Lennar Co. (NYSE:LEN) Receives $150.07 Consensus Price Target from Brokerages

Lennar Co. (NYSE:LEN - Get Free Report) has been given an average rating of "Hold" by the nineteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Fourteen analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $150.07.

LEN has been the subject of several recent analyst reports. StockNews.com upgraded Lennar from a "sell" rating to a "hold" rating in a research note on Friday, April 18th. Wedbush restated a "neutral" rating and issued a $158.00 price objective on shares of Lennar in a research note on Monday, March 17th. Wolfe Research downgraded Lennar from an "outperform" rating to a "peer perform" rating in a report on Wednesday, January 8th. Bank of America cut their price target on Lennar from $140.00 to $130.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 18th. Finally, Citigroup lowered their target price on shares of Lennar from $196.00 to $150.00 and set a "neutral" rating on the stock in a research report on Monday, January 6th.

Lennar Stock Down 1.7 %

LEN stock traded down $1.90 during mid-day trading on Tuesday, reaching $107.32. The company had a trading volume of 967,313 shares, compared to its average volume of 2,557,131. Lennar has a fifty-two week low of $98.42 and a fifty-two week high of $187.61. The company has a market capitalization of $28.31 billion, a price-to-earnings ratio of 7.48, a price-to-earnings-growth ratio of 1.24 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.06 and a current ratio of 4.71. The firm has a fifty day simple moving average of $114.74 and a 200 day simple moving average of $140.32.

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

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, April 23rd. Lennar's payout ratio is 14.57%.

Institutional Trading of Lennar

Several hedge funds and other institutional investors have recently bought and sold shares of LEN. Armstrong Advisory Group Inc. grew its position in shares of Lennar by 69.4% in the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company's stock valued at $25,000 after purchasing an additional 75 shares during the period. Crews Bank & Trust acquired a new position in shares of Lennar in the 4th quarter valued at about $25,000. Hurley Capital LLC acquired a new stake in shares of Lennar in the fourth quarter worth $26,000. SBI Securities Co. Ltd. acquired a new stake in Lennar in the 4th quarter valued at $28,000. Finally, Ameriflex Group Inc. purchased a new position in Lennar in the fourth quarter valued at about $30,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

About Lennar

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.