Lennar Corporation Stock Price, News & Analysis

Lennar Corporation (NYSE: LEN and LEN.B) has declared a quarterly cash dividend of $0.25 per share for both Class A and Class B common stock. This dividend is payable on October 28, 2021 to shareholders on record as of October 14, 2021. Founded in 1954, Lennar is a leading homebuilder in the U.S., offering affordable and quality homes across various segments. The company's financial services and multifamily development initiatives further support its growth in the housing market.

Lennar reported a robust third quarter for 2021, with net earnings of $1.4 billion, or $4.52 per diluted share, doubling from $666.4 million in 2020. Home deliveries increased by 10% to 15,199 homes, and new orders rose 5% to 16,277 homes, valuing $7.5 billion. Revenues hit $6.9 billion, an 18% increase. The gross margin on home sales reached a record 27.3%, driven by a 14% revenue increase per square foot. Despite supply chain challenges, the company ended the quarter with $2.6 billion in cash, no debt, and an upgraded investment-grade rating.

Lennar Corporation (NYSE: LEN and LEN.B) will report its third-quarter earnings after the market closes on September 20, 2021. The results will cover the period ending August 31, 2021. A conference call is scheduled for September 21, 2021, at 11:00 a.m. Eastern Time, which will be accessible live through Lennar's website. The company, founded in 1954, is a leading homebuilder known for constructing affordable homes and providing financial services. More details can be found on their official website.

Lennar Corporation (NYSE: LEN, LEN.B) announces that Jeff Roos, Regional President of its Western Region, is inducted into the California Homebuilding Foundation's (CHF) Hall of Fame. This honor recognizes individuals for outstanding contributions to the homebuilding industry. With over 35 years in the sector, Roos has been pivotal in Lennar's growth since 1996, including founding the Lennar Charitable Housing Foundation. The 36th annual Hall of Fame gala will be hosted virtually on June 24, 2021, to celebrate industry leaders dedicated to workforce education.

Lennar Corporation (NYSE: LEN, LEN.B) has declared a quarterly cash dividend of $0.25 per share for both Class A and Class B common stock. This dividend is payable on July 19, 2021 to shareholders on record as of July 2, 2021. With a focus on building affordable homes, Lennar offers a range of housing options and supports finance through its Financial Services segment. The company continues to be a leader in the homebuilding industry, enhancing its offerings through technology and strategic investments.

Lennar Corporation reported strong second quarter results for 2021, with net earnings of $831.4 million, or $2.65 per diluted share, reflecting a 61% increase year-over-year. Excluding non-operational gains/losses, earnings rose to $923.6 million, or $2.95 per share. New orders reached 17,157, a 32% increase, and backlog homes rose 38% to 24,741. The company achieved a gross margin of 26.1%, the highest in its history. With $2.6 billion in cash and no debt, Lennar's outlook remains positive for the rest of the year.

Lennar Corporation (NYSE: LEN and LEN.B) announced the release of its second-quarter earnings results for the period ending May 31, 2021, scheduled for June 16, 2021, after market close. A conference call to discuss the earnings will occur on June 17, 2021, at 10:30 a.m. Eastern Time. Interested parties can listen live on the company's website, with an archived version available for 90 days post-event. Lennar continues to be a significant player in the homebuilding sector, offering affordable housing and financial services.

Lennar Corporation (NYSE: LEN and LEN.B) has declared a quarterly cash dividend of $0.25 per share for both Class A and Class B common stock. The dividend will be payable on May 5, 2021, to shareholders of record as of the close of business on April 21, 2021. This announcement underscores Lennar's commitment to returning value to shareholders while continuing to build quality homes across the U.S. and engaging in various financial services.

Upward America, a venture by Lennar Corporation (NYSE: LEN, LEN.B), has appointed RESICAP as its primary property management partner. This partnership aims to manage over $4 billion in build-to-rent homes across various markets. RESICAP, recognized for its extensive experience in handling single-family rental assets, will oversee leasing and management through its division, ResiHome, which has managed over 23,000 homes. The collaboration is expected to leverage Lennar's high-quality housing and RESICAP's operational expertise for rapid growth in the single-family rental market.