|Bid||0.00 x 900|
|Ask||0.00 x 900|
|Day's Range||23.33 - 24.50|
|52 Week Range||18.39 - 24.50|
|Beta (5Y Monthly)||N/A|
|PE Ratio (TTM)||15.28|
|Earnings Date||Jul 30, 2020 - Aug 03, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||22.00|
Taylor Morrison's other ratings and stable outlook remain unchanged. The transaction is in line with Moody's expectations of deleveraging following the close of the William Lyon acquisition in February 2020 as it modestly reduces leverage and improves the debt maturity profile of the company. Moody's expects leverage to decline below 50% by the end of the year.
Moody's Investors Service (Moody's) withdrew all ratings for William Lyon Homes, Inc. (Lyon), including its B2 Corporate Family Rating, B2-PD Probability of Default Rating and the B2 rating on the senior unsecured notes of Lyon and WLH PNW Finance Corp. The ratings had been on review since November 2019, following the company's announcement that it would be acquired by Taylor Morrison Home Corporation ("TMHC"). Please refer to the Moody's Investors Service Policy for Withdrawal of Credit Ratings, available on its website, www.moodys.com.
Moody's Investors Service, ("Moody's") assigned a Ba3 rating to Taylor Morrison Communities, Inc.'s (TMHC) $324.0 million 6.00% senior unsecured notes due 2023, $428.4 million 5.875% senior unsecured notes due 2025 and $290.4 million 6.625% senior unsecured notes due 2027. Taylor Morrison's other ratings and stable outlook remain unchanged.