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. The company’s 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; and development, construction, and management of multifamily rental properties. It also offers residential mortgage financing, title, insurance, and closing services for home buyers and others, as well as originates and sells securitization commercial mortgage loans. In addition, the company is involved in the fund investment activity. It primarily serves first-time, move-up, active adult, and luxury homebuyers. The company was founded in 1954 and is based in Miami, Florida.
Strategic Shift | Explore Lennar's bold move to spin off Millrose Properties, a $6-8 billion REIT, reshaping its business model and potentially unlocking significant shareholder value |
Margin Pressures | Delve into Lennar's volume-focused strategy amidst declining gross margins, balancing market share retention with profitability in a challenging housing market |
Market Dynamics | Uncover how Lennar navigates rising mortgage rates and affordability challenges, while positioning for potential Federal Reserve rate cuts and long-term housing demand |
Financial Outlook | Analyst price targets range from $110 to $210, reflecting varied perspectives on Lennar's ability to execute strategic initiatives and capitalize on market improvements |
Metrics to compare | LEN | Sector Sector - Average of metrics from a broad group of related Consumer Cyclicals sector companies | Relationship RelationshipLENPeersSector | |
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P/E Ratio | 9.3x | 7.9x | 11.2x | |
PEG Ratio | −0.53 | 0.01 | 0.02 | |
Price/Book | 1.3x | 1.5x | 1.4x | |
Price / LTM Sales | 0.9x | 0.5x | 1.0x | |
Upside (Analyst Target) | −0.5% | 0.8% | 19.0% | |
Fair Value Upside | Unlock | 18.6% | 8.9% | Unlock |