Lennar (NYSE:LEN.B) Trading Down 5.5% – What’s Next?

Lennar Corporation (NYSE:LEN.B)’s share price traded down 5.5% on Thursday . The stock traded as low as $105.23 and last traded at $104.1240. 2,834 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 56,991 shares. The stock had previously closed at $110.13.

Lennar Price Performance

The stock has a 50-day simple moving average of $115.30 and a 200 day simple moving average of $115.41. The company has a quick ratio of 0.68, a current ratio of 4.89 and a debt-to-equity ratio of 0.18. The company has a market cap of $25.13 billion, a PE ratio of 12.33 and a beta of 1.30.

Lennar (NYSE:LEN.B) last issued its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share (EPS) for the quarter. The business had revenue of $9.37 billion for the quarter. Lennar had a net margin of 6.08% and a return on equity of 9.27%.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Friday, October 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a yield of 2.0%. Lennar’s dividend payout ratio (DPR) is 16.54%.

About Lennar

Lennar is a U.S.-based residential real estate company primarily engaged in the design, construction and sale of new homes. The company builds a range of housing products that typically include single-family detached homes, attached homes and planned community residences aimed at first-time buyers, move-up buyers and active-adult purchasers. Lennar’s operations span many metropolitan and regional housing markets across the United States, and the company is known for a high-volume, production-oriented homebuilding model.

In addition to core homebuilding, Lennar provides a suite of complementary services intended to simplify the homebuying process.