B of A Securities has downgraded Lennar Corp (LEN) to Underperform from Neutral, reflecting heightened caution regarding the company's outlook. The action, taken on December 17, 2025, comes as the homebuilder faces potential competitive pressures and market challenges that may affect its performance.
Lennar Corp, headquartered in Miami, Florida, engages in real estate-related financial and investment management services, employing over 13,000 individuals. The company operates through various segments, including Homebuilding, Financial Services, and Multifamily, focusing on the construction and sale of single-family homes as well as providing mortgage financing and title services.
Currently, Lennar’s stock is priced at $110.63, with a market capitalization of $30.0 billion. The company's price-to-earnings ratio stands at 11.16, and it has reported a trailing twelve-month earnings per share of 10.23. The firm also offers a notable dividend yield of 167.0%.
Upcoming earnings are scheduled for June 15, 2026, with an estimated EPS of $1.95 and revenue of $8.4 billion. Recent earnings performance has seen mixed results, including a Q4 2025 EPS of $2.03, which fell short of the expected $2.24.
This downgrade adds to a series of recent negative analyst actions, including similar downgrades from RBC Capital and Evercore ISI Group, both also on December 18, 2025. As analyst ratings can change with new information, investors should consider a variety of factors, including company fundamentals and market conditions, in their decision-making processes.