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 |
|---|---|---|---|
| 3/24/2025 | $159.00 → $131.00 | Outperform → In-line | Evercore ISI |
| 3/11/2025 | $152.00 → $141.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 3/6/2025 | $154.00 | Neutral → Buy | Seaport Research Partners |
| 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 |
4 - LENNAR CORP /NEW/ (0000920760) (Issuer)
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4 - LENNAR CORP /NEW/ (0000920760) (Issuer)
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JACKSONVILLE, Fla., July 10, 2025 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, today announced the grand opening of the new amenity center at Seaton Creek, a master-planned community of single-family homes. Interested homebuyers and community residents are invited to a grand opening celebration during the Seaton Creek Carnival on Saturday, July 12, from 11 a.m. to 3 p.m. at 15561 Seaton Creek Drive, Jacksonville, FL 32218. The Seaton Creek Carnival will be a fun-filled, family-friendly event featuring bounce houses, carnival games, live DJ entertainment, b
DALLAS, July 10, 2025 /PRNewswire/ -- Title Resources Group (TRG), one of the nation's leading title insurance underwriters, is pleased to add Michael Campbell as Vice President, Underwriting Counsel for Michigan. Campbell will provide underwriting support and guidance to TRG's independent and affiliated title agents and escrow officers throughout Michigan and the broader Midwest, expanding the company's footprint in the region. "Michael's diverse title agency and underwriting background in high-volume and boutique shops gives him the broad experience needed to solve title pro
- Kevin Wall to be Appointed Chief Executive Officer -- J. Scott McCall to be Appointed Vice Chairman of the Board of Directors - DALLAS, July 3, 2025 /PRNewswire/ -- Title Resources Group (TRG), the nation's fifth largest title insurance underwriter, announced today the appointment of 30-year industry veteran Kevin Wall as Chief Executive Officer and member of the Board of Directors. Concurrently, J. Scott McCall, the company's current Chief Executive Officer, will assume the position of Vice Chairman of the Board of Directors. Both executive leadership changes will be effective as of July 28, 2025.
324-home community offers attainable, elevated living in Suburban Atlanta ATLANTA, July 1, 2025 /PRNewswire/ -- Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, today announced the start of leasing at Emblem Mill Road, an attainably priced community located in McDonough, Georgia, southeast of Atlanta. The management of Emblem Mill Road will fall under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group and RKW Residential, the property management arm for Alfred. Emblem
Community to Offer 396 Apartment Homes in the Boston Suburb of Everett EVERETT, Mass., June 26, 2025 /PRNewswire/ -- Quarterra Group, a subsidiary of Lennar Corporation and a real estate investment and development firm, today announced the start of leasing at Artemas, a mid-rise apartment community in Everett, Massachusetts, just four miles north of Downtown Boston. The management of Artemas falls under the recent merger agreement between Quarterra Living, the property management division of Quarterra Group, and RKW Residential, the property management arm for Alfred. Artemas
DALLAS, June 25, 2025 /PRNewswire/ -- Title Resources Group (TRG), one of the nation's leading title insurance underwriters, is pleased to welcome Natasha Branch as Vice President, Education and Underwriting Counsel for North Carolina. Natasha will provide underwriting support and guidance to independent and affiliated title agents throughout North Carolina and the broader Southeast, expanding TRG's footprint in the state. "Natasha's depth of knowledge and experience in doing real estate transactions of every size over the course of her career will provide strong support for o
MIAMI, June 19, 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 July 18, 2025 to holders of record at the close of business on July 3, 2025. 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 and, thro
Second Quarter 2025 Highlights - comparisons to the prior year quarter Net earnings per diluted share of $1.81 ($1.90 excluding mark-to-market losses on technology investments)Net earnings of $477 millionNew orders increased 6% to 22,601 homesBacklog of 15,538 homes with a dollar value of $6.5 billionDeliveries increased 2% to 20,131 homesTotal revenues of $8.4 billionHomebuilding operating earnings of $728 millionGross margin on home sales of 17.8% (18.0% excluding purchase accounting)SG&A expenses as a % of revenues from home sales of 8.8%Net margin on home sales of 8.9% (9.2% excluding purchase accounting)Financial Services operating earnings of $157 millionMultifamily operating loss of $
WESLEY CHAPEL, Fla., June 5, 2025 /PRNewswire/ -- Lennar, one of the nation's leading homebuilders, is now selling at The Townes at Arbors at Wiregrass, a new community of luxury townhomes in Wesley Chapel, FL. Offering three unique floorplans in a desirable location, The Townes at Arbors at Wiregrass is the ideal community for buyers looking for peaceful yet connected living in the Tampa area. "The Townes at Arbors at Wiregrass represents a new standard in luxury townhome living, offering spacious and desirable townhomes in Wesley Chapel," said Brian Batten, Division Preside
MIAMI, June 3, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter ended May 31, 2025 after the market closes on June 16, 2025. Additionally, the Company will host a conference call on June 17, 2025 at 11:00 a.m. Eastern Time. The call will be broadcast live 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 all generations. Lennar builds
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Evercore ISI downgraded Lennar from Outperform to In-line and set a new price target of $131.00 from $159.00 previously
Keefe Bruyette downgraded Lennar from Outperform to Mkt Perform and set a new price target of $141.00 from $152.00 previously
Seaport Research Partners upgraded Lennar from Neutral to Buy and set a new price target of $154.00
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
MIAMI, June 19, 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 July 18, 2025 to holders of record at the close of business on July 3, 2025. 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 and, thro
Second Quarter 2025 Highlights - comparisons to the prior year quarter Net earnings per diluted share of $1.81 ($1.90 excluding mark-to-market losses on technology investments)Net earnings of $477 millionNew orders increased 6% to 22,601 homesBacklog of 15,538 homes with a dollar value of $6.5 billionDeliveries increased 2% to 20,131 homesTotal revenues of $8.4 billionHomebuilding operating earnings of $728 millionGross margin on home sales of 17.8% (18.0% excluding purchase accounting)SG&A expenses as a % of revenues from home sales of 8.8%Net margin on home sales of 8.9% (9.2% excluding purchase accounting)Financial Services operating earnings of $157 millionMultifamily operating loss of $
MIAMI, June 3, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the second quarter ended May 31, 2025 after the market closes on June 16, 2025. Additionally, the Company will host a conference call on June 17, 2025 at 11:00 a.m. Eastern Time. The call will be broadcast live 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 all generations. Lennar builds
MIAMI, April 9, 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 May 7, 2025 to holders of record at the close of business on April 23, 2025. 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 and, thro
MIAMI, March 6, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN), one of the nation's largest homebuilders, announced today that the Company will release earnings for the first quarter ended February 28, 2025 after the market closes on March 20, 2025. Additionally, the Company will hold a conference call on March 21, 2025 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 all gen
MIAMI, Feb. 10, 2025 /PRNewswire/ -- Lennar Corporation (NYSE:LEN, ", Lennar", )) announced today the completion of the previously announced acquisition of Rausch Coleman Homes, a residential homebuilder based in Fayetteville, Arkansas ("Rausch Coleman"). Lennar acquired Rausch Coleman's homebuilding operations, which delivered approximately 5,300 homes with an average sales price of about $230,000 in calendar year 2024. Millrose Properties, Inc. (NYSE:MRP, ", Millrose", )), a recently spun-off subsidiary of Lennar, acquired Rausch Coleman's land assets and Lennar has options on the land. With this acquisition, Lennar has expanded its footprint into new markets in Arkansas (Bentonville/Faye
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
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DALLAS, July 10, 2025 /PRNewswire/ -- Title Resources Group (TRG), one of the nation's leading title insurance underwriters, is pleased to add Michael Campbell as Vice President, Underwriting Counsel for Michigan. Campbell will provide underwriting support and guidance to TRG's independent and affiliated title agents and escrow officers throughout Michigan and the broader Midwest, expanding the company's footprint in the region. "Michael's diverse title agency and underwriting background in high-volume and boutique shops gives him the broad experience needed to solve title pro
- Kevin Wall to be Appointed Chief Executive Officer -- J. Scott McCall to be Appointed Vice Chairman of the Board of Directors - DALLAS, July 3, 2025 /PRNewswire/ -- Title Resources Group (TRG), the nation's fifth largest title insurance underwriter, announced today the appointment of 30-year industry veteran Kevin Wall as Chief Executive Officer and member of the Board of Directors. Concurrently, J. Scott McCall, the company's current Chief Executive Officer, will assume the position of Vice Chairman of the Board of Directors. Both executive leadership changes will be effective as of July 28, 2025.
DALLAS, June 25, 2025 /PRNewswire/ -- Title Resources Group (TRG), one of the nation's leading title insurance underwriters, is pleased to welcome Natasha Branch as Vice President, Education and Underwriting Counsel for North Carolina. Natasha will provide underwriting support and guidance to independent and affiliated title agents throughout North Carolina and the broader Southeast, expanding TRG's footprint in the state. "Natasha's depth of knowledge and experience in doing real estate transactions of every size over the course of her career will provide strong support for o
NEW YORK, Feb. 5, 2025 /PRNewswire/ -- Millrose Properties Inc. (NYSE:MRP) will replace Ironwood Pharmaceuticals Inc. (NASD: IRWD) in the S&P SmallCap 600 effective prior to the opening of trading on Monday, February 10. S&P 500 constituent Lennar Corp (NYSE:LEN) is spinning off Millrose Properties in a transaction expected to be completed on Friday, February 7. Following the spin-off, Lennar will remain in the S&P 500, and Millrose Properties, which is more representative of the small cap market space, will be added to the S&P SmallCap 600. Ironwood Pharmaceuticals is no longer representative of the small-cap market space. Following is a summary of the changes that will take place prior to
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