LEN - Lennar Corporation

NYSE - NYSE Delayed Price. Currency in USD
66.64
-0.63 (-0.94%)
At close: 4:00PM EST
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Previous Close67.27
Open67.19
Bid0.00 x 1300
Ask0.00 x 800
Day's Range66.56 - 68.04
52 Week Range43.26 - 68.04
Volume5,237,678
Avg. Volume3,367,514
Market Cap20.656B
Beta (5Y Monthly)1.02
PE Ratio (TTM)11.61
EPS (TTM)5.74
Earnings DateMar 24, 2020 - Mar 29, 2020
Forward Dividend & Yield0.50 (0.74%)
Ex-Dividend DateJan 22, 2020
1y Target Est68.79
  • Valley single-family homebuilding permits surge in 2019; several hot spots emerge
    American City Business Journals

    Valley single-family homebuilding permits surge in 2019; several hot spots emerge

    Homebuilders are feeling a bit more conservative heading into 2020 after such a robust year in 2019. Here are the areas of the region that saw the biggest homebuilding permit gains last year.

  • Why new FICO standards should keep risky borrowers out of the housing market
    Yahoo Finance

    Why new FICO standards should keep risky borrowers out of the housing market

    Changes are coming to FICO scores -- and that could help keep riskier borrowers out of the housing market, said Doug Duncan, chief economist at Fannie Mae.

  • American City Business Journals

    Lennar proposes homes on Miami-Dade County berry farm

    Lennar Corp. could develop the home of Burr’s Berry Farm in the Goulds neighborhood of south Miami-Dade County into homes. It would be rezoned from “neighborhood business” and “agricultural” to “estate modified” and “single-family residential.” Miami-based Lennar (NYSE: LEN) has the property under contract from Charles R. Burr, Mary K. Magee and Rebecca Burr Isaacson, the family that has operated the strawberry farm and snack stand there for about 60 years. Bruce Grundt, the senior VP of the Southeast Florida market for Lennar, said it would build about 120 single-family homes.

  • Will Low Selling Price Ail Meritage Homes (MTH) Q4 Earnings?
    Zacks

    Will Low Selling Price Ail Meritage Homes (MTH) Q4 Earnings?

    Focus on entry-level/first-move-up buyers and strategic initiatives are likely to have boosted Meritage Homes' (MTH) Q4 performance. Yet, lower selling prices and higher costs may have been concerns.

  • Real Estate Stocks Get December Sales Boost; This Homebuilder Lingers In Buy Range
    Investor's Business Daily

    Real Estate Stocks Get December Sales Boost; This Homebuilder Lingers In Buy Range

    D.R. Horton broke out ahead of earnings and alongside many other real estate stocks this week after some surprise sales data.

  • GuruFocus.com

    Beverly (Value) Hillbillies

    5 tech companies are the largest market caps in the S&P; 500 Index and the Fortune 500 Continue reading...

  • Home Sales Near 2-Year High Despite Supply Woes: 5 Picks
    Zacks

    Home Sales Near 2-Year High Despite Supply Woes: 5 Picks

    The housing space looks attractive as existing home sales have improved from the prior months amid record low inventory level.

  • PR Newswire

    SunStreet Energy Group Demonstrates High-Performance Residential Solar At Lennar's Cortona Community During NAHB's Green Home Tour At IBS

    SunStreet Energy Group, the only solar power company designed for homebuilders by a homebuilder, announced today plans to team up with National Association of Homebuilders (NAHB) to demonstrate high-performance residential solar at Cortona, a single-family production community by Lennar, during the Green Home Tour at this week's International Builder's Show (IBS). Hosted by NAHB, the Green Home Tour will provide an educational experience for participants by showcasing energy efficient solutions and green features and constructions practices in the residential market. As California begins implementation of a mandate for solar power on every new home in the state, interest has increased among homebuilders across the country in how to include more renewable energy in their new homes. Tickets are required for this event. For more information, click here.

  • Will Higher Expenses Mar PulteGroup (PHM) Q4 Earnings?
    Zacks

    Will Higher Expenses Mar PulteGroup (PHM) Q4 Earnings?

    Despite benefiting from acquisitions and cost-saving actions, PulteGroup's (PHM) Q4 results are likely to be hurt by higher costs and expenses.

  • GuruFocus.com

    Global Markets Turn Red Tuesday

    Halliburton falls on fourth-quarter results Continue reading...

  • Treasure Island residents sue to halt 8,000-home megaproject over contamination
    American City Business Journals

    Treasure Island residents sue to halt 8,000-home megaproject over contamination

    Current and former residents of Treasure Island filed a class-action lawsuit Tuesday saying they were misled about the island's toxic history and requesting an injunction to halt its planned redevelopment. The lawsuit seeks $2 billion in damages, according to attorney Stanley Goff, who filed the suit in San Francisco Superior Court on behalf of 47 named plaintiffs. The lawsuit alleges that the U.S. Navy did not properly assess “the levels of cesium-137, a fission byproduct, in soil samples dating back to the 1970s” before entering into an agreement with San Francisco to allow civilians — many of whom were formerly homeless — to move to the island after the Navy ceased its operations there in 1997.

  • The Zacks Analyst Blog Highlights: Lennar, D.R. Horton, PulteGroup and KB Home
    Zacks

    The Zacks Analyst Blog Highlights: Lennar, D.R. Horton, PulteGroup and KB Home

    The Zacks Analyst Blog Highlights: Lennar, D.R. Horton, PulteGroup and KB Home

  • Factors Likely to Shape D.R. Horton's (DHI) Q1 Earnings
    Zacks

    Factors Likely to Shape D.R. Horton's (DHI) Q1 Earnings

    Favorable mortgage rates, industry-leading market share, broad geographic footprint and affordable product offerings across multiple brands are likely to reflect on D.R. Horton's (DHI) fiscal Q1 earnings.

  • Housing Starts Hit 13-Year High: Will This Rally Sustain?
    Zacks

    Housing Starts Hit 13-Year High: Will This Rally Sustain?

    Housing construction registers a notable improvement in December as construction starts grow 16.9% to a 13-year high.

  • Lennar Corporation (NYSE:LEN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
    Simply Wall St.

    Lennar Corporation (NYSE:LEN) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

    Lennar Corporation (NYSE:LEN) stock is about to trade ex-dividend in 4 days time. You can purchase shares before the...

  • Scottsdale developer selects final homebuilders for fast-growing master-planned community
    American City Business Journals

    Scottsdale developer selects final homebuilders for fast-growing master-planned community

    One of nation's fastest-growing communities has sold the final remaining lots, nearly 900 in total, to a trio of homebuilders. Here's what happens next, including zoning for commercial development.

  • Home builder confidence slips slightly in January, but USMCA trade deal should be a boon to the industry
    MarketWatch

    Home builder confidence slips slightly in January, but USMCA trade deal should be a boon to the industry

    An index measuring sentiment in the home-building industry fell off a near-record high from the previous month.

  • Nation's largest homebuilder launches West Valley active adult community
    American City Business Journals

    Nation's largest homebuilder launches West Valley active adult community

    A Florida homebuilder is planning to spend a whopping $600 million on its multiphase latest Phoenix-area development, spanning everything from entry-level to luxury residences. Home sales in the project are underway.

  • Housing Upswing to Cushion U.S. Economy From Sluggish Investment
    Bloomberg

    Housing Upswing to Cushion U.S. Economy From Sluggish Investment

    (Bloomberg) -- Sign up here to receive the Davos Diary, a special daily newsletter that will run from Jan. 20-24.A rejuvenated U.S. housing market will help keep the economy chugging along despite the threat posed by a derailment in corporate spending.Home construction outlays, which account for almost 4% of gross domestic product, increased for a fifth straight month in November, marking a welcome departure from a yearlong slowdown. Buyers, their confidence bolstered by sustained job and income growth, have taken advantage of the lowest borrowing costs in almost three years as Federal Reserve policy makers reduced their benchmark rate three times in 2019.The Atlanta Fed’s latest GDPNow estimate has residential investment penciled in at an annualized 3.9% gain for the fourth quarter after growing at a 4.6% pace in the previous three-month period. That would mark the best consecutive quarters of growth since 2016-2017.Fresh earnings announcements show order books are growing at builders including Lennar Corp., with its increasing focus on the entry-level home segment, and KB Home, which targets first-time buyers. While Lennar shares gained in the wake of its earnings report, KB Home retreated because of closing delays in the fire-stricken Bay Area even with solid orders.“The indicators that we see and hear from our customers reflect confidence in the stability of the economy and in the job market,” Stuart Miller, Lennar’s chairman, said on the company’s earnings call last week.While home construction represents almost 4% of the economy, less than nonresidential investment in equipment (5.7%) and structures (2.9%) combined, a further strengthening will help limit the negative effects of capital-spending weakness. What’s more, stronger home sales have the potential of propelling purchases of furnishings and durable household equipment.Housing also contributes to growth through consumption of housing and utilities services, which accounts for 12.5% of GDP and includes an estimate of how much it would cost to rent owner-occupied units.The likely boost to fourth-quarter GDP from residential construction has been accompanied by a flurry of permit applications to build that includes both single-family dwellings and multifamily structures such as apartment buildings. The gains in residential permits show the recent improvement in home starts will probably extend into early 2020.Unemployment at a five-decade low is gradually driving wage gains, while the bull market in stocks has propelled indexes to record highs and fueled income growth. After the 2018 housing slowdown helped cool price appreciation, the pickup in incomes is giving more Americans the wherewithal to buy a home.“From a macro perspective, mortgage interest rates remained low, continuing to support favorable market conditions, characterized by steady economic expansion, solid job growth, high consumer confidence and positive demographic trends,” KB Home CEO Jeffrey Mezger said on the builder’s Jan. 9 earnings call. “While these factors fueled strong demand, supply continues to be insufficient to meet homebuyers’ needs.”Lean inventory at the home resale level is affording builders an opportunity to step up construction as orders pick up. Should recent indications of stabilization in global manufacturing develop into an actual strengthening in factory output, there’s potential for faster economic growth just as the housing market gains more traction.“While 2019 is in the books, 2020 seems even brighter to us,” Lennar’s Miller said. “We remain encouraged by both market conditions for the remainder of the year and Lennar’s position in it.”To contact the reporter on this story: Vince Golle in Washington at vgolle@bloomberg.netTo contact the editors responsible for this story: Scott Lanman at slanman@bloomberg.net, Anita SharpeFor more articles like this, please visit us at bloomberg.com©2020 Bloomberg L.P.

  • 180+ homes mapped near Cary shopping centers
    American City Business Journals

    180+ homes mapped near Cary shopping centers

    National homebuilder Lennar Corp. is adding to its list of projects in the Triangle with more than 180 homes proposed for the northwest part of town. Plans have been filed with the town for a development called James Grove at Alston Town Center, a 184-townhome community near Parkside Town Commons and Alston Town Center. The project is on 45 acres situated at 2020 Alston Ave. and is made up of five different parcels owned by a collection of families and individuals in Cary.

  • Solid Housing Market Fundamentals Aid Lennar Amid High Costs
    Zacks

    Solid Housing Market Fundamentals Aid Lennar Amid High Costs

    Solid housing market fundamentals and strategic land investments bode well for Lennar (LEN). However, rising land and labor costs are pressing concerns.

  • Barrons.com

    Newmont Plans to Raise Its Quarterly Dividend by 79%

    Newmont, a large mining company, said it would boost its quarterly dividend to 25 cents a share. Homebuilder Lennar will more than triple its 16 cents a share dividend.

  • Thomson Reuters StreetEvents

    Edited Transcript of LEN earnings conference call or presentation 8-Jan-20 4:00pm GMT

    Q4 2019 Lennar Corp Earnings Call

  • Lennar Lures Investors With 213% Quarterly Dividend Hike
    Zacks

    Lennar Lures Investors With 213% Quarterly Dividend Hike

    Focus on operational excellence, land strategy and cash flow enables Lennar (LEN) to boost quarterly dividend by 212.5%.

  • New construction of U.S. homes rose to its highest point since 2006
    Yahoo Finance Video

    New construction of U.S. homes rose to its highest point since 2006

    The strength of the job market and low mortgage rates are supporting existing home sales in 2020. Realtor.com Sr. Economist George Ratiu joins On The Move to discuss the scarcity of affordable housing and what else can be expected from the housing market in 2020.