Universal Beteiligungs und Servicegesellschaft mbH Sells 23,661 Shares of Lennar Corporation $LEN

Universal Beteiligungs und Servicegesellschaft mbH decreased its holdings in shares of Lennar Corporation (NYSE:LEN) by 21.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 85,977 shares of the construction company’s stock after selling 23,661 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Lennar were worth $8,977,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Guerra Advisors Inc bought a new position in shares of Lennar in the third quarter valued at about $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of Lennar during the 3rd quarter worth about $26,000. KERR FINANCIAL PLANNING Corp acquired a new position in Lennar in the 3rd quarter valued at about $25,000. Washington Trust Advisors Inc. raised its holdings in Lennar by 102.7% in the 3rd quarter. Washington Trust Advisors Inc. now owns 371 shares of the construction company’s stock valued at $47,000 after acquiring an additional 188 shares during the period. Finally, Harbor Investment Advisory LLC lifted its position in Lennar by 39.7% during the third quarter. Harbor Investment Advisory LLC now owns 405 shares of the construction company’s stock worth $51,000 after acquiring an additional 115 shares during the last quarter. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently commented on LEN. The Goldman Sachs Group decreased their target price on Lennar from $110.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, April 10th. Keefe, Bruyette & Woods dropped their price target on Lennar from $105.00 to $97.00 and set a “market perform” rating for the company in a report on Wednesday, April 1st. Citigroup reduced their price target on Lennar from $113.00 to $104.00 and set a “neutral” rating for the company in a research note on Tuesday, March 17th. Wells Fargo & Company decreased their price objective on Lennar from $100.00 to $90.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 8th. Finally, Seaport Research Partners reiterated a “sell” rating and set a $74.00 price objective (down from $140.00) on shares of Lennar in a research report on Tuesday, April 7th. One investment analyst has rated the stock with a Buy rating, ten have assigned a Hold rating and eight have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $99.87.

Lennar Stock Down 0.1%

Shares of LEN opened at $93.99 on Monday. The company has a current ratio of 4.77, a quick ratio of 0.97 and a debt-to-equity ratio of 0.18. Lennar Corporation has a 12 month low of $83.03 and a 12 month high of $144.24. The firm’s 50 day moving average is $98.04 and its 200-day moving average is $111.01. The stock has a market capitalization of $23.21 billion, a PE ratio of 13.50, a P/E/G ratio of 2.07 and a beta of 1.47.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Thursday, March 12th. The construction company reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.07). Lennar had a net margin of 5.39% and a return on equity of 7.80%. The company had revenue of $6.62 billion during the quarter, compared to the consensus estimate of $6.90 billion. During the same quarter last year, the firm posted $2.14 earnings per share. The company’s quarterly revenue was down 13.3% on a year-over-year basis. Equities research analysts forecast that Lennar Corporation will post 5.91 EPS for the current year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 6th. Stockholders of record on Wednesday, April 22nd will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Wednesday, April 22nd. Lennar’s dividend payout ratio is 28.74%.

About Lennar

Lennar Corporation (NYSE: LEN) is a U.S.-based homebuilder and real estate company that designs, constructs and sells residential housing. The company offers a range of product types including single-family detached homes, townhomes and condominiums, serving buyers from entry-level and first-time purchasers to move-up, active-adult and luxury segments. Lennar also develops master-planned communities and manages land acquisition and entitlement activities that support its homebuilding operations.

In addition to home construction and sales, Lennar provides a suite of ancillary services intended to streamline the purchase process and capture additional value.