Lennar (NYSE:LEN.B) Shares Cross Below 200-Day Moving Average – What’s Next?

Shares of Lennar Corporation (NYSE:LEN.B) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $115.23 and traded as low as $95.92. Lennar shares last traded at $97.78, with a volume of 19,905 shares.

Lennar Price Performance

The company has a debt-to-equity ratio of 0.18, a current ratio of 4.89 and a quick ratio of 1.36. The firm has a market cap of $24.94 billion, a price-to-earnings ratio of 12.24 and a beta of 1.30. The stock has a 50-day moving average price of $114.01 and a 200 day moving average price of $115.23.

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

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were given a dividend of $0.50 per share. The ex-dividend date was Friday, October 10th. This represents a $2.00 dividend on an annualized basis and a dividend 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.