Added to YB: 2024-10-24
Pitch date: 2024-09-30
LEN [bullish]
Lennar Corporation
-31.72%
current return
Author Info
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Company Info
Lennar Corporation, together with its subsidiaries, operates as a homebuilder primarily under the Lennar brand in the United States.
Market Cap
$30.0B
Pitch Price
$170.07
Price Target
N/A
Dividend
1.64%
EV/EBITDA
8.08
P/E
15.32
EV/Sales
0.77
Sector
Household Durables
Category
special_situation
Show full summary:
Third Avenue Real Estate Value Fund Portfolio Holding: Lennar Corporation
LEN: Upcoming spin-off of land development co. Millrose to unlock value. Fund to receive Millrose shares & keep stake in Lennar's 'pure play' homebuilding. Post-spin, Lennar likely to trade at improved cost of capital as 'net cash' & 'land light' builder. Catalyst in upcoming quarter.
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