Lennar Corporation Class A (LEN) has released its earnings report. The company's Millrose spin-off, including the election period for Lennar shareholders, takes effect immediately. The distribution ratio tied to the Millrose spinoff has also been formally announced by Lennar. After a change in the financial environment and lackluster Q3 earnings, some advise to sell Lennar stock. Meanwhile, others remain optimistic given the company's strategic approach and the continued investor interest in Free Cash Flow ETFs. A cause of concern for potential investors is Lennar's Q4 Earnings which may not look promising until 2025. Much of the worries stem from increasing mortgage rates leading to a dip in Lennar's stock. Despite the setbacks, the company continues to innovate, having their Stillwater Golf Course in St. Johns, Florida being named as the most innovative course design for 2022 by Sports Illustrated. They have also entered into an agreement for the acquisition of SunStreet—Lennar's residential solar platform for homebuilders by Sunnova Energy.
Lennar Corporation Class A LEN News Analytics from Thu, 04 Apr 2013 07:00:00 GMT to Thu, 23 Jan 2025 23:03:55 GMT -
Rating 2
- Innovation 3
- Information 6
- Rumor -4
