The Carlyle Group LP (NYSE:CG), investor in several manufactured home communities, was expected to earn $0.18 per share (EPS) for the first quarter of 2016, according to what analysts at Jefferies Group had predicted, down from their previous forecast of $0.35 per share earnings. Jefferies has a “Hold” rating on the stock with a $16.00 target price.

However, the consensus estimate for The Carlyle Group’s Q1 2016 earnings is $0.25, according to americanbankingnews.

For the remainder of the year, Jefferies Group forecasts Carlyle will have quarter two, 2016 earnings of $0.45 per share, followed by Q3 EPS of $0.50 and for Q4 2016, $0.51 EPS. Fiscal year 2016 earnings will be $1.64 EPS.

Deutsche Bank cut their price objective on Carlyle from $16.00 to $15.00, while Barclays issued a $17.00 price objective on the stock. Credit Suisse set an $18.00 price objective on the stock.

As MHProNews reported Oct. 28, 2015, Carlyle acquired the Plaza Del Rey MHC in Sunnyvale, CA, a sprawling 85 acres with 722 home sites for an estimated $180 million.

The Carlyle Group invested in a manufactured home community last fall, as MHProNews reported Sept. 22, 2015, shelling out $42 million to upgrade the 93 home site Pacific Skies Estates overlooking the Pacific Ocean. That project has been held up pending negotiations with the California Coastal Commission which oversees alterations that affect the coastline. ##

(Image credit: CRP/PSE-Seaside Pacifica Venture–Pacific Skies Estates MHC)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.