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Last $760.10 MXN
Change Today +11.40 / 1.52%
Volume 177.0
LEN* On Other Exchanges
Symbol
Exchange
New York
New York
Mexico
Frankfurt
As of 4:10 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

lennar corp-a (LEN*) Snapshot

Open
$760.10
Previous Close
$748.70
Day High
$760.10
Day Low
$760.10
52 Week High
03/13/15 - $765.15
52 Week Low
04/23/14 - $496.50
Market Cap
152.8B
Average Volume 10 Days
1.0K
EPS TTM
--
Shares Outstanding
173.9M
EX-Date
01/27/15
P/E TM
--
Dividend
$0.15
Dividend Yield
0.29%
Current Stock Chart for LENNAR CORP-A (LEN*)

lennar corp-a (LEN*) Details

Lennar Corporation, together with its subsidiaries, engages in the homebuilding activities in the United States. The company operates through Homebuilding East, Homebuilding Central, Homebuilding West, Homebuilding Southeast Florida, Homebuilding Houston, Financial Services, Rialto, and Lennar Multifamily segments. Its homebuilding activities primarily include the construction and sale of single-family attached and detached homes to first-time, move-up, and active adult homebuyers, as well as the purchase, development, and sale of residential land. The company also offers real estate related financial services, including mortgage financing, title insurance, and closing services for home buyers and others. In addition, it is involved in raising, investing, and managing third party capital; originating and securitizing commercial mortgage loans, as well as investing in real estate related mortgage loans, properties, and related securities. Further, the company develops multifamily rental properties. Lennar Corporation was founded in 1954 and is based in Miami, Florida.

6,825 Employees
Last Reported Date: 01/23/15
Founded in 1954

lennar corp-a (LEN*) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $800.0K
Chief Financial Officer and Vice President
Total Annual Compensation: $779.9K
Chief Operating Officer and Vice President
Total Annual Compensation: $800.0K
General Counsel and Secretary
Total Annual Compensation: $541.5K
Compensation as of Fiscal Year 2014.

lennar corp-a (LEN*) Key Developments

Lennar Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended February 28, 2015

Lennar Corp. reported unaudited consolidated earnings results for the first quarter ended February 28, 2015. For the quarter, the company's net earnings attributable to the company were $115.0 million, or $0.50 per diluted share, compared to first quarter net earnings attributable to the company in 2014 of $78.1 million, or $0.35 per diluted share. Total revenues were $1,644.1 million compared with $1,363.1 million a year ago. Revenues were higher primarily due to a 20% increase in the number of home deliveries, excluding unconsolidated entities, and a 3% increase in the average sales price of homes delivered. Earnings before income taxes were $176.6 million compared with $125.9 million a year ago. EBIT was $212.7 million compared with $165.0 million a year ago.

Fremont Approves Lennar Project in Warm Springs District

Lennar Corp. announced that a huge development in the warm springs district will finish its first phase in 2017, now that council members have approved the mixed-use project. The company said that it will add 2,214 housing units, a new elementary school and 1.4 million square feet of offices next to the Tesla factory and Warm Springs/South Fremont BART station, set to open later the year 2015. The company said that it will start by spending $35 million on the project's infrastructure, including Innovation Way, a road that will cut through the heart of the property. The company will build 1,256 rental housing units and 958 for-sale homes on property bounded by the Tesla factory, Lopes Court, and South Grimmer and Fremont boulevards. About 13.4% of the residences will be affordable housing, a 0.5% increase from the most recent proposal. The first phase also will include ‘backbone improvements’ such as adding utilities and grading the entire area. The second phase, scheduled to finish in 2022, will build more rental and for-sale apartments, a 5-acre elementary school and a 4-acre park that the school district will share with community members. The final phases, which will build the final set of residences, are slated to finish by 2026. The City Council on March 17, 2015 approved Lennar's proposal by a 4-1 margin. In casting the dissenting vote, Councilman Vinnie Bacon said he was disappointed that the parcels set aside for office space will be empty after the first phase.

Lennar Introduces First New Home Community for Lease at Frontera in Sparks

Lennar announced that they will be offering new homes for lease in Sparks at Frontera at Pioneer Meadows. Built on the same reputation for excellent homes of quality and value, customers are now able to benefit from Lennar's superior homes and experience a convenient rental lifestyle. The company will be grand opening their new community for lease at Frontera in Pioneer Meadows on March 14, 2015. Frontera offers 80 new single-family homes for lease offering six unique floorplans to choose from ranging from approximately 1,210 to 2,182 square feet of living space and two to four bedrooms plus private yards. Residents will benefit from brand new upgrades including front and backyard landscaping, gourmet stainless steel appliances with refrigerator and microwave, upgraded flooring, granite countertops, wood-style blinds, washer/dryer and attached two-bay garages. In addition, residents will enjoy great amenities such as Class 1 bike path, Golden Eagle Sports Complex, regional and community trails and a pet-friendly neighborhood. Also nearby are excellent schools as a part of Washoe County School District.

 

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Industry Analysis

LEN*

Industry Average

Valuation LEN* Industry Range
Price/Earnings 16.9x
Price/Sales 1.2x
Price/Book 2.1x
Price/Cash Flow 12.7x
TEV/Sales 0.1x
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