TheStreet Lowers Lennar (LEN.B) to C+

TheStreet lowered shares of Lennar (NYSE:LEN.B) from a b- rating to a c+ rating in a report published on Wednesday morning.

Separately, ValuEngine downgraded Lennar from a sell rating to a strong sell rating in a report on Friday, September 28th.

LEN.B opened at $34.94 on Wednesday. Lennar has a 1 year low of $32.51 and a 1 year high of $58.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.72 and a current ratio of 12.62. The stock has a market capitalization of $11.54 billion, a price-to-earnings ratio of 6.49 and a beta of 1.22.

Lennar (NYSE:LEN.B) last posted its earnings results on Wednesday, October 3rd. The construction company reported $1.40 earnings per share (EPS) for the quarter. Lennar had a return on equity of 12.87% and a net margin of 6.76%. The company had revenue of $5.67 billion for the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 2nd. Stockholders of record on Friday, October 19th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date of this dividend is Thursday, October 18th.

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.

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