Lennar Co. (LEN) Given Average Rating of “Buy” by Brokerages
Shares of Lennar Co. (NYSE:LEN) have been given a consensus rating of “Buy” by the twenty-one research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $69.08.
Several research analysts recently commented on the company. Argus boosted their price target on Lennar from $64.00 to $70.00 and gave the stock a “buy” rating in a research note on Thursday. ValuEngine cut Lennar from a “strong-buy” rating to a “buy” rating in a research note on Wednesday. Zacks Investment Research lowered Lennar from a “buy” rating to a “hold” rating in a report on Wednesday. Evercore ISI raised Lennar from an “in-line” rating to an “outperform” rating in a report on Friday, February 23rd. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a $77.00 price objective on shares of Lennar in a report on Tuesday, February 13th.
Lennar (NYSE:LEN) traded up $0.12 during trading hours on Friday, hitting $57.48. The company had a trading volume of 4,276,358 shares, compared to its average volume of 5,900,000. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.67 and a current ratio of 8.42. Lennar has a fifty-two week low of $48.29 and a fifty-two week high of $72.17. The firm has a market capitalization of $13,370.00, a PE ratio of 17.16, a price-to-earnings-growth ratio of 0.59 and a beta of 1.31.
The business also recently announced a quarterly dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 26th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend was Thursday, January 25th. Lennar’s dividend payout ratio (DPR) is presently 4.78%.
In other news, COO Jonathan M. Jaffe sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $64.02, for a total transaction of $1,280,400.00. Following the completion of the transaction, the chief operating officer now directly owns 99,000 shares of the company’s stock, valued at $6,337,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Bruce E. Gross sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $72.00, for a total value of $72,000.00. Following the transaction, the chief financial officer now directly owns 356,043 shares of the company’s stock, valued at $25,635,096. The disclosure for this sale can be found here. Insiders have sold 175,000 shares of company stock valued at $12,092,050 over the last ninety days. Corporate insiders own 12.18% of the company’s stock.
Large investors have recently bought and sold shares of the company. Itau Unibanco Holding S.A. bought a new position in shares of Lennar during the fourth quarter valued at approximately $103,000. First Personal Financial Services bought a new position in shares of Lennar during the fourth quarter valued at approximately $140,000. Independence Bank of Kentucky bought a new position in shares of Lennar during the fourth quarter valued at approximately $153,000. NuWave Investment Management LLC bought a new position in shares of Lennar during the fourth quarter valued at approximately $203,000. Finally, Gotham Asset Management LLC bought a new position in shares of Lennar during the fourth quarter valued at approximately $207,000. 86.35% of the stock is owned by institutional investors.
Lennar Company Profile
Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.
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