Lennar (NYSE:LEN.B) Share Price Passes Below 200 Day Moving Average – Here’s What Happened

Lennar Corporation (NYSE:LEN.B) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $111.16 and traded as low as $110.71. Lennar shares last traded at $114.58, with a volume of 54,997 shares.

Lennar Stock Performance

The firm’s 50 day moving average is $123.39 and its two-hundred day moving average is $111.16. The stock has a market capitalization of $29.22 billion, a PE ratio of 11.32 and a beta of 1.28. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.68 and a current ratio of 4.49.

Lennar (NYSE:LEN.B) last announced its earnings results on Thursday, September 18th. The construction company reported $2.00 earnings per share for the quarter. Lennar had a net margin of 7.72% and a return on equity of 11.09%. The firm had revenue of $8.81 billion for the quarter.

Lennar Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Friday, October 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Friday, October 10th. Lennar’s dividend payout ratio is presently 16.54%.

Lennar Company Profile

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.