According to tickerreport.com Zacks has upgraded shares of Equity LifeStyle Properties, Inc. (NYSE:ELS) from “neutral” rating to “outperform” in a research report issued to investors, with a $42.80 target price on the stock. While ELS has a 52-week low of $33.36 and a 52-week of $42.86, it closed down Tuesday …
Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while …
Drew Industries, Inc. subsidiary Lippert Components, Inc. has acquired Fortress Technologies LLC of Middlebury, Indiana for $3.3 million. Fortress is a specialized manufacturer of recreational vehicle (RV) chassis with an estimated annual sales revenue of $3 million, according to RVBusiness.com. “The people and assets we’ve added from Fortress Technologies will …
The 18 manufactured housing (MH) and recreational vehicle (RV) communities in San Angelo, Texas, each have different variances and maintenance regulations, and the city wants to establish uniform ordinances in response to the influx of workers drawn by the Eagle Ford Shale oilfield in southwest Texas. Concern resonates among city …
City Strives to Govern Manufactured Housing and RV Communities Read More
Following up the story MHProNews posted Dec. 11, 2013 regarding workforce housing and recreational vehicle (RV) regulations in Richland County, Montana, County Planner Marcy Hamburg says any parcel of land that is also rented/leased as temporary housing–RVs, park models, modular, campers, travel trailers, skid units—is considered a subdivision. As such …
Montana County Enforces Workforce Housing Regulations Read More
Manufactured housing (MH) component supplier Universal Forest Products, Inc. (UFPI) will began trading ex-dividend Nov. 26, 2013 with a cash dividend of $0.21 per share to be paid to shareholders Dec. 15, 2013, representing a five percent increase over the prior quarter. According to nasdaq.com, its current shares of stock …
Elkhart, Indiana-based Drew Industries, Inc. has announced a special cash dividend of $2.00 per share of common stock to stockholders on record as of Dec. 20, 2013, payable on Jan. 6, 2014. “We are pleased to demonstrate our continued commitment to shareholder value through this special dividend,” said Jason Lippert, …
Stock analyst seekingalpha.com says the two sources of revenue for component supplier Drew Industries are manufactured homes (MH) and recreational vehicles (RV), and suggests the company move away from the MH industry because it does not offer future growth. Noting half of the RV revenue derives from sales of chassis …
Drew should Diversify away from Manufactured Homes Components Read More
MHProNews has learned from multihousingnews in an interview at the Urban Land Institute Nov. 7 of Sam Zell, founder of Equity Group Investments and Equity International, by one-time Zell executive and now Green Courte Partners LLC Chairman Randy Rowe, Zell had some pithy insights. He said it’s ok to make …
Unless the Columbia Mobile Home Park in Columbia, California resolves two outstanding violations within thirty days, it’s license to operate will be suspended and it cannot collect rent or other monies from the residents. According to mymotherlode.com the California Department of Housing and Community Development posted the notice at the …
As MHProNews reported Nov. 1, Drew Industries, Inc. announced revenue and net income gains for Q3 2013 over last year’s numbers, and has spent $3 million to increase its internal steel stamping capacity in the first nine months of this year, according to amm.com. Chief Financial Officer (CFO) Joseph S. …
Drew Industries, Inc. (NYSE:DW) reports net income of $14.8 million for Q3 2013, or $0.62 per share, compared to $9.8 million in net income for the same period of 2012, an increase of52 percent. Net sales in the third quarter 2013 hit $251 million, 11 percent higher than the comparable …
Billionaire real estate investor Sam Zell says the trend to defer marriage to later in life has been lucrative for apartments and condos across the nation, saying that has been the most significant reason for the strength of the current multifamily real estate market. While he also noted the hospitality …
Although in line with analyst’s consensus estimates of earning $0.82 per share for Q3, 2013, Sun Communities, Inc. (SUI) had revenues of $107. 20 for the same quarter 2012, far above the $80.38 million that had been estimated. By comparison, according to Zolmax.com, earnings per share hit $0.71 for the …
Patrick Industries, Inc. (NASDAQ:PATK) reports net sales for Q3 2013 increased 29.8 percent over the same quarter 2012, from $112.9 million to $146.6 million. While sales to the manufactured housing (MH) industry rose 16 percent, the sales increase was due primarily to the 35 percent increase in revenues from the …
Swiss photojournalist Frimmel Smith, working in collaboration with the American Institute of Architecture (AIA), interviewed people who choose to live in manufactured housing, creating a traveling exhibit titled “Wheel People” in 1998-99. In cooperation with the RV/MH Hall of Fame and Museum and many state associations, she traveled an entire …
New Historical Exhibit Donated to RV/MH Hall of Fame and Museum Read More
Zolmax.com reports Equity LifeStyle Properties, Inc. (NYSE:ELS) will announce its financial results for the third quarter of 2013 Tuesday, Oct. 22 during a conference call at 11 AM. Analysts anticipate ELS will post earnings of $0.38 per share and revenue of $173.38 million for Q3. With a market cap of …
Drew Industries, Inc. (DW) will release its Q3 2013 financials on Fri., Nov. 1 before the market opens, followed by a conference call at 11 AM the same day to discuss the results. A question and answer session of the call will be limited to institutional investors and analysts. As …
Allegations of sexual discrimination against a recreational vehicle community in Texas has led to a lawsuit filed by the U. S. Department of Justice against owner George Toone and In Toone Services. The suit alleges Toone evicted a transgender woman and her partner Aug. 18, 2012 after handing them a …
Elkhart, Indiana-based Patrick Industries, Inc. (NASDAQ:PATK) announces its release of third quarter 2013 earnings before the market opens on Thursday, Oct. 24, 2013, according to 4-traders.com. President and CEO Todd Cleveland and CFO Andy Nemeth will host a conference call that morning at 10:00 AM EST to discuss the results. …
