Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments. The company's homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development, and sale of residential land. It primarily sells single-family attached and detached homes in communities targeted to first-time, move-up, active adult, and luxury homebuyers. The company also offers residential mortgage financing, title insurance, and closing services for home buyers and others. In addition, it involves in the fund investment activity; and originates and sells into securitizations commercial mortgage loans. Further, the company develops, constructs, and manages multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.
IPO Year:
Exchange: NYSE
Website: lennar.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/10/2025 | $130.00 | Underperform → Sector Perform | RBC Capital Mkts |
| 1/8/2025 | Outperform → Peer Perform | Wolfe Research | |
| 12/20/2024 | Buy → Neutral | BTIG Research | |
| 12/11/2024 | $210.00 → $181.00 | Overweight → Equal Weight | Barclays |
| 10/7/2024 | $205.00 → $190.00 | Overweight → Equal Weight | Wells Fargo |
| 8/5/2024 | Buy → Neutral | Seaport Research Partners | |
| 7/22/2024 | $180.00 → $174.00 | Buy → Neutral | Goldman |
| 7/9/2024 | $144.00 | Underperform → Neutral | Wedbush |
| 7/2/2024 | Outperform → Mkt Perform | Raymond James | |
| 7/2/2024 | $174.00 → $164.00 | Buy → Neutral | Citigroup |
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Davidson Bogel Real Estate ("DB2RE") is proud to announce its successful representation of Kroger (NYSE:KR) in the acquisition of a 14-acre property in Little Elm, Texas from local investment firm Dollar-Flowers Realty Partners. The 14-acre site, located at US 380 and FM 2931, in one of the fastest-growing communities in North Texas, allows for Kroger to enhance its retail presence and serve the expanding population of Little Elm and surrounding areas with quality grocery offerings. Edward Bogel, Ryan Turner, and David Davidson Jr. of Davidson Bogel represented Kroger in the transaction. Dollar-Flowers was represented internally by Stewart Flowers. Kroger's acquisition follows a recen
Davidson Bogel Real Estate ("DB2RE") is pleased to announce a new retail shopping center anchored by Kroger (NYSE:KR) in northwest Fort Worth. Houston-based real estate developer, SDI Realty, partnered with Nexus Real Estate Co. to purchase the land. The property is located in northwest Fort Worth, and is surrounded by several new single-family communities. The land was owned by Miami-based Lennar Homes (NYSE:LEN), where they are currently developing a single-family community called Rancho Canyon. Ryan Turner, David Davidson Jr., Edward Bogel and Collins Meier represented the purchaser, a partnership between SDI & Nexus, in acquiring a portion of the land for the grocery-anchored shopping
MIAMI, Jan. 14, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), 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 February 12, 2025 to holders of record at the close of business on January 29, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes
MIAMI, Jan. 10, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN) ("Lennar") announced that its Board of Directors has declared a dividend and set the date for the previously announced taxable spin-off of approximately 80% of the stock of Millrose Properties, Inc. ("Millrose"). Stuart Miller, Executive Chairman and Co-Chief Executive Officer of Lennar, said, "We are very pleased to announce another milestone towards completing the successful spin-off of Millrose. This spin-off is a significant step in our transition to a land light manufacturing homebuilding model." Lennar expects to distribute to its stockholders one share of Millrose Class A or Class B common stock for each two shares of
2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments)Net earnings of $1.1 billionNew orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billionBacklog of 11,633 homes with a dollar value of $5.4 billionDeliveries decreased 7% to 22,206 homesTotal revenues of $9.9 billionHomebuilding operating earnings of $1.5 billionGross margin on home sales of 22.1%S,G&A expenses as a % of revenues from home sales of 7.2%Net margin on home sales of 14.9%Financial Services operating earnings of $154 millionMultifamily operating loss of $0.2 millionLennar Ot
MIAMI, Dec. 18, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN) ("Lennar"), one of the nation's leading homebuilders, announced that its recently formed subsidiary, Millrose Properties, Inc. ("Millrose"), has filed with the Securities and Exchange Commission a registration statement under the Securities Act of 1933 on Form S-11 relating to a planned spin-off consisting of a contribution by Lennar to Millrose of land and cash and a distribution of Millrose's stock to Lennar's stockholders (the "Spin-Off"). The planned Spin-Off is subject to final approval from the Lennar Board of Directors and other customary conditions. Detailed information about Millrose and the planned Spin-Off is cont
MIAMI, Dec. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter ended November 30, 2024 after the market closes on December 18, 2024. Additionally, the Company will hold a conference call on December 19, 2024 at 11:00 a.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed through Lennar's website at investors.lennar.com. If you are unable to participate during the live webcast, the call will be archived at investors.lennar.com for 90 days. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for a
DALLAS, Dec. 5, 2024 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, today announced plans to equip select Lennar communities in the Austin and Dallas-Fort Worth area with home backup battery systems by Base Power. Through this collaboration, Lennar homeowners will have the opportunity to register for Base's monthly electricity service and receive a complimentary Base backup battery. This will provide outage protection and energy bill savings for the homeowners. Base, a licensed electricity provider in Texas, operates as a Virtual Power Plant: when the grid i
Luxury community infuses 328-home premier apartment homes into Bay Area FREMONT, Calif., Nov. 26, 2024 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated developer, property manager, and asset manager today announced the start of leasing at Leya Apartments, the newest luxury community in California's Bay Area. Leya is a 328-home mid-rise community in the Warm Springs neighborhood of Fremont, a vibrant neighborhood known for its scenic beauty and rich history. Nestled against the foothills, Warm Springs offers a blend of suburb
MIAMI, Nov. 19, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN) announced today that it has entered into a definitive agreement to acquire Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas. Lennar will acquire Rausch Coleman's homebuilding operations, which expects to deliver approximately 5,000 homes with an average sales price of $230,000 in calendar year 2024. In connection with Lennar's land light strategy, Lennar intends to assign the purchase of, and option, all of Rausch Coleman's land assets with a third party. With this acquisition, Lennar will expand its footprint into new markets in Arkansas, Oklahoma, Alabama, Kansas and Missouri while adding to
RBC Capital Mkts upgraded Lennar from Underperform to Sector Perform and set a new price target of $130.00
Wolfe Research downgraded Lennar from Outperform to Peer Perform
BTIG Research downgraded Lennar from Buy to Neutral
Barclays downgraded Lennar from Overweight to Equal Weight and set a new price target of $181.00 from $210.00 previously
Wells Fargo downgraded Lennar from Overweight to Equal Weight and set a new price target of $190.00 from $205.00 previously
Seaport Research Partners downgraded Lennar from Buy to Neutral
Goldman downgraded Lennar from Buy to Neutral and set a new price target of $174.00 from $180.00 previously
Wedbush upgraded Lennar from Underperform to Neutral and set a new price target of $144.00
Raymond James downgraded Lennar from Outperform to Mkt Perform
Citigroup downgraded Lennar from Buy to Neutral and set a new price target of $164.00 from $174.00 previously
Davidson Bogel Real Estate ("DB2RE") is proud to announce its successful representation of Kroger (NYSE:KR) in the acquisition of a 14-acre property in Little Elm, Texas from local investment firm Dollar-Flowers Realty Partners. The 14-acre site, located at US 380 and FM 2931, in one of the fastest-growing communities in North Texas, allows for Kroger to enhance its retail presence and serve the expanding population of Little Elm and surrounding areas with quality grocery offerings. Edward Bogel, Ryan Turner, and David Davidson Jr. of Davidson Bogel represented Kroger in the transaction. Dollar-Flowers was represented internally by Stewart Flowers. Kroger's acquisition follows a recen
MIAMI, Jan. 14, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), 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 February 12, 2025 to holders of record at the close of business on January 29, 2025. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes
MIAMI, Jan. 10, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN) ("Lennar") announced that its Board of Directors has declared a dividend and set the date for the previously announced taxable spin-off of approximately 80% of the stock of Millrose Properties, Inc. ("Millrose"). Stuart Miller, Executive Chairman and Co-Chief Executive Officer of Lennar, said, "We are very pleased to announce another milestone towards completing the successful spin-off of Millrose. This spin-off is a significant step in our transition to a land light manufacturing homebuilding model." Lennar expects to distribute to its stockholders one share of Millrose Class A or Class B common stock for each two shares of
2024 Fourth Quarter Highlights– comparisons to the prior year quarter Net earnings per diluted share of $4.06 ($4.03, excluding mark-to-market gains on technology investments)Net earnings of $1.1 billionNew orders decreased 3% to 16,895 homes; new orders dollar value decreased 1% to $7.2 billionBacklog of 11,633 homes with a dollar value of $5.4 billionDeliveries decreased 7% to 22,206 homesTotal revenues of $9.9 billionHomebuilding operating earnings of $1.5 billionGross margin on home sales of 22.1%S,G&A expenses as a % of revenues from home sales of 7.2%Net margin on home sales of 14.9%Financial Services operating earnings of $154 millionMultifamily operating loss of $0.2 millionLennar Ot
MIAMI, Dec. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the fourth quarter ended November 30, 2024 after the market closes on December 18, 2024. Additionally, the Company will hold a conference call on December 19, 2024 at 11:00 a.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed through Lennar's website at investors.lennar.com. If you are unable to participate during the live webcast, the call will be archived at investors.lennar.com for 90 days. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for a
MIAMI, Sept. 25, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), 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 October 24, 2024 to holders of record at the close of business on October 9, 2024. About LennarLennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes an
Third Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 10% to $4.26$3.90, excluding mark-to-market gains on technology investments and one-time items in the Company's Multifamily segmentNet earnings increased 5% to $1.2 billionNew orders increased 5% to 20,587 homesBacklog of 16,944 homes with a dollar value of $7.7 billionDeliveries increased 16% to 21,516 homesTotal revenues of $9.4 billionHomebuilding operating earnings of $1.5 billionGross margin on home sales of 22.5%S,G&A expenses as a % of revenues from home sales of 6.7%Net margin on home sales of 15.8%Financial Services operating earnings of $144 millionMultifamily operating ea
MIAMI, Sept. 5, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the third quarter ended August 31, 2024 after the market closes on September 19, 2024. Additionally, the Company will hold a conference call on September 20, 2024 at 11:00 a.m. Eastern Time. The call will be broadcast live on the Internet and can be accessed through Lennar's website at investors.lennar.com. If you are unable to participate during the live webcast, the call will be archived at investors.lennar.com for 90 days. Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for a
MIAMI, June 20, 2024 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), 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 July 19, 2024 to holders of record at the close of business on July 5, 2024. About Lennar Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, th
Second Quarter 2024 Highlights - comparisons to the prior year quarter Net earnings per diluted share increased 15% to $3.45$3.38, excluding mark-to-market losses on technology investments and one-time gain on sale of a technology investmentNet earnings increased 9% to $954 millionNew orders increased 19% to 21,293 homesBacklog of 17,873 homes with a dollar value of $8.2 billionDeliveries increased 15% to 19,690 homesTotal revenues of $8.8 billionHomebuilding operating earnings of $1.3 billionGross margin on home sales of 22.6%S,G&A expenses as a % of revenues from home sales of 7.5%Net margin on home sales of 15.1%Financial Services operating earnings of $146 millionMultifamily operating lo
Ferguson Enterprises Inc. (the "Company") today announces that it will hold its first annual meeting of stockholders (the "Annual Meeting") on December 5, 2024 as the successor registrant of Ferguson plc, subject to the consummation of the Merger (as defined below), and announces the appointment of Rekha Agrawal and Richard ("Rick") Beckwitt to the Company's board as non-employee directors ("NEDs"). "We are delighted to welcome Rekha and Rick to the Board," said Geoff Drabble, Board Chair of Ferguson Enterprises Inc. "They bring significant operational and leadership experience, creating value for large publicly listed companies operating in the U.S. Their industry knowledge and experienc
Invitation Homes will manage the 4,400 homes in the portfolio that are within its core markets and invest in the joint venture Invitation Homes Inc. (NYSE:INVH), the nation's premier single-family home leasing and management company, announced today that it has entered into a joint venture with Quarterra Group Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN), Centerbridge Partners, L.P., and other high quality institutional investors. As part of their agreement, Invitation Homes has acquired a minority equity interest in a portfolio of single-family homes for lease that are part of the Upward America joint venture. Upward America has selected Invitation Homes to provide ma
MIAMI, July 14, 2023 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's leading homebuilders, announced today that after 17 years with Lennar, Rick Beckwitt has decided to retire as a Co-CEO and Co-President and resign as a member of the Board of Directors of the Company. Mr. Beckwitt joined Lennar in March 2006 as Executive Vice President. He was a member of the executive team and worked diligently to weather the collapse of the housing and finance industries during the Great Recession of 2008. Through teamwork and dedication, Lennar was able to stabilize and fortify its foundation, setting the stage for growth and productivity. By April 2018, Mr. Beckwitt became Chief Execu
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