Lennar Corporation $LEN Stock Holdings Decreased by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in Lennar Corporation (NYSE:LEN) by 23.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 193,037 shares of the construction company’s stock after selling 59,486 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.08% of Lennar worth $24,330,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC acquired a new stake in shares of Lennar in the second quarter worth $33,000. Rexford Capital Inc. acquired a new stake in Lennar during the 2nd quarter worth about $36,000. Mid American Wealth Advisory Group Inc. acquired a new position in shares of Lennar in the 2nd quarter valued at about $43,000. Cary Street Partners Financial LLC purchased a new stake in shares of Lennar in the second quarter worth approximately $47,000. Finally, Harbor Investment Advisory LLC grew 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 valued at $51,000 after purchasing an additional 115 shares in the last quarter. 81.10% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reissued a “neutral” rating and set a $125.00 target price on shares of Lennar in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Lennar in a research report on Thursday. Argus upgraded shares of Lennar to a “strong-buy” rating in a report on Friday, January 16th. Citigroup reduced their target price on Lennar from $133.00 to $113.00 and set a “neutral” rating for the company in a report on Thursday, January 8th. Finally, Wells Fargo & Company dropped their price target on shares of Lennar from $110.00 to $105.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, nine have given a Hold rating and eight have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $106.38.

Lennar Trading Down 1.1%

Lennar stock opened at $110.66 on Tuesday. The business’s 50-day simple moving average is $116.17 and its 200-day simple moving average is $121.82. Lennar Corporation has a 52 week low of $98.42 and a 52 week high of $144.24. The firm has a market capitalization of $28.22 billion, a PE ratio of 13.85, a PEG ratio of 1.64 and a beta of 1.42. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Tuesday, December 16th. The construction company reported $2.03 EPS for the quarter, missing the consensus estimate of $2.30 by ($0.27). Lennar had a return on equity of 9.27% and a net margin of 6.08%.The business had revenue of $9.37 billion during the quarter, compared to the consensus estimate of $9.17 billion. During the same period in the prior year, the firm earned $4.03 earnings per share. The business’s quarterly revenue was down 5.8% on a year-over-year basis. Equities research analysts forecast that Lennar Corporation will post 12.48 earnings per share for the current year.

Lennar Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 19th. Shareholders of record on Wednesday, February 4th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.8%. The ex-dividend date is Wednesday, February 4th. Lennar’s dividend payout ratio (DPR) is currently 25.03%.

Lennar Profile

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.