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Lennar Corp. - LEN STOCK NEWS

Welcome to our dedicated news page for Lennar (Ticker: LEN), a resource for investors and traders seeking the latest updates and insights on Lennar.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Lennar's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Lennar's position in the market.

News
Lennar Corporation Declares Quarterly Dividends
Rhea-AI Summary
Lennar (LEN) declares a $0.50 quarterly cash dividend for Class A and Class B common stock, payable on May 8, 2024, to holders of record on April 24, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.94%
Tags
dividends
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News
Quarterra Multifamily Announces the Start of Leasing at Emblem Conyers Apartments
Rhea-AI Summary
Quarterra Multifamily, a subsidiary of Lennar , in partnership with Nuveen, announced the start of leasing at Emblem Conyers, a 264-home garden-style community in Conyers, Georgia. The community aims to address the shortage of attainable housing for middle-income renters, offering resort-style amenities, designer homes, and an ideal location within the Atlanta Metro Area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.18%
Tags
none
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News
Quarterra Multifamily Announces the Continued Growth of its Emblem Communities Development Program
Rhea-AI Summary
Quarterra Multifamily, a subsidiary of Lennar , announces the success of its Emblem program aimed at providing attainable housing options for middle-income renters. The program has delivered 7 communities with 2 more under construction, addressing the national shortage of Class A housing for middle-income residents.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.07%
Tags
none
News
Lennar Reports First Quarter 2024 Results
Rhea-AI Summary
Lennar Corporation reports strong first-quarter results in 2024 with significant increases in net earnings, new orders, deliveries, and total revenues. The company's focus on production and sales pace, along with strategic pricing and incentives, has led to positive growth despite challenges in the housing market. Lennar has also made substantial investments in stock repurchases, dividend increases, and balance sheet fortification.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.64%
Tags
earnings
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News
LENNAR CORPORATION'S FIRST QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
Rhea-AI Summary
Lennar Corporation (NYSE: LEN) announced the release of first-quarter earnings on February 29, 2024, with a conference call scheduled for March 14, 2024. The company, founded in 1954, is a prominent homebuilder offering affordable housing solutions and financial services.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.87%
Tags
earnings
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News
LENNAR BEGINS SALES AT STONEGATE PRESERVE, NEW AMENITY-RICH MASTER-PLANNED COMMUNITYIN PALMETTO, FLORIDA
Rhea-AI Summary
Lennar is now selling at Stonegate Preserve, a new single-family home master-planned community in Palmetto, Florida. The community will feature almost 800 homes with a wide range of designs and amenities. Lennar is offering fifteen floorplans across three unique home collections, with homes ranging from 2,189 to 3,868 square feet. Stonegate Preserve features open-concept floorplans, large living areas, spacious kitchens, comfortable bedrooms, and lavish owner's suites. Pricing begins in the mid $400,000s.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Quarterra Multifamily Announces the Start of Leasing at Kindred Apartments
Rhea-AI Summary
Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily apartment builder, developer, and property manager, announced the start of leasing at Kindred Apartment Homes, their second community in Denver's historic Golden Triangle neighborhood. Kindred is a 224-home high-rise community in the heart of Denver, featuring modern amenities, smart home features, and proximity to cultural and entertainment venues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
none
-
News
Lennar Corporation Increases Annual Dividend to $2.00 Per Share and Share Repurchase Authorization by $5 billion
Rhea-AI Summary
Lennar Corporation (NYSE: LEN and LEN.B) has announced an increase in its annual dividend to $2.00 per share from $1.50 per share, resulting in a quarterly cash dividend of $0.50 per share for both Class A and Class B common stock. The dividend is payable on February 7, 2024, to holders of record at the close of business on January 24, 2024. Additionally, Lennar's Board of Directors has authorized an increase to the Company's stock repurchase program to enable the repurchase of up to an additional $5 billion in value of its outstanding Class A or Class B common stock. The repurchase authorization has no expiration date. Stuart Miller, Executive Chairman and Co-Chief Executive Officer of Lennar, stated that the company's strong balance sheet and cash position, along with its operating strategy driving cash flow, have led to a focus on maximizing total shareholder returns, resulting in the decision to increase both the dividend and the share repurchase authorization.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.5%
Tags
buyback dividends
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News
LENNAR GROWS NEW YORK PRESENCE WITH ACQUISITION OF 1,273 HOMESITES IN TUXEDO RESERVE MASTER-PLANNED COMMUNITY
Rhea-AI Summary
Lennar (LEN) proudly announces the acquisition of nine neighborhoods totaling 1,273 homesites in the Tuxedo Reserve (formerly known as Tuxedo Farms) master-planned community located in Tuxedo, New York from Related Companies. Lennar will offer a variety of townhomes, stacked townhomes, single-family, and Active Adult neighborhoods, with a grand opening planned for the second half of 2024. The acquisition aims to expand Lennar's presence in the New York market and bring design expertise and innovation to this one-of-a-kind location, offering a small town feel with convenient commutable access to New York City and Northern New Jersey. The master-planned community will feature exciting amenities including hiking and biking trails, sports courts, and a clubhouse.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.34%
Tags
acquisition
News
Lennar Reports Fourth Quarter and Fiscal 2023 Results
Rhea-AI Summary
Lennar Corporation (NYSE: LEN and LEN.B) reported net earnings of $1.4 billion ($1.5 billion excluding adjustments) in Q4 2023 and $3.9 billion ($4.1 billion excluding adjustments) for the fiscal year 2023. New orders increased 32% to 17,366 homes, with a dollar value of $7.3 billion. Deliveries increased 19% to 23,795 homes. Total revenues were $11.0 billion in Q4 2023 and $34.2 billion for the fiscal year 2023. Homebuilding operating earnings were $1.9 billion, and Financial Services operating earnings were $168 million. Lennar's homebuilding debt to total capital improved to 9.6%, and the company repurchased $110 million aggregate principal amount of senior notes due in April 2024 and November 2027.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
Tags
earnings
Stock LEN logo
Lennar Corp.

NYSE:LEN

LEN Rankings

#285 Ranked by Market Cap
#687 Ranked by Stock Gains
#1702 Ranked by Dividends

LEN Stock Data

43.99B
247.99M
2.59%
95.2%
1.36%
New Housing For-Sale Builders
Construction
Link
US
Miami

About LEN

one of the nation's leading homebuilders providing homes for first-time, move-up, luxury, urban and active adult buyers. lennar was founded in 1954 in miami, florida and currently builds in 19 states and more than 44 markets across the nation. lennar also provides financial services to our buyers through eagle home mortgage and north american title. lennar operates based on our founding principles of quality, value and integrity. we have also just relaunched our everything's included homes across the nation. please be sure to also check out the lennar associates and business partners group on linkedin as well.