Billionaire Mario Gabelli’s Top 12 Dividend Stocks

8. Lennar Corporation (NYSE:LEN)

GAMCO Investors’ Stake Value: $37,797,892

Dividend Yield as of June 23: 2.29%

On June 17, Keefe Bruyette raised its price recommendation on Lennar Corporation (NYSE:LEN) to $86 from $85. It reiterated an Underperform rating on the stock. Analyst Jade Rahmani said in a research note that Lennar’s earnings outlook remains pressured by land banking costs, which continue to weigh on margins.

On June 16, JPMorgan lowered its price goal on LEN to $77 from $80. It kept an Underweight rating on the shares. In a research note, the analyst said the company reduced its fiscal 2026 closings guidance after a weaker-than-expected spring selling season. Following the earnings report, the firm also lowered its estimates for Lennar.

Lennar Corporation (NYSE:LEN) is a homebuilder and a provider of residential and commercial mortgage loans. The company also offers title insurance and closing services and develops multifamily rental properties.