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Lennar Corp (LENb.N)

LENb.N on New York Stock Exchange

33.57USD
30 Sep 2016
Change (% chg)

$-0.06 (-0.18%)
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$33.63
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Volume
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Latest Key Developments (Source: Significant Developments)

Lennar wins dismissal of Reis lawsuit alleging data piracy
Tuesday, 5 Jul 2016 04:30pm EDT 

Lennar Corp : Wins dismissal of lawsuit by reis inc alleging data piracy -- court ruling . U.S. district judge George daniels rejects reis' claims under computer fraud & abuse act, and for secondary copyright violations . Reis had accused two Lennar units of downloading real estate market analyses and other reports without permission . Judge, who sits in Manhattan, declines to exercise juridiction over reis' state law claims, and dismisses lawsuit.  Full Article

Lennar amends credit agreement governing unsecured revolving credit facility
Thursday, 30 Jun 2016 05:16pm EDT 

Lennar Corp : Co amended credit agreement governing unsecured revolving credit facility to increase maximum potential borrowings from $1.6 billion to $1.8 billion . Amendment extends maturity of class a lenders' commitments, which are currently $1.3 billion of credit facility, from June 2019 to June 2020 . Class B lenders' commitments, which currently are $160 million, terminate in June 2018 - sec filing .$1.8 billion credit facility includes a $318 million accordion feature, subject to additional commitments.  Full Article

Lennar says higher price communities dragging Houston down
Tuesday, 21 Jun 2016 12:20pm EDT 

Lennar Corp : Backlog includes little bit more of lower price homes, likely to see asp come down into 350s in back half of the year - conf call . Says what's dragging Houston down is the higher price communities - conf call . Says we do see lower demand in higher price points as compared to lower price points but generally still market driven - conf call Further company coverage: [LEN.N] (Bengaluru Newsroom: +1-646-223-8780).  Full Article

Lennar reports Q2 earnings per share of $0.95
Tuesday, 21 Jun 2016 06:00am EDT 

Lennar Corp : Qtrly new orders of 7,962 homes - up 10% . quarter-End backlog of 9,014 homes - up 12% . Average sales price of homes delivered increased to $362,000 in q2 of 2016 from $348,000 in q2 of 2015 . Qtrly deliveries of 6,724 homes - up 12% . Qtrly gross margin on home sales of 23.1%, compared to 23.8% in q2 2015 . Lennar reports second quarter eps of $0.95 . Q2 earnings per share $0.95 . Q2 revenue $2.7 billion versus i/b/e/s view $2.52 billion .Q2 earnings per share view $0.86 -- Thomson Reuters I/B/E/S.  Full Article

Lennar Corp declares quarterly dividends
Wednesday, 13 Apr 2016 04:30pm EDT 

Lennar Corp:Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock.Payable on May 11 to holders of record date as on April 27.  Full Article

Lennar Corp prices $500 mln of senior notes
Friday, 26 Feb 2016 04:44pm EST 

Lennar Corp:Prices $500 million of senior notes.Priced an underwritten public offering of $500 million of 4.750% senior notes due 2021.Says notes will have an interest rate of 4.750% per annum.Notes will pay interest semi-annually on April 1 and October 1, commencing October 1, 2016.  Full Article

Lennar Corp declares quarterly dividends
Wednesday, 13 Jan 2016 04:53pm EST 

Lennar Corp:Declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock.Payable on February 11, 2016 to holders of record at the close of business on January 28, 2016.  Full Article

Lennar Corp declares quarterly dividends
Wednesday, 7 Oct 2015 04:30pm EDT 

Lennar Corp:declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock.payable on November 5, 2015 to holders of record at the close of business on October 22, 2015.  Full Article

Lennar Corp declares quarterly dividends
Tuesday, 23 Jun 2015 04:30pm EDT 

Lennar Corp:Declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock.Payable on July 22, 2015 to holders of record at the close of business on July 8, 2015.  Full Article

Lennar Corp prices $500 million of senior notes
Tuesday, 21 Apr 2015 04:59pm EDT 

Lennar Corp:Prices underwritten public offering of $500 million of 4.750 pct senior notes due 2025.Says sale of the Notes is expected to close on April 28.Net proceeds from offering, which are estimated to be about $496 million.Says it may use some of the proceeds from the offering for general corporate purposes.Says notes will have an interest rate of 4.750 pct per annum and will pay interest semi-annually on May 30 and Nov 30, commencing Nov 30, 2015.Citigroup Global Markets Inc, Deutsche Bank Securities Inc., J.P. Morgan Securities LLC, BofA Merrill Lynch, Mizuho Securities USA Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as joint book-running managers in offering.Fifth Third Securities Inc and PNC Capital Markets LLC are acting as co-managers in offering.  Full Article

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Homebuilder Lennar to buy WCI for $643 million to expand in Florida

Lennar Corp , the No. 2 U.S. homebuilder, said it would buy fellow Florida-based homebuilder WCI Communities Inc for about $643 million, boosting its land bank in one of the fastest improving housing markets in the United States.