Krilogy Financial LLC Purchases New Stake in Lennar Corporation $LEN

Krilogy Financial LLC purchased a new stake in shares of Lennar Corporation (NYSE:LEN) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,369 shares of the construction company’s stock, valued at approximately $594,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. VCI Wealth Management LLC bought a new position in Lennar during the fourth quarter valued at about $1,028,000. Bayforest Capital Ltd bought a new position in Lennar during the fourth quarter valued at about $383,000. Tokio Marine Asset Management Co. Ltd. grew its position in Lennar by 8.1% during the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 8,343 shares of the construction company’s stock valued at $858,000 after buying an additional 624 shares during the period. Lakewood Asset Management LLC grew its position in Lennar by 2.5% during the fourth quarter. Lakewood Asset Management LLC now owns 11,416 shares of the construction company’s stock valued at $1,174,000 after buying an additional 282 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Lennar by 16.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 53,491 shares of the construction company’s stock valued at $5,499,000 after buying an additional 7,480 shares during the period. Institutional investors own 81.10% of the company’s stock.

Wall Street Analysts Forecast Growth

LEN has been the subject of several research reports. Citizens Jmp restated a “market perform” rating on shares of Lennar in a research report on Wednesday, January 7th. Keefe, Bruyette & Woods cut their target price on shares of Lennar from $105.00 to $97.00 and set a “market perform” rating for the company in a research report on Wednesday, April 1st. Argus cut their target price on shares of Lennar from $140.00 to $125.00 and set a “buy” rating for the company in a research report on Wednesday, April 15th. Truist Financial cut their target price on shares of Lennar from $95.00 to $90.00 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Finally, Citigroup cut their target price on shares of Lennar from $113.00 to $104.00 and set a “neutral” rating for the company in a research report on Tuesday, March 17th. One analyst has rated the stock with a Buy rating, ten have given a Hold rating and eight have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $99.87.

Lennar Price Performance

Shares of NYSE:LEN opened at $94.31 on Thursday. The company has a quick ratio of 0.97, a current ratio of 4.77 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $23.29 billion, a PE ratio of 13.55, a P/E/G ratio of 2.08 and a beta of 1.47. Lennar Corporation has a twelve month low of $83.03 and a twelve month high of $144.24. The company has a 50-day moving average price of $99.14 and a two-hundred day moving average price of $111.49.

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

Lennar Announces Dividend

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