Someone with a lot of money to spend has taken a bearish stance on Lennar (NYSE: LEN ). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga. Whether this is an institution or just a wealthy individual, we don''t know. But when something this big happens with LEN, it often means somebody knows something is about to happen. So how do we know what this whale just did? Today, Benzinga ''s options scanner spotted 12 uncommon options trades for Lennar. This isn''t normal. The overall sentiment of these big-money traders is split between 33% bullish and 66%, bearish. Out of all of the special options we uncovered, 7 are puts, for a total amount of $284,685, … Full story available on Benzinga.com
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Source: Ruslan Ivantsov / Shutterstock.com Wall Street has officially entered a bear market. Macroeconomic headwinds continue to build, including rampant inflation, slowing economic growth and continued geopolitical turmoil. We now have further uncertainty surrounding the stock market following the most recent interest rate hike. As we enter a bear market, investors are searching for alternative investment paths for diversification. Growth names that were the darlings on Wall Street during the pandemic have not been immune to these challenges so far in the year. Even large-capitalization (cap) shares have come under pressure since January. Year-to-date (YTD), the S&P 500 index has so far dropped over 22.9% year-to-date (YTD), while the tech-heavy Nasdaq 100 has declined more than 30.7% during the same period. In the past century, we have had over 25 bear markets on the Street. Most have lasted an average of less than one year. While it may be tempting to sell stocks in the portfolio to minimize losses, panic selling in a bear market often leads to loss of potential profits and even investment capital.
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Shares of Lennar Corporation (NYSE: LEN) were down 3% on Monday. The stock has dropped 36% year-to-date and 25% over the past 12 months. The homebuilder delivered mixed results for […] The post Lennar (LEN) believes that despite near-term challenges, the long-term prospects for housing remain strong first appeared on AlphaStreet .
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Shares of Lennar Corporation (NYSE: LEN) were down 3% on Monday. The stock has dropped 36% year-to-date and 25% over the past 12 months. The homebuilder delivered mixed results for its third quarter of 2022 last week and is seeing a slowdown in the housing market due to higher interest rates and inflation. However, despite […]
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In this article, we discuss the more recent changes in the housing market to justify why a crash scenario is far from happening. See why Lennar is my top pick.
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Well, folks, the talk of the week has certainly been about the Federal Open Market Committee (FOMC) meeting this past Wednesday. As we talked about on Thursday , the Federal Reserve voted unanimously to raise key interest rates by 75 basis points for the third-straight time. The Fed’s decision on Wednesday was, of course, fully expected. I was hoping for a 100-basis-point increase, but the Fed doesn’t listen to me! What was a little surprising was that the Fed revealed it wants to get the Fed Funds rate to 4.25% by year end. So, we can expect another 75-basis-point hike in November and a 50-basis-point increase in December. And then the Fed is going to hold rates at that level for an extended period of time until they make sure that inflation is defeated. The reality is the Fed has done a number on the market. They are purposely deflating assets, stocks, real estate – anything sensitive to interest rates. And, simply put, folks, what the Fed is doing destroys the housing market. In today’s Market 360, we’re going to talk about what the Fed’s rate increases mean for the housing market… and what it means for homebuilder stocks.
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Philadelphia is one seven markets where the homebuilder has yet to find the right prices to spur buyers to close.
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One of the nation''s largest homebuilders is walking away from some land purchases as new orders fall and cancellations rise.
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LEN earnings call for the period ending June 30, 2022.
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The Golden Age Of Homebuilding is already over Rising interest rates are cutting into new sales and total activity A correction is already underway in the homebuilders and it may gain momentum after the reports from Lennar and KB Home It was just a year or so ago that Wall Street pundits were touting a […]
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NEW YORK - Stocks that traded heavily or had substantial price changes Thursday: Steelcase Inc., down 93 cents to $8.31. The office furniture maker gave investors a…
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Wednesday''s selling carried into Thursday as investors continued to take a risk-off approach to markets following the Federal Reserve''s latest policy announcement. The central bank issued its third jumbo-sized rate increase yesterday and set expectations that it will continue to hike rates over its next few meetings. However, the Fed is not alone in its aggressive stance. Several global central banks have increased their benchmark rates this week in an ongoing effort to tame inflation, including the Bank of England and Switzerland''s National Bank, which earlier today issued 50 basis point and 75 basis point rate hikes, respectively. (A basis point is one-one hundredth of a percentage point.) SEE MORE 10 Best Marijuana Stocks to Buy Now "Global equities are struggling as the world anticipates surging rates will trigger a much sooner and possibly severe global recession," says Edward Moya, senior market strategist at currency data provider OANDA. "Most of these rate hikes around the world are not done yet which means the race to restrictive territory won''t be over until closer to the end of the year." The reaction here at home was a selloff in bond prices, which sent yields on government notes spiking.
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Lennar is rallying and KB Home is falling after the homebuilders'' earnings reports. Here are the key levels to know as investors fret about housing.
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U.S. stock futures traded slightly higher this morning after recording losses in the previous session. Here are some big stocks moving higher in today’s pre-market trading session. Geron Corporation (NASDAQ: GERN ) climbed 8.6% to $2.76 in pre-market trading after dropping around 5% on Wednesday. SmartRent, Inc. (NYSE: SMRT ) rose 8.1% to $2.93 in pre-market trading after gaining around 7% on Wednesday. AMTD Digital Inc. (NYSE: Full story available on Benzinga.com
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These are the stocks posting the largest moves in extended trading.
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Lennar and KB Home earnings topped views amid mixed results late Wednesday, but the builders warned of more pain for the housing market.
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Lennar (LEN) fiscal Q3 earnings topped the average analyst estimate but its revenue fell short as prospective homebuyers balk at higher mortgage rates
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These are the stocks posting the largest moves in extended trading.
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WASHINGTON (dpa-AFX) - Lennar Corp. (LEN.B) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.The company''s bottom line totaled $1…
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Lennar (NYSE: LEN ) is set to give its latest quarterly earnings report on Wednesday, 2022-09-21. Here''s what investors need to know before the announcement. Analysts estimate that Lennar will report an earnings per share (EPS) of $4.91. Lennar bulls will hope to hear the company to announce they''ve not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the … Full story available on Benzinga.com
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Here''s a look at two homebuilding companies, a major restaurant operator, and a China-based travel services firm, all reporting quarterly results late Wednesday or early Thursday.
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DHI, LEN, NVR: Housing Stocks to Watch as Rising Mortgage Rates Shake Buyers'' Confidence TipRanks
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These are the stocks posting the largest moves midday.
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Homebuilder stocks have gotten crushed so far in 2022, but one Wall Street analyst said Monday now is the time for investors to buy the dip. The Analyst: KeyBanc analyst Kenneth Zener has issued the following homebuilder stock upgrades: D R Horton Inc (NYSE: DHI ) upgraded from Sector Weight to Overweight with an $84 price target. KB Home (NYSE: KBH ) upgraded from Underweight to Sector Weight. Lennar Corporation (NYSE: LEN ) upgraded from Sector Weight to Overweight with an $89 price target. Meritage Homes Corp (NYSE: MTH ) upgraded from Sector Weight to Overweight with an $87 price target. PulteGroup, Inc. (NYSE: PHM ) upgraded from Sector Weight to Overweight with a $47 price target. Toll Brothers Inc (NYSE: TOL ) upgraded from Underweight to Sector Weight. TopBuild Corp (NYSE: BLD ) upgraded from Sector Weight to Overweight with a $205 price target Related Link: Treasury Bond Yields Hit 11-Year Highs As Investors … Full story available on Benzinga.com
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KeyBanc Capital Markets analyst Kenneth Zener upgraded seven homebuilder stocks even as higher interest rates make home purchases less affordable for many consumers."On balance we…
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Traders work on the floor of the New York Stock Exchange during the afternoon trading session on September 13, 2022 in New York City. Michael M. Santiago | Getty Images News | Getty Images S&P 500 futures were little changed Sunday evening after the major averages posted their worst week since June and ahead of this week’s two-day Federal Reserve meeting. Broad market index futures contracts were flat in pre-market trading. Dow Jones Industrial Average futures rose 0.1%, while Nasdaq 100 futures declined 0.1%. Stocks fell on Friday as investors reacted to a hotter-than-expected inflation report and a gloomy warning from FedEx about the “significantly deteriorating” global economy. The Dow Jones Industrial Average fell 139 points, while the Standard & Poor’s lost 0.7% and the Nasdaq Composite fell 0.9%. Investors are focused on the Federal Reserve’s two-day meeting, which begins on Tuesday. The central bank is expected to raise interest rates by another three-quarters of a point, although investors are also watching for guidance on corporate earnings ahead of the start of the next reporting season in October. “With the S&P 500 hovering below the critical 3900 level and the 10-year Treasury yield approaching more than 3.5%, the Fed’s sensitive two-year Treasuries shrug off 3.9%, suggesting that the Fed’s aggressive campaign to kill Crosby, chief global strategist at LBL Financial, “Inflation needs to be taken seriously.” The canary in the coal mine may not have died yet, but it is probably struggling to breathe.
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FedEx (FDX), Costco (COST), Darden Restaurants (DRI), KB Home (KBH), Lennar (LEN) and General Mills (GIS) are scheduled to report earnings next week.
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LIBERTY LAKE, Wash. , Sept. 15, 2022 /PRNewswire/ -- Lennar, one of the nation''s leading homebuilders, announced today the grand opening of Lennar at Stonehill, the homebuilder''s first-ever community in the Inland Northwest market. Lennar at Stonehill offers brand new single-family home designs at an attainable price point all situated in the highly-desirable Liberty Lake area of Washington . Lennar has plans for future development at this location as well, to include an additional single-family neighborhood and a townhome offering. The Stonehill grand opening celebration will take place Saturday, September 17 from 11 a.m. to 2 p.m.
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Lennar Corporation with ticker code (LEN) now have 16 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 133 and 60 and has a mean target at 89.25. Given that the stocks previous close was at 74.23 this now indicates there is a potential upside of 20.2%. The day 50 moving average is 81.55 and the 200 moving average now moves to 87.06. The company has a market capitalisation of $20,854m. Find out more information at: https://www.lennar.com [stock_market_widget type="chart" template="basic" color="green" assets="LEN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $25,074m based on the market concensus. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
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Baron Funds, an asset management company, released its “Baron Real Estate Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Baron Real Estate Fund (the “Fund”) declined 20.62% (Institutional Shares) in the second quarter of 2022, underperforming its primary benchmark, the MSCI USA IMI Extended Real Estate Index (the […]
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Lennar Corporation (NYSE:LEN) marked $78.41 per share on Thursday, up from a previous closing price of $77.90. While Lennar Corporation has overperformed by 0.65%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LEN fell by -22.35%, with highs and lows ranging from $117.54 to $62.54, whereas […]
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Lennar Corporation with ticker code (LEN) have now 17 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The target price ranges between 133 and 60 calculating the mean target price we have 91.65. With the stocks previous close at 76.54 this now indicates there is a potential upside of 19.7%. The 50 day moving average now sits at 80.86 and the 200 moving average now moves to 87.87. The market cap for the company is $22,126m. Visit the company website at: https://www.lennar.com [stock_market_widget type="chart" template="basic" color="green" assets="LEN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $26,494m based on the market concensus. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
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Lennar is a well-respected major homebuilder. It has a dual-class share structure that provides opportunity to those who know how to take advantage.
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Lennar Corporation with ticker code (LEN) have now 17 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 133 and 60 and has a mean target at 91.65. Given that the stocks previous close was at 78.92 this would imply there is a potential upside of 16.1%. The 50 day MA is 80.43 and the 200 day moving average is 88.34. The market capitalisation for the company is $21,998m. You can visit the company''s website by visiting: https://www.lennar.com [stock_market_widget type="chart" template="basic" color="green" assets="LEN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $25,546m based on the market concensus. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
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Investment management company GoodHaven Capital Management released its second-quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the first half of the year 2022, the fund outperformed the S&P 500 index declining by 3.86% compared to a drop of 8.85% for the S&P 500 Index. The fund […]
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Summary As a fundamental investor, you may face a situation when the market price drops below your purchase price. How do you decide whether it is time to get out or continue to hold? Lennar Corporation (Lennar) market price had declined by about 30% since its peak in Dec 2021. If you had bought it […]
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Lennar Corporation (NYSE:LEN) shares, rose in value on Friday, August 26, with the stock price down by -2.46% to the previous day’s close as strong demand from buyers drove the stock to $82.81. Actively observing the price movement in the recent trading, the stock is buoying the session at $84.90, falling within a range of … Lennar Corporation (NYSE: LEN) – Does It Provide Stability And Growth? Read More »
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BofA Securities analyst Rafe Jadrosich downgraded homebuilders Lennar (LEN), KB Home (KBH) and Toll Brothers (TOL) after new home demand has reset lower over the past three months after…
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Lennar Corporation with ticker code (LEN) have now 17 analysts covering the stock with the consensus suggesting a rating of ''Buy''. The target price ranges between 133 and 60 with the average target price sitting at 91.65. Now with the previous closing price of 82.11 this now indicates there is a potential upside of 11.6%. There is a 50 day moving average of 79.06 and the 200 day moving average is 88.99. The company has a market capitalisation of $23,802m. Find out more information at: https://www.lennar.com [stock_market_widget type="chart" template="basic" color="green" assets="LEN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $26,567m based on the market concensus. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
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Today, in our “Expert Spotlight,” we will look at Edgar Wachenheim, the founder, CEO, and Chairman of Greenhaven Associates. Greenhaven is a long-term, long-only value investment management firm with $4.63 billion in assets under management (AUM). We will look at two of Wachenheim’s top picks for 2022 – global financial services behemoth Goldman Sachs Group (GS) and homebuilder company Lennar Corp. (LEN). Global markets are witnessing unprecedented events. At such times, it is prudent to follow the views of experts who are in a better position to gauge the markets and the company’s performance.
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Related Stocks: STLD , BAC , LEN , SCHW , APO ,
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The housing market enters a recession … don’t expect prices to drop much … checking in on our ITB homebuilders trade … be wary in the short-term While there’s debate about whether the economy is in a recession, there’s one sector that officially fits the bill… Housing. From Robert Dietz, Chief Economist at the National Association of Home Builders (NAHB): Tighter monetary policy from the Federal Reserve and persistently elevated construction costs have brought on a housing recession. Yesterday, we learned that the National Association of Home Builders/Wells Fargo Housing Market Index dropped 6 points this month to 49. The index has now seen eight straight monthly declines. The word “recession” comes into play due to the sub-50 reading. Anything about 50 is positive, anything below is negative. This negative reading is the first one since the start of the Covid pandemic. Prior to that, there hasn’t been a negative reading since June 2014. Meanwhile, this morning we learned that U.S. homebuilding fell to the lowest level in nearly one-and-a-half years.
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Friday''s additional top analyst upgrades and downgrades were on Ciena, Lennar, Lexicon Pharmaceuticals, Mister Car Wash, PagerDuty, RealReal, Six Flags and more.
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Stocks pointed up Friday to cap a positive week, the fourth in a row for the S&P 500.
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Lennar Corporation found using ticker (LEN) now have 17 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 133 and 60 calculating the average target price we see 91.65. Now with the previous closing price of 84.27 this would indicate that there is a potential upside of 8.8%. The day 50 moving average is 77.63 and the 200 moving average now moves to 89.76. The market capitalisation for the company is $24,753m. You can visit the company''s website by visiting: https://www.lennar.com [stock_market_widget type="chart" template="basic" color="green" assets="LEN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $26,920m based on the market concensus. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
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Related Stocks: FDX , LEN , AMZN , FLOW , CMCSA ,
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Lennar Corporation found using ticker (LEN) now have 17 analysts in total covering the stock. The consensus rating is ''Buy''. The range between the high target price and low target price is between 133 and 60 calculating the average target price we see 91.65. With the stocks previous close at 82 this would imply there is a potential upside of 11.8%. There is a 50 day moving average of 76.7 and the 200 moving average now moves to 90.14. The company has a market cap of $23,452m. Find out more information at: https://www.lennar.com [stock_market_widget type="chart" template="basic" color="green" assets="LEN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $26,212m based on the market concensus. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
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Home prices are still increasing despite a cooling housing market. But price declines lie ahead, many experts argue. Insider recently spoke with three experts calling for median home prices to fall. The housing market is starting to cool off in a big way thanks to skyrocketing mortgage rates this year. Homebuilder sentiment is at its second-lowest level in 37 years thanks to tanking demand — existing home sales were down 14% in June, year-over-year. Still, home prices have yet to take a hit. The median price of homes sold in the US hit an all-time high of $440,300 in the second quarter. Foto: Federal Reserve Bank of St. Louis But price declines are coming, according to a growing chorus of economists and industry experts. Recently, Insider profiled the views of three experts calling for median home price drops ahead. An investment analyst at a $31 billion firm says home prices are due to fall back toward their pre-pandemic levels — and shares 3 cities where declines will be among the worst in the country Homes in Austin, Texas.
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Homebuilder Lennar Corp. was another detractor during the quarter. So, why did we add more LEN stock to our portfolio? Click here to find out.
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Lennar Corporation found using ticker (LEN) have now 17 analysts covering the stock. The analyst consensus points to a rating of ''Buy''. The range between the high target price and low target price is between 133 and 60 calculating the mean target price we have 91.65. Given that the stocks previous close was at 81.04 this would imply there is a potential upside of 13.1%. The day 50 moving average is 75.75 and the 200 day moving average is 90.43. The company has a market capitalisation of $23,744m. You can visit the company''s website by visiting: https://www.lennar.com [stock_market_widget type="chart" template="basic" color="green" assets="LEN" range="6mo" interval="1d" axes="true" cursor="true" api="yf"] The potential market cap would be $26,852m based on the market concensus. Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States. It operates through Homebuilding East, Homebuilding Central, Homebuilding Texas, Homebuilding West, Financial Services, Multifamily, and Lennar Other segments.
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