Lennar Completes Sale Of Rialto Management Business
Lennar Corporation Class A (LEN)
Last lennar corporation class a earnings: 3/19 06:00 am
Check Earnings Report
US:NYSE Investor Relations:
investors.lennar.com
Company Research
Source: PR Newswire
MIAMI, Dec. 3, 2018 /PRNewswire/ -- Lennar Corporation (NYSE: LEN and LEN.B) reported that, on November 30, 2018, it completed the previously announced sale of its Rialto Investment and Asset Management business to investment funds managed by Stone Point Capital for $340 million.Diane Bessette, Chief Financial Officer of Lennar, said, "We are very pleased to announce the successful execution of this transaction, which is a significant component of our strategy of reverting to our pure-play core homebuilding platform. The closing of this deal generates substantial cash flow, which aligns with our previously stated capital and capital allocation strategy.""We would like to thank the Rialto associates for their dedicated years of service and wish them continued success in their future endeavors." As previously announced, Lennar is retaining its Rialto Mortgage Finance business, which Lennar is moving into its Financial Services business, and it is retaining its fund investments ($294 mi
Show less
Read more
Impact Snapshot
Event Time:
LEN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
LEN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
LEN alerts
High impacting Lennar Corporation Class A news events
Weekly update
A roundup of the hottest topics
LEN
News
- Should You Be Bullish on Lennar Corporation's (LEN) Long-Term Prospects? [Yahoo! Finance]Yahoo! Finance
- Lennar (LEN) Stock Declines While Market Improves: Some Information for Investors [Yahoo! Finance]Yahoo! Finance
- Third Avenue International Real Estate Value Fund Q1 2024 Portfolio Manager Commentary [Seeking Alpha]Seeking Alpha
- Old Faithful Erupts - With Five Stock Picks [Forbes]Forbes
- Lennar Announces New Model in The Arcadia Collection at Arden, South Florida's Award-Winning Agrihood CommunityPR Web
LEN
Earnings
- 3/13/24 - Beat
LEN
Sec Filings
- 4/25/24 - Form 10-K/A
- 4/11/24 - Form 4
- 4/11/24 - Form 4
- LEN's page on the SEC website