Royal Bank Of Canada Cuts Lennar (NYSE:LEN) Price Target to $69.00

Lennar (NYSE:LEN) had its price target decreased by Royal Bank Of Canada from $85.00 to $69.00 in a research report released on Friday, Marketbeat.com reports. Royal Bank Of Canada currently has an underperform rating on the construction company’s stock.

Other equities analysts have also recently issued reports about the company. Evercore raised their target price on Lennar from $82.00 to $87.00 and gave the stock an “underperform” rating in a report on Monday, June 15th. Truist Financial cut their price target on Lennar from $80.00 to $75.00 and set a “hold” rating for the company in a report on Wednesday. Citigroup reduced their price target on Lennar from $104.00 to $88.00 and set a “neutral” rating for the company in a research report on Wednesday, July 15th. Wells Fargo & Company lowered their price objective on Lennar from $85.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Friday, September 11th. Finally, BTIG Research reiterated a “sell” rating and set a $63.00 price objective on shares of Lennar in a research note on Friday. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat, Lennar presently has a consensus rating of “Reduce” and a consensus target price of $89.07.

Lennar Stock Down 0.0%

Shares of LEN stock opened at $76.43 on Friday. Lennar has a 12 month low of $75.70 and a 12 month high of $133.76. The stock has a market cap of $18.41 billion, a P/E ratio of 14.45, a P/E/G ratio of 2.56 and a beta of 1.39. The company has a current ratio of 4.94, a quick ratio of 0.69 and a debt-to-equity ratio of 0.20. The company has a 50 day simple moving average of $84.15 and a two-hundred day simple moving average of $88.30.

Lennar (NYSE:LEN) last issued its quarterly earnings results on Wednesday, September 16th. The construction company reported $1.23 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.06). Lennar had a return on equity of 6.15% and a net margin of 4.09%.The business had revenue of $8.05 billion for the quarter, compared to analysts’ expectations of $8.32 billion. During the same quarter in the prior year, the business earned $2.29 EPS. The company’s revenue was down 8.7% compared to the same quarter last year. On average, research analysts expect that Lennar will post 5.46 earnings per share for the current year.

Lennar Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Friday, July 10th. Lennar’s payout ratio is 37.81%.

Hedge Funds Weigh In On Lennar

Several institutional investors have recently bought and sold shares of the stock. Anchor Investment Management LLC lifted its stake in Lennar by 1,276.4% in the 2nd quarter. Anchor Investment Management LLC now owns 757 shares of the construction company’s stock worth $69,000 after purchasing an additional 702 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Lennar by 5.3% during the second quarter. Sequoia Financial Advisors LLC now owns 14,609 shares of the construction company’s stock valued at $1,322,000 after purchasing an additional 735 shares in the last quarter. Van Hulzen Asset Management LLC bought a new stake in shares of Lennar in the second quarter worth about $317,000. Cidel Asset Management Inc. lifted its position in shares of Lennar by 15.6% in the second quarter. Cidel Asset Management Inc. now owns 4,873 shares of the construction company’s stock worth $441,000 after buying an additional 657 shares in the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC purchased a new stake in shares of Lennar in the second quarter worth about $232,000. 81.10% of the stock is owned by hedge funds and other institutional investors.

Key Lennar News

Here are the key news stories impacting Lennar this week:

• Positive Sentiment: Despite the housing-market slowdown, Lennar’s balance sheet remains relatively solid, while share repurchases and a dividend yield of approximately 2.55% may provide support for the stock. Lennar’s Q3 Miss Hides a Stronger Operating Story Beneath the Housing Slump
• Positive Sentiment: Some institutional investors increased their Lennar holdings during the second quarter, including Berkshire Hathaway, JPMorgan and Goldman Sachs. These moves may offer a longer-term vote of confidence, although they predate the latest earnings report.
• Neutral Sentiment: Analyst price targets remain mixed. The reported median target is $85.50, but recent targets range from $77 to $94, reflecting uncertainty about the housing recovery and Lennar’s earnings outlook.
• Negative Sentiment: Third-quarter diluted EPS fell to $1.19, or $1.23 excluding certain items, from $2.29 a year earlier. Net income declined approximately 52% to $284 million, while revenue fell roughly 9% year over year to about $8.0 billion. Both adjusted earnings and revenue missed consensus expectations. Lennar profit halves as higher mortgage rates pressure homebuyers
• Negative Sentiment: New orders dropped 9% to 20,879 homes and deliveries declined 3% to 20,840. Lennar lowered its full-year 2026 delivery target to approximately 80,000–81,000 homes from the previously discussed 82,000–83,000 range.
• Negative Sentiment: Management cited mortgage rates near 6.8%, worsening affordability and weaker consumer confidence. Fourth-quarter EPS guidance of $1.30–$1.65 was well below the roughly $1.99 consensus estimate, increasing concerns about near-term margins and demand. Lennar Slides as Q3 Miss and Lower Delivery Outlook Weigh on Shares
• Negative Sentiment: Royal Bank of Canada cut its Lennar price target from $85 to $69 and assigned an “underperform” rating, signaling that analysts see additional downside risk.

About Lennar

Lennar Corporation is one of the largest homebuilders in the United States. Founded in 1954 and headquartered in Miami, Florida, the company designs, constructs, and sells single-family homes and communities for a range of buyers, including first-time, move-up, and active-adult purchasers.

Lennar operates across many of the country’s major housing markets, including communities in the West, Southwest, Southeast, Mid-Atlantic, and other metropolitan areas. Its homebuilding operations offer a variety of floor plans and home designs, while the company also develops residential communities and provides related services such as mortgage financing, title, and closing services through its financial-services businesses.

In addition to traditional homebuilding, Lennar has expanded into multifamily development and other residential real-estate activities.