HGI Capital Management LLC Acquires New Shares in Lennar Co. (NYSE:LEN)

HGI Capital Management LLC bought a new stake in Lennar Co. (NYSE:LEN) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,257 shares of the construction company’s stock, valued at approximately $1,808,000. Lennar accounts for 1.9% of HGI Capital Management LLC’s investment portfolio, making the stock its 16th biggest position.

Other large investors have also modified their holdings of the company. Crews Bank & Trust acquired a new position in Lennar in the fourth quarter valued at about $25,000. Armstrong Advisory Group Inc. boosted its position in shares of Lennar by 69.4% during the 4th quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock worth $25,000 after purchasing an additional 75 shares during the period. Hurley Capital LLC acquired a new stake in Lennar in the 4th quarter valued at approximately $26,000. SBI Securities Co. Ltd. purchased a new stake in Lennar in the fourth quarter valued at approximately $28,000. Finally, ORG Wealth Partners LLC purchased a new position in shares of Lennar during the fourth quarter worth $32,000. Institutional investors and hedge funds own 81.10% of the company’s stock.

Analyst Ratings Changes

LEN has been the topic of several research reports. Barclays decreased their target price on Lennar from $121.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Monday, March 24th. Wells Fargo & Company lowered their price objective on shares of Lennar from $120.00 to $110.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 9th. UBS Group cut their target price on shares of Lennar from $183.00 to $164.00 and set a “buy” rating on the stock in a research note on Monday, March 24th. Bank of America decreased their price target on shares of Lennar from $140.00 to $130.00 and set a “neutral” rating for the company in a research report on Tuesday, March 18th. Finally, Wolfe Research cut Lennar from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $150.07.

Lennar Stock Up 1.8 %

Shares of NYSE:LEN opened at $104.57 on Friday. The firm has a 50 day simple moving average of $116.43 and a 200-day simple moving average of $143.03. Lennar Co. has a twelve month low of $98.42 and a twelve month high of $187.61. The company has a current ratio of 4.71, a quick ratio of 1.06 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $27.59 billion, a PE ratio of 7.29, a P/E/G ratio of 1.24 and a beta of 1.51.

Lennar (NYSE:LEN) last released its quarterly earnings data on Thursday, March 20th. The construction company reported $2.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.70 by $0.44. Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $7.63 billion during the quarter, compared to the consensus estimate of $7.44 billion. During the same quarter in the prior year, the firm posted $2.57 earnings per share. Lennar’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, equities analysts predict that Lennar Co. will post 12.48 EPS for the current fiscal year.

Lennar Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 7th. Stockholders of record on Wednesday, April 23rd will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, April 23rd. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. Lennar’s dividend payout ratio (DPR) is presently 14.57%.

Lennar Company Profile

Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company’s homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land; and development, construction, and management of multifamily rental properties.