Telos Capital Management Inc. Sells 1,309 Shares of Lennar Co. (NYSE:LEN)

Telos Capital Management Inc. trimmed its position in Lennar Co. (NYSE:LEN) by 35.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,413 shares of the construction company’s stock after selling 1,309 shares during the quarter. Telos Capital Management Inc.’s holdings in Lennar were worth $329,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Armstrong Advisory Group Inc. increased its stake in shares of Lennar by 69.4% during the fourth quarter. Armstrong Advisory Group Inc. now owns 183 shares of the construction company’s stock valued at $25,000 after buying an additional 75 shares during the period. Crews Bank & Trust purchased a new position in Lennar during the 4th quarter valued at $25,000. Oakworth Capital Inc. bought a new position in Lennar in the 3rd quarter worth $27,000. Wolff Wiese Magana LLC lifted its position in shares of Lennar by 933.3% in the 3rd quarter. Wolff Wiese Magana LLC now owns 155 shares of the construction company’s stock worth $29,000 after purchasing an additional 140 shares during the period. Finally, GHP Investment Advisors Inc. bought a new stake in shares of Lennar during the 3rd quarter valued at about $30,000. 81.10% of the stock is currently owned by institutional investors.

Lennar Trading Down 4.2 %

Shares of NYSE:LEN opened at $121.95 on Friday. Lennar Co. has a 1 year low of $121.40 and a 1 year high of $193.80. The stock’s fifty day moving average price is $142.39 and its 200-day moving average price is $165.10. The company has a market cap of $32.38 billion, a P/E ratio of 8.50, a PEG ratio of 1.32 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 (NYSE:LEN) last released its quarterly earnings data on Wednesday, December 18th. The construction company reported $4.03 earnings per share for the quarter, missing the consensus estimate of $4.15 by ($0.12). Lennar had a net margin of 11.10% and a return on equity of 13.93%. The company had revenue of $9.95 billion for the quarter, compared to analysts’ expectations of $10.06 billion. During the same period in the previous year, the firm earned $4.82 earnings per share. The firm’s revenue for the quarter was down 9.3% on a year-over-year basis. Sell-side analysts expect that Lennar Co. will post 12.52 earnings per share for the current year.

Lennar Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 12th. Investors of record on Wednesday, January 29th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend is Wednesday, January 29th. Lennar’s payout ratio is currently 13.95%.

Analyst Upgrades and Downgrades

LEN has been the subject of several research analyst reports. UBS Group lowered their price objective on shares of Lennar from $205.00 to $192.00 and set a “buy” rating for the company in a report on Wednesday, January 8th. Wells Fargo & Company dropped their price target on Lennar from $180.00 to $165.00 and set an “equal weight” rating on the stock in a research report on Tuesday, December 17th. The Goldman Sachs Group decreased their price objective on Lennar from $190.00 to $162.00 and set a “neutral” rating for the company in a report on Monday, December 23rd. BTIG Research downgraded shares of Lennar from a “buy” rating to a “neutral” rating in a research report on Friday, December 20th. Finally, Bank of America lowered their price target on shares of Lennar from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $167.19.

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.