Lennar Corp. (LEN) Declares $0.04 Quarterly Dividend; 0.4% Yield

Lennar Corp. (LEN) Announces Up to $1B Share Buyback Authorization

January 11, 2019 5:51 AM EST

Lennar Corporation (NYSE: LEN ) announced that its Board of Directors authorized the Company to repurchase from time to time up to $1 billion in value, or 25,000,000 in shares, of the Company's outstanding Class A or Class B common stock. The repurchase authorization has no expiration date. The purpose of the... More

Lennar (LEN) PT Lowered to $53 at RBC Capital

January 10, 2019 6:53 AM EST

RBC Capital analyst Mike Dahl lowered the price target on Lennar (NYSE: LEN) to $53.00 (from $58.00) while maintaining a Outperform rating.

... More

Lennar sees housing demand rebounding, shares up nearly 10 percent

January 9, 2019 11:24 AM EST

By Ankit Ajmera

(Reuters) - Lennar Corp (NYSE: LEN) said on Wednesday it was seeing an improvement in home sales in its new fiscal year as mortgage rates start to ease and posted earnings ahead of expectations, allaying concerns of a slowdown in the broader U.S. housing market.

The company's shares reversed course to trade up nearly 10 percent following the comments. They were earlier marginally down after the company reported lower-than-expected home sales and orders for the fourth quarter.

U.S. 30-year mortgage rates have fallen over the past... More

Housing Stocks See Bid on Lennar Comments

January 9, 2019 11:15 AM EST

Housing stocks are perking up mid-day amid comments from Lennar Corp. (NYSE: LEN) Chairman Miller said traffic has picked up as rates have dropped.

Related:

KB Home (NYSE: KBH)
Toll Brothers (NYSE: TOL)
D. R. Horton (NYSE: DHI)
Hovnanian Enterprises (NYSE: HOV)
PulteGroup (NYSE: PHM)

... More

Lennar Corp. (LEN) Chairman Miller said traffic has picked up as rates have dropped

January 9, 2019 11:14 AM EST

On its call, Lennar Corp. (NYSE: LEN) Chairman Miller said traffic has picked up as rates have dropped.

... More

Lennar's (LEN) Miller: Traffic Has Picked Up as Rates Have Dropped - Bloomberg

January 9, 2019 11:14 AM EST

Lennar's (NYSE: LEN) Miller: Traffic Has Picked Up as Rates Have Dropped - Bloomberg

... More

Lennar Corp. (LEN) Reports In-Line Q4 EPS, Revenues Miss; 'Deferring Guidance for FY19 Until Markets Further Define Themselves'

January 9, 2019 6:04 AM EST

Lennar Corp. (NYSE: LEN) reported Q4 EPS of $1.96, in-line with the analyst estimate of $1.96. Revenue for the quarter came in at $6.46 billion versus the consensus estimate of $6.55 billion.

Net earnings of $796.1 million, or $2.42 per diluted share, compared to $309.6 million, or $1.29 per diluted share, which includes the following:$0.58 per diluted share related to the gain on sale of Rialto investment and asset management platform,... More