<div id="readability-page-1"><p>Shares of Lennar Corporation (NYSE:LEN - Get Free Report) gapped down prior to trading on Wednesday following a dissappointing earnings announcement. The stock had previously closed at $117.57, but opened at $113.65. Lennar shares last traded at $110.2760, with a volume of 3,172,269 shares traded.</p><ul><li>Here's Who Wins If Trump's 50-Year Mortgages Come to Market</li></ul><p>The construction company reported $2.03 earnings per share for the quarter, missing analysts' consensus estimates of $2.30 by ($0.27). The firm had revenue of $9.37 billion during the quarter, compared to analysts' expectations of $9.17 billion. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The business's quarterly revenue was down 5.8% on a year-over-year basis. During the same quarter last year, the business earned $4.03 earnings per share. </p><h2>Lennar Announces Dividend</h2><p>The company also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, October 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.8%. Lennar's payout ratio is 19.76%. </p><h2>Analyst Upgrades and Downgrades</h2><ul><li>Attention Income Investors: This REIT Is on Sale</li></ul><p>LEN has been the subject of several recent analyst reports. JMP Securities lifted their price target on Lennar from $130.00 to $140.00 and gave the company a &#34;market outperform&#34; rating in a report on Monday, September 22nd. Bank of America lowered their target price on shares of Lennar from $133.00 to $125.00 and set a &#34;neutral&#34; rating for the company in a report on Friday, October 10th. UBS Group increased their price target on shares of Lennar from $146.00 to $161.00 and gave the stock a &#34;buy&#34; rating in a research note on Monday, September 22nd. Citigroup  restated an &#34;outperform&#34; rating on shares of Lennar in a report on Monday, September 22nd. Finally, The Goldman Sachs Group lifted their target price on Lennar from $122.00 to $126.00 and gave the company a &#34;neutral&#34; rating in a report on Tuesday, September 23rd. One analyst  has rated the stock with a Strong Buy rating, three have given a Buy rating, eleven have given a Hold rating and four have assigned  a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of &#34;Hold&#34; and an average target price of $121.77.</p><p><b>View Our Latest Stock Analysis on LEN</b></p><h2>Institutional Investors Weigh In On Lennar</h2><ul><li>Analyst Downgrades Hit Homebuilders—But Opportunity Looms</li></ul><p>Several hedge funds and other institutional investors have recently added to or reduced their stakes in LEN. Kingstone Capital Partners Texas LLC acquired a new position in shares of  Lennar in the 2nd quarter worth approximately $424,950,000.  The Manufacturers Life Insurance Company lifted its stake in  Lennar by 45.4% during the first quarter. The Manufacturers Life Insurance Company now owns 8,894,125 shares of the construction company's stock worth $1,020,866,000 after purchasing an additional 2,777,567 shares during the last quarter.  Viking Global Investors LP lifted its stake in  Lennar by 86.7% during the second quarter. Viking Global Investors LP now owns 2,523,594 shares of the construction company's stock worth $279,135,000 after purchasing an additional 1,172,068 shares during the last quarter.  Eminence Capital LP boosted its holdings in  Lennar by 130.8% in the first quarter. Eminence Capital LP now owns 1,581,489 shares of the construction company's stock worth $181,523,000 after purchasing an additional 896,264 shares during the period.  Finally, Barrow Hanley Mewhinney &amp; Strauss LLC increased its stake in  Lennar by 14.6% during the third quarter. Barrow Hanley Mewhinney &amp; Strauss LLC now owns 4,732,654 shares of the construction company's stock valued at $596,504,000 after purchasing an additional 603,004 shares during the last quarter. Hedge funds and other institutional investors own  81.10% of the company's stock. </p><h2>Lennar Stock Performance</h2><p>The company has a current ratio of 4.49, a quick ratio of 0.68 and a debt-to-equity ratio of 0.15. The stock's 50-day moving average price is $123.28 and its 200-day moving average price is $121.66. The company has a market capitalization of $28.28 billion, a P/E ratio of 10.94, a P/E/G ratio of 5.01 and a beta of 1.38. </p><h2>About Lennar</h2> (Get Free Report)<p>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.</p><h2>See Also</h2><ul><li>Five stocks we like better than Lennar</li><li>Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?</li><li>4 Quantum Stocks to Watch as the Next Computing Revolution Unfolds</li><li>How to Profit From Value Investing </li><li>Massive Breakout in Industrials: 3 Must-Watch Stocks Now</li><li>The Risks of Owning Bonds</li><li>3 Tech Stocks Down Over 60%—Which One Is Worth Buying?</li></ul><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Lennar Right Now?</h2><p>Before you consider Lennar, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Lennar wasn't on the list.</p><p>While Lennar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

LEN.B

<p>Lennar (NYSE:LEN) shares dropped following a disappointing earnings report. The stock opened at $113.65, down from the previous close of $117.57, and last traded at $110.2760. The company reported earnings of $2.03 per share, missing estimates of $2.30. Revenue was $9.37 billion, below expectations of $9.17 billion. Lennar declared a quarterly dividend of $0.50 per share. Analysts have mixed ratings on the stock, with a consensus rating of 'Hold' and an average target price of $121.77.</p>

Lennar (NYSE:LEN) Shares Gap Down Following Weak Earnings