Lennar (NYSE:LEN.B) Stock Price Crosses Below Two Hundred Day Moving Average - Here's What Happened

Lennar Corporation (NYSE:LEN.B - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $115.23 and traded as low as $95.92. Lennar shares last traded at $97.78, with a volume of 19,905 shares.Lennar Trading Up 1.2%Why Lennar Stock Could Be the Best Play in the Housing MarketThe firm has a market capitalization of $24.94 billion, a price-to-earnings ratio of 12.24 and a beta of 1.30. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.36 and a current ratio of 4.89. The company has a 50-day moving average price of $114.01 and a 200-day moving average price of $115.23. Lennar (NYSE:LEN.B - Get Free Report) last posted its earnings results on Tuesday, December 16th. The construction company reported $2.03 earnings per share for the quarter. The firm had revenue of $9.37 billion during the quarter. Lennar had a return on equity of 9.27% and a net margin of 6.08%.Lennar Announces DividendLennar: 3 reasons to buy the dip in this cash flow machineThe business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Friday, October 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Friday, October 10th. Lennar's payout ratio is currently 16.54%. Lennar Company Profile (Get Free Report)Lennar is a U.S.-based residential real estate company primarily engaged in the design, construction and sale of new homes. The company builds a range of housing products that typically include single-family detached homes, attached homes and planned community residences aimed at first-time buyers, move-up buyers and active-adult purchasers. Lennar's operations span many metropolitan and regional housing markets across the United States, and the company is known for a high-volume, production-oriented homebuilding model. KB Home Price Weakness is a Signal to Buy this Cash MachineIn addition to core homebuilding, Lennar provides a suite of complementary services intended to simplify the homebuying process.Featured ArticlesFive stocks we like better than LennarDo not delete, read immediatelyINVESTOR ALERT: Tiny “$3 AI Wonder Stock” on the Verge of Blasting OffDo you know what Amazon is planning for January 1?Can Any Expenses Be Deducted From Capital Gains Tax?Buffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyThis 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.Should You Invest $1,000 in Lennar Right Now?Before you consider Lennar, you'll want to hear this.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.While Lennar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here