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Lennar (LEN) Company Profile

Updated Apr 18, 2019
Lennar has the following business profile:
Company's Full Name:Lennar Corp.
Short Name:Lennar
Trading Ticker Symbol:LEN
Primary Exchange:NYSE
Headquarter City/Country:Miami, Florida
Primary Industry Sector:Basic Industries
Seconday Sub-sector:Homebuilding
Main Business Areas: Basic Industries, Homebuilding, Consumer Cyclical, Residential Construction
Dividend Payments:Dividend History

Market and Trading Information for Lennar

The following details were available for trading and market data about the stock of Lennar as of writing:
Current Share Price:$52.91
Previous Year's Closing Price:$39.15
Percentage Price Change (YTD):35.15%
Market Cap:$16.68 billion
52-week Price Range:$37.29 - $55.77
Dividend Per Share:$0
EPS (TTM):5.47
Price-Earnings (Trailing):9.67
Price-Earnings (Forward):8.91

Company Profile and Business Description for Lennar

Lennar Corporation, incorporated on September 6, 1991, is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that operates in various states. The Company delivered 26,563 new homes as of November 30, 2016. The Company's segments include Homebuilding East, Homebuilding Central, Homebuilding West, Lennar Financial Services, Rialto and Lennar Multifamily. The Company is a developer of multifamily rental properties. Its Homebuilding operations include the construction and sale of single-family attached and detached homes, as well as the purchase, development and sale of residential land.

The Company operates primarily under the Lennar brand name. The Lennar Financial Services segment includes mortgage financing, title insurance and closing services for both buyers of the Company's homes and others. The Lennar Financial Services segment sells almost all of the loans it originates within a short period in the secondary mortgage market, most of which are sold on a servicing released, non-recourse basis. The Lennar Financial services segment offers Federal Housing Administration (FHA) insured and Veterans Affairs (VA) guaranteed residential mortgage loan products and other home mortgage products to buyers of its homes and others through its financial services subsidiary, Universal American Mortgage Company, LLC. As of November 30, 2016, the Company originated approximately 33,500 residential mortgage loans. The Lennar Financial Services segment finances its mortgage loan activities with borrowings under its financial services warehouse facilities or from its operating funds.

The Company provides title insurance and closing services to its homebuyers and others by its subsidiaries in Alabama, Arizona, California, Colorado, Delaware, District of Columbia, Georgia, Florida, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nevada, New Jersey, New York, North Carolina, North Dakota, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Utah, Virginia, West Virginia and Wisconsin. As of November 30, 2016, it provided title insurance services in 40 states. The Company also provides its homebuyers and others with personal lines, property and casualty insurance products through its insurance agency subsidiary, North American Advantage Insurance Services, LLC.

The Company's Rialto segment is a commercial real estate, investment management and finance company. Rialto's primary focus is to manage third-party capital and to originate commercial mortgage loans, which it sells into securitizations. The Rialto segment is focused on raising, investing and managing third-party capital, originating and securitizing commercial mortgage loans, as well as investing its own capital in real estate-related mortgage loans, properties and related securities. The Rialto segment utilizes its investment and operating platform to underwrite, diligence, acquire, manage, workout and add value to portfolios of real estate loans, properties and securities, as well as providing real estate capital. The Rialto segment is the sponsor of and an investor in private equity vehicles that invests in, and manages real estate related assets and other related investments.

The Lennar Multifamily segment focuses on developing a portfolio of institutional multifamily rental properties in the United States markets. The Company, through unconsolidated entities, is primarily involved in the development, construction and property management of multifamily rental properties. The Lennar Multifamily operations include sales of land, construction activities and equity in earnings from unconsolidated entities. The Company primarily uses third-party management companies to rent the apartments.

700 NW 107th Ave Ste 400

Peer / Competitor Companies of Homebuilding Sector

Along with Lennar Corp., the following other peer (competitor) companies also exist within the same Homebuilding - Basic Industries sector whose company profile and dividend history is as follows:

▶ A V Homes (AVHI): AV Homes, Inc., incorporated on October 6, 1970, is a homebuilder engaged in the business of homebuilding and community development in Florida, Arizona and the Carolinas. The Company is also ....See Detailed Company Profile  and Dividend History.

▶ Beazer Homes USA (BZH): Beazer Homes USA, Inc. operates as a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented ....See Detailed Company Profile  and Dividend History.

▶ CalAtlantic (CAA): CalAtlantic Group, Inc., incorporated on August 14, 1991, is a diversified builder of single-family attached and detached homes. The Company operates through two segments: homebuilding and financial services. As of ....See Detailed Company Profile  and Dividend History.

▶ Cavco Industries (CVCO): Cavco Industries, Inc., incorporated on January 14, 2003, designs and produces factory-built homes. The Company operates through two segments: factory-built housing, which includes wholesale and retail systems-built housing operations, and ....See Detailed Company Profile  and Dividend History.

▶ Century Communities (CCS): Century Communities, Inc., incorporated on April 30, 2013, is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes. The Company offers attached and detached ....See Detailed Company Profile  and Dividend History.

▶ Comstock Holding Companies (CHCI): Comstock Holding Companies, Inc., incorporated on May 24, 2004, is a real estate development and services company focused on the Washington, District of Columbia (D.C.) metropolitan area. The Company operates ....See Detailed Company Profile  and Dividend History.

▶ D R Horton (DHI): D.R. Horton, Inc. operates as a homebuilding company in East, Midwest, Southeast, South Central, Southwest, and West regions in the United States. It engages in the acquisition and development of land....See Detailed Company Profile  and Dividend History.

▶ Fortune Brands Home and Security (FBHS): Fortune Brands Home & Security, Inc., together with its subsidiaries, provides home and security products for residential home repair, remodeling, new construction, and security applications. It opera....See Detailed Company Profile  and Dividend History.

▶ Gafisa SA (GFA): Gafisa S.A. (Gafisa), incorporated on November 12, 1996, is a diversified national homebuilder serving all demographic segments of the Brazilian market. The Companys segments are Gafisa (for ventures targeted at ....See Detailed Company Profile  and Dividend History.

▶ Green Brick Partners (GRBK): Green Brick Partners, Inc., incorporated on April 11, 2006, operates in the real estate industry. The Company operates through two segments: builder operations and land development. The builder operations segment ....See Detailed Company Profile  and Dividend History.

▶ Hovnanian Enterprises (HOVNP): Hovnanian Enterprises, Inc., incorporated on June 27, 1983, is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill ....See Detailed Company Profile  and Dividend History.

▶ Hovnanian Enterprises (HOV): Hovnanian Enterprises, Inc., incorporated on June 27, 1983, is a builder of residential homes. The Company designs, constructs, markets and sells single-family detached homes, attached townhomes and condominiums, urban infill ....See Detailed Company Profile  and Dividend History.

▶ Installed Building Products (IBP): Installed Building Products, Inc., together with its subsidiaries, engages in the installation of insulation, waterproofing, fire-stopping, fireproofing, garage doors, rain gutters, shower doors, clos....See Detailed Company Profile  and Dividend History.

▶ IRSA Inversiones Y Representaciones (IRS): IRSA Inversiones y Representaciones Sociedad Anonima, incorporated on June 23, 1943, is a holding company. The Company invests on its own behalf and through investee companies in companies mainly operating ....See Detailed Company Profile  and Dividend History.

▶ KB Home (KBH): KB Home operates as a homebuilding company in the United States. It operates in four segments: West Coast, Southwest, Central, and Southeast. The company builds and sells various homes, including atta....See Detailed Company Profile  and Dividend History.

▶ Lennar (LEN.B): Lennar Corporation, incorporated on September 6, 1991, is a provider of real estate related financial services, commercial real estate, investment management and finance company. The Company is a homebuilder that ....See Detailed Company Profile  and Dividend History.

▶ LGI Homes (LGIH): LGI Homes, Inc. engages in the design, construction, and sale of new homes in Texas, Arizona, Florida, Georgia, New Mexico, Colorado, North Carolina, South Carolina, Washington, Tennessee, Minnesota, ....See Detailed Company Profile  and Dividend History.

▶ Lyon William Homes (WLH): William Lyon Homes, together with its subsidiaries, designs, constructs, markets, and sells single-family detached and attached homes in California, Arizona, Nevada, Colorado, Washington, and Oregon. ....See Detailed Company Profile  and Dividend History.

▶ MDC Holdings (MDC): M.D.C. Holdings, Inc., incorporated on May 17, 1985, is engaged in two primary operations, including homebuilding and financial services. The Companys segments include West, including segments located in Arizona, California, ....See Detailed Company Profile  and Dividend History.

▶ Meritage (MTH): Meritage Homes Corporation, incorporated on May 26, 1988, operates as a holding company. The Company is a designer and builder of single-family homes. The Company operates through two segments: homebuilding ....See Detailed Company Profile  and Dividend History.

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