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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.

Rhea-AI Summary
Lennar Corporation (NYSE: LEN and LEN.B) will release Q4 2023 earnings on December 14, 2023, with a conference call on December 15, 2023. Founded in 1954, Lennar is a leading homebuilder offering affordable, move-up, and active adult homes, as well as mortgage financing and multifamily rental properties.
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Lennar announces debut of new model homes at Acadia Pointe community in Central Oregon, offering visitors the opportunity to experience the flowing space and thoughtful design of Lennar homes. Acadia Pointe offers limited opportunity to own a quality new Lennar home in a desirable town. Lennar's Acadia Pointe homes range from 3 to 4 bedrooms and include Lennar's signature Everything's Included program. Next Gen floorplans provide a main home plus an attached private suite. Central Oregon offers year-round recreational activities. Acadia Pointe is just 10 minutes from the popular Old Mill District.
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0.68%
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Lennar Corporation declares quarterly cash dividend of $0.375 per share for Class A and Class B common stock.
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2.24%
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Lennar Corporation announces appointment of Dacona Smith to its Board of Directors, bringing expertise in operational efficiency and leadership from Walmart.
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-2.92%
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Lennar Corporation reports Q3 net earnings of $1.1 billion, with diluted earnings per share of $3.87 excluding mark-to-market losses. Deliveries increased 8% to 18,559 homes. New orders increased 37% to 19,666 homes with a dollar value of $8.6 billion. Backlog of 21,321 homes with a dollar value of $9.9 billion. Total revenues of $8.7 billion. Homebuilding operating earnings of $1.5 billion. Gross margin on home sales of 24.4%. Financial Services operating earnings of $148 million. Multifamily operating loss of $9 million. Lennar Other operating loss of $26 million. Homebuilding debt to total capital of 11.5%. Redeemed $425 million of 5.875% homebuilding senior notes due November 2024. Repurchased $50 million aggregate principal amount of senior notes due in fiscal year 2024. Repurchased 3 million shares of Lennar common stock for $366 million.
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-2.5%
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Rhea-AI Summary
Quarterra Multifamily and QuadReal Property Group have announced key milestones at two luxury communities in the Marymoor submarket of Redmond. Spectra, a luxury mixed-use community, opened its third and final phase with delivery of the 187-home West Building. The Piper, a 284-home luxury community, reached the topping out point in its construction. Both communities aim to provide high-quality housing and amenities in the burgeoning Marymoor Village.
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0.97%
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Lennar Corporation to release Q3 earnings on September 14, 2023 and hold conference call on September 15, 2023.
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End-of-Day
1.93%
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Lennar Corporation has announced the election of Serena Wolfe to its Board of Directors, effective September 2, 2023. Ms. Wolfe, currently the Chief Financial Officer of Annaly Capital Management, brings nearly 25 years of experience in accounting, with a focus on real estate and financial services sectors. She is also a director and Chair of the Audit Committee at Doma Holdings, Inc.
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2.39%
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Quarterra Multifamily (Lennar Corporation) Announces Leasing Start for Winslow, a Bohemian Mid-Rise Community in San Diego's University Heights Neighborhood
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1.4%
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Lennar Corp.

NYSE:LEN

LEN Rankings

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.