MARKET COMPOSITE
LEN - Lennar Corp.8:00:02 PM 4/18/2024
Price
$152.49
+ 0.61 (0.40%)
Lennar Corporation is a home construction and real estate company based in Miami, Florida. In 2017 the company was the largest home construction company in the United States after its purchase of CalAtlantic Homes. The company is ranked 154th on the Fortune 500 as of 2019. The company operates in 21 states and owns Rialto Capital Management, the sponsor of six private equity funds that invest in real estate and an originator commercial mortgage loans for securitization. The company also developed and retains ownership interests in 53 apartment communities. The name Lennar is a portmanteau of the first names of two of the company's founders, Leonard Miller and Arnold Rosen. The company dates back to F&R Builders, a company founded in 1954 by Gene Fisher and real estate developer Arnold P. Rosen. In 1956, Leonard Miller , a 23-year-old entrepreneur that owned 42 lots in Miami-Dade County, Florida, invested $10,000 and partnered with the company. In 1969 the company reached an equity base of $1 million, and by 1971 Miller and Rosen changed the name to Lennar Corporation. That year the firm became a public company via an initial public offering of $8.7 million. It became listed on the New York Stock Exchange in 1972.
Financials
Quarterly financials
(USD)Feb 2024Q/Q
Revenue7.3B-33%
Operating Income--
Operating Expenses--
Net Income719.3MM-47%
G&A157.3MM+38%
Stock Chart

Short Volume Ratio = Short Volume / All Volume. Source of Short Volume data comes from 

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Stock news

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    Homebuilder stocks such as D.R. Horton (DHI), Toll Brothers (TOL), and Lennar (LEN) closed lower after disappointing housing starts data.  Yahoo Finance's Dani Romero discusses the data and what investors can expect from homebuilder earnings this quarter. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Stephanie Mikulich.

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    Shares of major homebuilders are dipping lower after the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) reported that Homebuilder Confidence for April remained unchanged from March. It currently sits at 51. Yahoo Finance Housing Reporter Dani Romero breaks down the data and what it represents for elevated mortgage rates. For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberr...

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    Lennar (LEN) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.

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    Lennar Corporation (NYSE: LEN and LEN.B), one of the nation's leading homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock payable on May 8, 2024 to holders of record at the close of business on April 24, 2024.

    Home builder stocks have the potential to become extremely valuable long-term investments. With mortgage rates projected to come down, a unique opportunity exists to capitalize on the housing market rebound. Right now, valuations in the home building sector look extremely attractive. That leaves room for a significant amount of upside potential for discerning investors. Additionally, there is a housing shortage across the United States, making these companies well-positioned to meet market deman