Foundry Partners LLC Grows Position in Lennar Co. (NYSE:LEN)

Foundry Partners LLC lifted its position in shares of Lennar Co. (NYSE:LEN - Free Report) by 58.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 73,544 shares of the construction company's stock after buying an additional 27,217 shares during the quarter. Foundry Partners LLC's holdings in Lennar were worth $10,029,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in LEN. Pacer Advisors Inc. lifted its position in shares of Lennar by 22.0% in the 4th quarter. Pacer Advisors Inc. now owns 3,271,319 shares of the construction company's stock worth $446,110,000 after purchasing an additional 589,553 shares during the period. Wellington Management Group LLP increased its position in Lennar by 18.9% during the 4th quarter. Wellington Management Group LLP now owns 3,239,488 shares of the construction company's stock valued at $441,769,000 after buying an additional 515,378 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Lennar by 21.4% in the fourth quarter. Nordea Investment Management AB now owns 2,250,626 shares of the construction company's stock worth $308,696,000 after acquiring an additional 397,492 shares during the period. Cannell & Spears LLC grew its position in Lennar by 1.0% during the 4th quarter. Cannell & Spears LLC now owns 514,970 shares of the construction company's stock worth $70,226,000 after purchasing an additional 5,311 shares during the period. Finally, Sound Shore Management Inc. CT raised its stake in shares of Lennar by 12.2% during the 4th quarter. Sound Shore Management Inc. CT now owns 396,289 shares of the construction company's stock valued at $54,042,000 after buying an additional 42,949 shares during the last quarter. Hedge funds and other institutional investors own 81.10% of the company's stock.

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Lennar Price Performance

Shares of NYSE:LEN traded down $1.01 on Wednesday, hitting $101.95. The stock had a trading volume of 1,482,722 shares, compared to its average volume of 2,540,658. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. Lennar Co. has a twelve month low of $98.69 and a twelve month high of $187.61. The company has a market capitalization of $27.07 billion, a price-to-earnings ratio of 7.09, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The firm's 50 day moving average price is $119.92 and its 200-day moving average price is $146.88.

Lennar (NYSE:LEN - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.44. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.57 earnings per share. On average, equities research analysts predict that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. The ex-dividend date of this dividend was Wednesday, January 29th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. Lennar's payout ratio is currently 14.57%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on LEN shares. Citigroup decreased their price target on Lennar from $196.00 to $150.00 and set a "neutral" rating for the company in a report on Monday, January 6th. BTIG Research lowered shares of Lennar from a "buy" rating to a "neutral" rating in a report on Friday, December 20th. Seaport Res Ptn raised shares of Lennar from a "hold" rating to a "strong-buy" rating in a research note on Thursday, March 6th. Wolfe Research downgraded shares of Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group reduced their price objective on Lennar from $141.00 to $120.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Lennar currently has a consensus rating of "Hold" and a consensus price target of $151.07.

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.