28-Mar-2024
$100 Invested In Lennar 10 Years Ago Would Be Worth This Much Today
Benzinga (Thu, 28-Mar 3:30 PM ET)
Mortgage rates marginally down
Seeking Alpha News (Thu, 28-Mar 12:18 PM ET)
Quarterra Multifamily Announces the Continued Growth of its Emblem Communities Development Program
PRNewswire (Thu, 28-Mar 10:16 AM ET)
Lennar Reports First Quarter 2024 Results
PRNewswire (Wed, 13-Mar 4:30 PM ET)
LENNAR CORPORATION'S FIRST QUARTER EARNINGS CONFERENCE CALL TO BE BROADCAST LIVE ON THE INTERNET
PRNewswire (Thu, 29-Feb 4:30 PM ET)
PRNewswire (Fri, 2-Feb 5:27 PM ET)
Quarterra Multifamily Announces the Start of Leasing at Kindred Apartments
PRNewswire (Thu, 11-Jan 1:40 PM ET)
PRNewswire (Tue, 9-Jan 5:30 PM ET)
Lennar is one of the largest public homebuilders in the United States. The company's homebuilding operations target first-time, move-up, and active adult homebuyers mainly under the Lennar brand name. Lennar's financial-services segment provides mortgage financing and related services to its homebuyers. Miami-based Lennar is also involved in multifamily and single-family for rent construction and has invested in numerous housing-related technology startups.
Lennar Class A trades on the NYSE stock market under the symbol LEN.
As of March 28, 2024, LEN stock price climbed to $171.98 with 1,917,532 million shares trading.
LEN has a beta of 1.65, meaning it tends to be more sensitive to market movements. LEN has a correlation of 0.45 to the broad based SPY ETF.
LEN has a market cap of $48.30 billion. This is considered a Large Cap stock.
Last quarter Lennar Class A reported $7 billion in Revenue and $2.57 earnings per share. This fell short of revenue expectation by $-77 million and exceeded earnings estimates by $.37.
In the last 3 years, LEN stock traded as high as $172.59 and as low as $62.54.
The top ETF exchange traded funds that LEN belongs to (by Net Assets): VTI, VOO, VO, SPY, COWZ.
LEN has outperformed the market in the last year with a price return of +69.9% while the SPY ETF gained +33.6%. LEN has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +15.5% and +3.9%, respectively, while the SPY returned +10.1% and +1.7%, respectively.
LEN support price is $165.97 and resistance is $171.03 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that LEN stock will trade within this expected range on the day.