|Bid||0.00 x 900|
|Ask||0.00 x 800|
|Day's Range||111.36 - 113.92|
|52 Week Range||69.90 - 133.24|
|Beta (5Y Monthly)||1.48|
|PE Ratio (TTM)||8.29|
|Earnings Date||Dec 12, 2023 - Dec 18, 2023|
|Forward Dividend & Yield||1.50 (1.34%)|
|Ex-Dividend Date||Jul 06, 2023|
|1y Target Est||142.00|
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The current interest rate environment is driving mortgage rates higher, which in turn are having their own effect on homebuilder stocks, such as D.R. Horton (DHI), Lennar (LEN), and PulteGroup (PHM). Many stocks across the homebuilding sector have been noted to be in a downturn since the Federal Reserve's rate pause last week. Yahoo Finance's Jared Blikre joins the show to break down how these stocks are performing amid elevated volatility. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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 $0.375 per share for both Class A and Class B common stock payable on October 26, 2023 to holders of record at the close of business on October 12, 2023.
Warren Buffett isn't known for being a big real estate investor, but he has invested in real estate investment trusts (REITs) in the past and reaped significant rewards. For instance, Buffett's company Berkshire Hathaway Inc. (NYSE:BRK) used to own shares of STORE Capital Corp., a REIT specializing in single-tenant operational real estate (STORE). In September 2022, STORE Capital announced that it would be acquired by Singapore's sovereign wealth fund GIC and Oak Street in an all-cash transactio