Credit Suisse Group upgraded shares of Lennar (NYSE:LEN) from a neutral rating to an outperform rating in a research report sent to investors on Monday, MarketBeat.com reports. They currently have $81.00 price target on the construction company’s stock, up from their previous price target of $67.00.

Other research analysts also recently issued research reports about the stock. UBS Group started coverage on shares of Lennar in a research report on Wednesday, October 25th. They set a buy rating on the stock. BTIG Research boosted their target price on shares of Lennar from $62.00 to $63.00 and gave the company a buy rating in a research report on Wednesday, October 4th. Bank of America boosted their target price on shares of Lennar from $63.00 to $65.00 and gave the company a buy rating in a research report on Wednesday, October 4th. MKM Partners upgraded shares of Lennar from a neutral rating to a buy rating and set a $64.00 target price on the stock in a research report on Wednesday, October 4th. Finally, Royal Bank of Canada reiterated a buy rating and set a $64.00 target price on shares of Lennar in a research report on Monday, September 25th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. The company currently has an average rating of Buy and an average target price of $65.00.

Lennar (NYSE:LEN) traded down $0.80 during trading on Monday, hitting $70.93. 2,769,787 shares of the company were exchanged, compared to its average volume of 4,613,300. The company has a quick ratio of 0.59, a current ratio of 7.76 and a debt-to-equity ratio of 0.72. Lennar has a 52 week low of $43.46 and a 52 week high of $72.17. The firm has a market cap of $16,680.00, a P/E ratio of 20.44, a PEG ratio of 1.04 and a beta of 1.35.

Lennar (NYSE:LEN) last released its earnings results on Wednesday, January 10th. The construction company reported $1.29 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.21). Lennar had a net margin of 6.41% and a return on equity of 12.22%. The company had revenue of $3.79 billion for the quarter, compared to analyst estimates of $3.59 billion. During the same quarter in the previous year, the firm earned $1.34 EPS. The firm’s revenue was up 12.1% on a year-over-year basis. analysts anticipate that Lennar will post 5.33 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 9th. Shareholders of record on Friday, January 26th will be issued a dividend of $0.04 per share. The ex-dividend date is Thursday, January 25th. This represents a $0.16 annualized dividend and a yield of 0.23%. Lennar’s payout ratio is 4.61%.

In other Lennar news, VP Diane J. Bessette sold 10,000 shares of the company’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $69.50, for a total transaction of $695,000.00. Following the transaction, the vice president now owns 222,396 shares in the company, valued at $15,456,522. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Bruce E. Gross sold 5,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $60.00, for a total transaction of $300,000.00. Following the transaction, the chief financial officer now owns 371,043 shares in the company, valued at approximately $22,262,580. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 171,000 shares of company stock worth $11,744,050. Corporate insiders own 12.18% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of LEN. D.A. Davidson & CO. grew its stake in shares of Lennar by 8.9% in the 2nd quarter. D.A. Davidson & CO. now owns 1,895 shares of the construction company’s stock worth $101,000 after acquiring an additional 155 shares in the last quarter. QS Investors LLC grew its stake in shares of Lennar by 1.0% in the 2nd quarter. QS Investors LLC now owns 2,541 shares of the construction company’s stock worth $135,000 after acquiring an additional 25 shares in the last quarter. Chartist Inc. CA bought a new stake in shares of Lennar in the 2nd quarter worth $200,000. Valeo Financial Advisors LLC bought a new stake in shares of Lennar in the 3rd quarter worth $245,000. Finally, Vident Investment Advisory LLC bought a new stake in shares of Lennar in the 3rd quarter worth $250,000. Hedge funds and other institutional investors own 80.85% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Lennar (LEN) Upgraded by Credit Suisse Group to “Outperform”” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international copyright laws. The legal version of this story can be accessed at https://theolympiareport.com/2018/01/23/lennar-len-upgraded-by-credit-suisse-group-to-outperform.html.

About Lennar

Lennar Corporation is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. Its segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily.

Analyst Recommendations for Lennar (NYSE:LEN)

Receive News & Ratings for Lennar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lennar and related companies with MarketBeat.com's FREE daily email newsletter.