Key Details
Price
$16.01Last Dividend
$0.29Annual ROE
16.95%Beta
0.79Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
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N/ANext ex-dividend date:
Feb 10, 2025Recent ex-dividend date:
Jan 10, 2025Next split:
N/ARecent split:
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The Lazard Global Total Return and Income Fund Inc. offers a high 10.98% yield, appealing to income-seeking investors without sacrificing equity exposure. The LGI closed-end fund has underperformed the major indices over the past five years, so investors are sacrificing return for income. The fund's recent underperformance is attributed to its currency investments, particularly short positions in U.S. dollars, which have suffered due to the dollar's strength.
THE WOODLANDS, Texas, Jan. 06, 2025 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 580 homes in December 2024. As a result, the Company closed a total of 1,636 homes in the fourth quarter, including the bulk sale of 103 leased, single-family homes in November 2024, and a total of 6,131 homes for the full year 2024.
THE WOODLANDS, Texas, Dec. 23, 2024 (GLOBE NEWSWIRE) -- LGI Homes Inc. (NASDAQ: LGIH) today announced the closing of the Company's 75,000th home. This significant achievement reflects the Company's unwavering commitment to providing affordable, high-quality homes to families across the country.
MIDDLESEX, N.C., Dec. 18, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) announces the opening of its newest community in Nash County, Choplin Farms, offering modern homes on half-acre to 1+ acre lots.
WAYNESBORO, Pa., Dec. 16, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGI Homes, Inc. (NASDAQ: LGIH) is excited to announce the grand opening of Brimington Farm, a brand-new community in Waynesboro, Pennsylvania.
Macro conditions and higher housing costs continue to weigh on near-term demand, keeping LGI Homes' absorption rates lower than historical. Over time, while their absorption rates may not grow much beyond 4x, they have a clear runway for continued community growth to grow sales and EBITDA. Combining those two elements together, barring interest rates materially rising or another inflationary run, today's price offers a relatively attractive IRR.
THE WOODLANDS, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 531 homes in November 2024, including the bulk sale of 103 single-family rental homes.
THE WOODLANDS, Texas, Nov. 05, 2024 (GLOBE NEWSWIRE) -- LGI Homes, Inc. (NASDAQ: LGIH) today announced it closed 525 homes in October 2024.
I remain cautious about LGI Homes despite the promising homebuilding market, maintaining a 'hold' rating due to declining revenue, high cancellation rates, and weak net new orders. The company's profitability has been negatively impacted by rising construction costs and sales incentives, even though the average home price has increased. Although management's guidance for 2024 shows potential improvement, LGI Homes remains relatively expensive compared to peers, making it less attractive for investment.
Lazard Global Total Return and Income Fund has seen its discount narrow significantly, helping to push the fund to outperform the S&P 500 over the past year. The fund's managed distribution policy was increased from 7% to 10%, a factor contributing to the discount narrowing and making it less of a bargain than it had been. LGI's portfolio includes global equity exposure and forward currency contracts, enhancing the potential for providing distribution coverage but also increasing leverage and risk.
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