Public Offerings, New Home Offerings, Robust Home Deliveries, and Dividends - Analyst Notes on Lennar, PulteGroup, KB Home, Toll Brothers, and Ryland
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NEW YORK, March 12, 2014 /PRNewswire/ --
Today, Analysts Review released its analysts' notes regarding Lennar Corp. (NYSE: LEN), PulteGroup, Inc. (NYSE: PHM), KB Home (NYSE: KBH), Toll Brothers Inc. (NYSE: TOL), and Ryland Group Inc. (NYSE: RYL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.AnalystsReview.com/register
Lennar Corp. Analyst Notes
On February 25, 2014, Lennar Corp. (Lennar) announced today that it has priced an underwritten public offering of $100 million of 4.50% Senior Notes due June 2019. The Notes are being sold at a public offering price of 100.50% of their principal amount. The Company anticipates net proceeds from the offering to be $100 million. Lennar intends to use the proceeds for working capital and for general corporate purposes. The Notes have an interest rate of 4.50% and pay interest semi-annually on June 15 and December 15, commencing June 15, 2014. The full analyst notes on Lennar Corp. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/LEN/report.pdf
PulteGroup, Inc. Analyst Notes
On February 26, 2014, PulteGroup, Inc. (Pulte) announced that Pulte Homes is now offering new home designs at two of its highly successful urban communities which are MetroWest in Fairfax and Potomac Yard in Alexandria. "There are very few opportunities to build homes close to Metro transit in Washington DC, especially in a location that is adjacent to highly desirable retail shops and restaurants," said Lewis Birnbaum, division president of Pulte Homes' Mid-Atlantic Division. "We are very excited to be building upon our success at these two communities by expanding our product lines to meet the needs of homebuyers in the greater Washington DC area." The full analyst notes on PulteGroup, Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/PHM/report.pdf
KB Home Analyst Notes
On March 6, 2014, KB Home announced the debut of its two new communities in Mandarin, namely, Whitmore Oaks and Westberry Manor, thereby, expanding its new home choices throughout the greater Northeast Florida market. "We are very excited to introduce these two new communities and provide more opportunities for homeownership to the residents of Mandarin," said Todd Holder, President of KB Home's Jacksonville division. "At Whitmore Oaks and Westberry Manor, homebuyers can enjoy the charm of established neighborhoods with convenient access to major job centers while taking advantage of the ability to build a home personalized to meet their lifestyle and budget needs." The full analyst notes on KB Home are available to download free of charge at:
http://www.AnalystsReview.com/03122014/KBH/report.pdf
Toll Brothers Inc. Analyst Notes
On February 25, 2014, Toll Brothers Inc. (Toll Brothers) reported its Q1 FY2014 financial results (period ended January 31, 2014). The Company reported revenues of $643.7 million, up 51.6% YoY. Home building deliveries totaled 928 units 24% YoY growth in units. Net income was $45.6 million, or $0.25 per share, compared to net income of $4.4 million, or $0.03 per share in Q1 FY2013. Douglas C. Yearley, Jr., Toll Brothers' CEO, stated, "We delivered more homes at higher prices this first quarter than one year ago. This higher delivery volume, coupled with price increases from late 2012 and early 2013, drove our first quarter growth in revenues, earnings and margins." The full analyst notes on Toll Brothers Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/TOL/report.pdf
Ryland Group Inc. Analyst Notes
On February 28, 2014, Ryland Group Inc. (Ryland) announced that its Board of Directors has authorized and declared a quarterly dividend in the amount of $0.03 per share. The dividend is payable on April 30, 2014, to common stockholders of record on April 15, 2014. The full analyst notes on Ryland Group Inc. are available to download free of charge at:
http://www.AnalystsReview.com/03122014/RYL/report.pdf
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