Brokerage analysts at Citigroup on May 20 issued a “buy” rating for the stock and raised the price target from $68.00 to $85.00.
The latest quarterly earnings per share figures for Drew was $3.65 and is forecast to be $4.52 for 2016. With 24,504,000 shares outstanding, next quarter’s EPS is forecast to be $1.01, and next year’s EPS is projected to be $5.04.
With facilities across the U. S., Canada and Italy, Drew Industries provides the manufactured home and recreational vehicle industries with an array of component parts.
Meanwhile, in Chicago, the board of directors of Equity Lifestyle Properties, Inc. (NYSE:ELS) has declared a quarterly dividend of $0.425 per share, or $1.70 on an annualized basis to share holders of record as of June 24, 2016. The dividend will be paid on July 8,2016, according to what benchmarkmonitor tells MHProNews.
In addition, the board also declared a dividend of $0.421875 per depositary share of 6.75% Series C Cumulative Redeemable Perpetual Preferred Stock. For stockholders of record on June 17, 2016 the dividend will be paid on June 30, 2016. On an annualized basis, the dividend represents $1.6875 per depositary share.
MHProNews knows ELS has an interest in 388 manufactured home and recreational vehicle communities comprised of over 144,000 home sites. ##
(Image credit: housingwire)
