Checchi Capital Advisers LLC Sells 411 Shares of Lennar Co. (NYSE:LEN)

Checchi Capital Advisers LLC lowered its stake in shares of Lennar Co. (NYSE:LEN) by 21.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,527 shares of the construction company’s stock after selling 411 shares during the period. Checchi Capital Advisers LLC’s holdings in Lennar were worth $208,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Crews Bank & Trust bought a new position in Lennar in the fourth quarter worth approximately $25,000. Armstrong Advisory Group Inc. lifted its holdings in shares of Lennar by 69.4% in 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 in the last quarter. Legacy Investment Solutions LLC acquired a new position in Lennar during the third quarter worth $39,000. Quarry LP boosted its position in shares of Lennar by 136.7% during the third quarter. Quarry LP now owns 232 shares of the construction company’s stock valued at $43,000 after buying an additional 134 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new position in shares of Lennar during the fourth quarter valued at about $32,000. 81.10% of the stock is currently owned by institutional investors and hedge funds.

Lennar Stock Performance

NYSE LEN opened at $120.34 on Friday. The company’s 50 day simple moving average is $131.07 and its two-hundred day simple moving average is $159.81. The stock has a market capitalization of $31.95 billion, a PE ratio of 8.39, a P/E/G ratio of 1.24 and a beta of 1.67. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.71 and a quick ratio of 1.06. Lennar Co. has a 1 year low of $117.90 and a 1 year high of $193.80.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, December 18th. The construction company reported $4.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.15 by ($0.12). The firm had revenue of $9.95 billion for the quarter, compared to the consensus estimate of $10.06 billion. Lennar had a return on equity of 13.93% and a net margin of 11.10%. The company’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period last year, the firm earned $4.82 EPS. Analysts predict that Lennar Co. will post 12.48 earnings per share for the current fiscal year.

Lennar Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 12th. Stockholders of record on Wednesday, January 29th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend was Wednesday, January 29th. Lennar’s dividend payout ratio (DPR) is presently 13.95%.

Wall Street Analyst Weigh In

A number of analysts recently commented on LEN shares. Bank of America dropped their price target on Lennar from $150.00 to $140.00 and set a “neutral” rating on the stock in a report on Monday, January 27th. The Goldman Sachs Group decreased their price objective on shares of Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. Keefe, Bruyette & Woods reduced their target price on shares of Lennar from $170.00 to $152.00 and set an “outperform” rating for the company in a research report on Tuesday, February 11th. UBS Group decreased their price target on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a research note on Wednesday, January 8th. Finally, Barclays reduced their price objective on Lennar from $135.00 to $121.00 and set an “equal weight” rating for the company in a report on Friday, January 31st. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Lennar currently has an average rating of “Hold” and an average target price of $163.88.

About Lennar

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.