27-Mar-2024
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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 27, 2024, LEN stock price climbed to $168.50 with 1,200,955 million shares trading.
LEN has a beta of 1.66, meaning it tends to be more sensitive to market movements. LEN has a correlation of 0.46 to the broad based SPY ETF.
LEN has a market cap of $47.32 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 $168.61 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 return of +64.0%, while the SPY ETF gained +33.9%. In the last 3 month period, LEN beat the market returning +14.0%, while SPY returned +10.3%. However, in the most recent 2 weeks LEN has underperformed the stock market by returning +1.5%, while SPY returned +1.5%.
LEN support price is $163.10 and resistance is $168.02 (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.