HGI Capital Management LLC Makes New Investment in Lennar Co. (NYSE:LEN)

HGI Capital Management LLC bought a new position in Lennar Co. (NYSE:LEN - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 13,257 shares of the construction company's stock, valued at approximately $1,808,000. Lennar comprises about 1.9% of HGI Capital Management LLC's investment portfolio, making the stock its 16th largest position.

Other institutional investors have also modified their holdings of the company. Armstrong Advisory Group Inc. lifted its holdings in Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock worth $25,000 after buying an additional 75 shares during the last quarter. Wolff Wiese Magana LLC increased its holdings in shares of Lennar by 51.0% in the 4th quarter. Wolff Wiese Magana LLC now owns 234 shares of the construction company's stock worth $32,000 after acquiring an additional 79 shares during the period. Howard Capital Management Inc. boosted its position in Lennar by 0.3% during the 4th quarter. Howard Capital Management Inc. now owns 28,836 shares of the construction company's stock worth $3,932,000 after acquiring an additional 81 shares during the period. Premier Path Wealth Partners LLC increased its holdings in shares of Lennar by 2.1% during the fourth quarter. Premier Path Wealth Partners LLC now owns 4,284 shares of the construction company's stock valued at $584,000 after purchasing an additional 87 shares during the period. Finally, Greenleaf Trust raised its stake in shares of Lennar by 1.9% during the fourth quarter. Greenleaf Trust now owns 5,220 shares of the construction company's stock valued at $712,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 81.10% of the company's stock.

Lennar Stock Up 1.4 %

Shares of NYSE LEN traded up $1.48 during mid-day trading on Wednesday, reaching $108.90. 1,230,980 shares of the company traded hands, compared to its average volume of 2,554,051. The company's fifty day moving average is $115.35 and its two-hundred day moving average is $141.05. 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 fifty-two week low of $98.42 and a fifty-two week high of $187.61. The stock has a market cap of $28.73 billion, a PE ratio of 7.59, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51.

Lennar (NYSE:LEN - Get Free Report) last posted its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.44. The business had revenue of $7.63 billion for the quarter, compared to analyst estimates of $7.44 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The firm's revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 earnings per share. On average, analysts expect that Lennar Co. will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Shareholders of record on Wednesday, April 23rd will be issued a $0.50 dividend. The ex-dividend date is Wednesday, April 23rd. This represents a $2.00 annualized dividend and a yield of 1.84%. Lennar's dividend payout ratio (DPR) is 14.57%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on LEN shares. Royal Bank of Canada dropped their price target on shares of Lennar from $125.00 to $122.00 and set a "sector perform" rating on the stock in a research report on Monday, March 24th. Wells Fargo & Company lowered their price target on Lennar from $120.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 9th. Evercore ISI restated an "in-line" rating and issued a $131.00 price objective (down previously from $159.00) on shares of Lennar in a report on Monday, March 24th. Bank of America dropped their price target on shares of Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Finally, StockNews.com upgraded shares of Lennar from a "sell" rating to a "hold" rating in a research report on Friday, April 18th. Fifteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $150.07.

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.