Lennar Corporation 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. The company was founded in 1954 and is based in Miami, Florida.
Third Avenue Management, a disciplined, value-oriented asset manager and investment fund, published its third-quarter 2020 Investor Letter – a copy of which can be downloaded here. A return of 10.94% was recorded by the fund for the 3rd Quarter of 2020, ahead of its FTSE EPRA NAREIT Developed benchmark that returned 10.32%. You can view the […]
Lennar Corp. announced a stock repurchase program of up to 25 million shares, or about $1 billion. Shares of the homebuilder rose about 1% in Thursday’s extended trading session. Lennar (LEN) said that the new share buyback program has no end date. The company had repurchased 14 million common shares for $781 million under its prior share repurchase authorization. In addition to the buyback plan, the company’s board has announced a quarterly cash dividend of $0.25 per share, which will be paid on Feb. 12 to stockholders of record as of Jan. 29. Its quarterly dividend of $0.25 a share translates into a dividend yield of 1.3%.