An announcement from Lennar ( (LEN) ) is now available.
On February 7, 2025, Lennar Corporation completed the spin-off of Millrose Properties, distributing 80% of its shares to Lennar stockholders, making Millrose an independent public company listed on the NYSE. This strategic move aligns with Lennar’s shift towards an asset-light, land-light strategy, enhancing its focus on just-in-time home production and strategic flexibility while Millrose aims to facilitate homesite purchases for Lennar and other builders.
More about Lennar
Lennar Corporation, established in 1954, is a prominent homebuilder in the United States known for constructing quality homes across various segments, including affordable, move-up, and active adult homes. The company also offers financial services, including mortgage financing and title services, and operates a multifamily segment.
YTD Price Performance: -2.54%
Average Trading Volume: 2,865,614
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $33.58B
See more data about LEN stock on TipRanks’ Stock Analysis page.
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