in Lennar in the fourth quarter worth approximately $31,000. Phillip James Consulting Co. purchased a new position in Lennar during the 1st quarter worth $30,000. Quarry LP purchased a new position in Lennar during the 4th quarter worth $41,000. Finally, Cary Street Partners Financial LLC purchased a new stake in Lennar in the second quarter worth about $47,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Lennar Stock Up 3.2%

Shares of LEN stock opened at $84.74 on Friday. Lennar Corporation has a twelve month low of $79.82 and a twelve month high of $144.24. The stock has a market cap of $20.41 billion, a P/E ratio of 13.26, a P/E/G ratio of 2.81 and a beta of 1.38. The stock has a 50 day moving average of $88.00 and a 200 day moving average of $97.13. The company has a current ratio of 4.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.19.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, June 11th. The construction company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.24 by $0.07. The business had revenue of $7.94 billion for the quarter, compared to analyst estimates of $8.08 billion. Lennar had a return on equity of 7.08% and a net margin of 4.93%.The business’s quarterly revenue was down 5.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.81 EPS. As a group, sell-side analysts expect that Lennar Corporation will post 5.52 EPS for the current year.

Lennar Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.50 dividend. The ex-dividend date was Friday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.4%. Lennar’s dividend payout ratio is 31.30%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on LEN. Royal Bank Of Canada lowered their price target on shares of Lennar from $88.00 to $85.00 and set an “underperform” rating on the stock in a report on Monday, June 15th. Wells Fargo & Company decreased their target price on Lennar from $90.00 to $85.00 and set an “equal weight” rating for the company in a report on Monday, June 15th. BTIG Research set a $67.00 target price on Lennar in a research report on Monday, June 15th. The Goldman Sachs Group reissued a “neutral” rating on shares of Lennar in a research report on Friday, June 5th. Finally, UBS Group decreased their price objective on shares of Lennar from $107.00 to $94.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat.com, Lennar presently has a consensus rating of “Reduce” and a consensus target price of $92.80.

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.