Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTVardah GillMon, June 29, 2026 at 10:17 PM GMT+2 2 min readLennar Corporation (NYSE:LEN) will trade ex-dividend on July 10, putting it among the 10 Best July Dividend Stocks to Buy.UBS, JPMorgan Lower Lennar (LEN) Targets on Softer Housing Demand and Revised GuidanceOn June 16, UBS lowered its price recommendation on Lennar Corporation (NYSE:LEN) to $94 from $107. It reiterated a Neutral rating on the stock. The firm updated its model following the company's second-quarter earnings report.The same day, JPMorgan reduced its price goal on Lennar to $77 from $80. It kept an Underweight rating. The firm said the company lowered its fiscal 2026 closings guidance after a weaker-than-expected spring selling season. Following the earnings report, JPMorgan also revised its estimates for the company.During the Q2 2026 earnings call, Executive Chairman, CEO, and President Stuart Miller said Lennar delivered 20,519 homes during the quarter, around the midpoint of its guidance. New orders reached 21,749 homes, near the high end of the company's projected range. He also noted that gross margin improved sequentially to 15.6%.Miller highlighted lower sales incentives as an encouraging development. He said the sales incentive rate on home deliveries declined to 12.9% during the quarter, down from 14.1% in the first quarter and 14.5% in the fourth quarter of 2025. He added that the company was beginning to see what could be the first meaningful and potentially sustainable decline in incentive levels.Management changes were also a focus during the call. Miller introduced Jim Parker as Lennar's newly promoted and appointed Chief Operating Officer and David Grove as its newly promoted and appointed Executive Vice President for Homebuilding. He said the two executives would jointly oversee the company's homebuilding operations across the country.Lennar Corporation (NYSE:LEN) is a homebuilder and an originator of residential and commercial mortgage loans. The company also provides title insurance and closing services and develops multifamily rental properties.While we acknowledge the potential of LEN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.READ NEXT: Top 10 Dividend Stocks with 10%+ Yield and