Lennar Corporation(NYSE:LEN) Declares Dividend of $0.0400.

Lennar Corporation (NYSE:LEN) had declared a cash dividend of $0.0400 on Apr 13, 2016. The shares will quote ex-dividend on Apr 25, 2016 and the record date has been fixed on Apr 27, 2016. At Apr 13, 2016 share price, the yield comes out to be 0.3288%. The dividend payable date has been fixed on May 11, 2016.

In a different note, On Mar 31, 2016, Citigroup said it Maintains its rating on Lennar Corporation. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Neutral’ by the firm. On Mar 30, 2016, Susquehanna said it Maintains its rating on Lennar Corporation. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Positive’ by the firm. On Mar 30, 2016, Keefe Bruyette & Woods said it Maintains its rating on Lennar Corporation. In the research note, the firm Lowers the price-target to $60.00 per share. The shares have been rated ‘Outperform’ by the firm. On Mar 30, 2016, Barclays said it Maintains its rating on Lennar Corporation. In the research note, the firm Raises the price-target to $54.00 per share. The shares have been rated ‘Overweight’ by the firm. On Mar 30, 2016, Deutsche Bank said it Maintains its rating on Lennar Corporation. In the research note, the firm Raises the price-target to $48.00 per share. The shares have been rated ‘Hold’ by the firm. On Mar 30, 2016, Credit Suisse said it Maintains its rating on Lennar Corporation. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Neutral’ by the firm.

Lennar Corporation (LEN) shares turned negative on Fridays trading session with the shares closing down -0.39 points or -0.81% at a volume of 23,94,082. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $48.36. The peak price level was also seen at $48.36 while the days lowest was $47.49. Finally the shares closed at $47.92. The 52-week high of the shares is $56.04 while the 52-week low is $37.14. According to the latest information available, the market cap of the company is $10,289 M.

Lennar Corporation(LEN) last announced its earnings results on Mar 29, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.99B. Analysts had an estimated revenue of $1.83B. Earnings per share were $0.63. Analysts had estimated an EPS of $0.52.

Several Insider Transactions has been reported to the SEC. On Apr 8, 2016, Sherrill W Hudson (director) sold 2,500 shares at $47.54 per share price.Also, On Apr 8, 2016, Theron I Gilliam (director) sold 2,091 shares at $47.84 per share price.On Apr 5, 2016, Jonathan M Jaffe (Vice President/COO) sold 20,000 shares at $47.80 per share price, according to the Form-4 filing with the securities and exchange commission.

Lennar Corporation is a real estate company. The Company is a homebuilder a provider of real estate-related financial services a commercial real estate investment investment management and finance company. It operates under Homebuilding Operations Lennar Financial Services Rialto and Lennar Multifamily segments. It has grouped its homebuilding activities into five segments: Homebuilding East Homebuilding Central Homebuilding West Homebuilding Southeast Florida and Homebuilding Houston. Its homebuilding operations include the construction and sale of single-family attached and detached homes. Lennar Financial Services offers residential mortgage loan products to buyers of their homes and others. The Rialto segment is a commercial real estate investment investment management and finance company. The Lennar Multifamily segment focuses on developing a portfolio of multifamily rental properties in select United States markets. It operates under brand name Lennar.

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