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Posts Tagged ‘dividend yield’

Sun Communities Declares Quarterly Dividend

December 19th, 2013 Comments off

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 one has issued a hold, according to zolmax.com. The stock opened today (Dec. 19) at 42.34, and has a 52-week range from $38.77 per share to $57.78. As MHProNews knows, real estate investment trust (REIT) Sun owns 185 manufactured home and recreational vehicle communities comprised of 68,300 homesites.

(Photo credit: Sun Communities, Inc.)

UMH Properties Receives a Strong ‘Buy’ on its Stock

September 24th, 2013 Comments off

Brad Thomas documents the annals of UMH Properties, Inc., (UMH:NYSE) since its beginning in 1968 to its election to REIT (real estate investment trust) status in 1982, and being publicly traded in 1985 after issuing an IPO, as reported in seekingalpha.com. Although it is considered a small REIT because its market cap is $184 million and has assets of $384 million, Thomas notes since 2009 the number of land lease communities it owns has risen from 28 to 68, and the homesites nearly doubling to 12,800. The company owns 37 manufactured housing communities (MHCs) in the Marcellus Shale region where energy companies are expected to be drilling, attracting possibly thousands of job-seekers who will need housing. UMH also has a financing arm that sell homes to consumers. Revenue is expected to surpass last year’s, he says, and UMH pays a higher dividend yield at 7.38% than either Sun Communities, Inc., or Equity LifeStyle Properties, its two closest peers, as MHProNews knows. After driving near every angle of financing through a fine tooth comb resulting in many charts, graphs and formulas, Thomas initiates a buy on the stock at $9.75 a share.

(Photo credit: UMH Properties, Inc.)

Sun Declares Quarterly Dividend

June 20th, 2013 Comments off

Manufactured housing community owner Sun Communities, Inc. (NYSE:SUI) announces a quarterly dividend of $0.63 per share for investors of record as of June 28, 2013, payable on July 19, 2013. Represents a dividend yield of 5.06 percent, according to watchlistnews, with an ex-dividend date of June 26. With a 50-day moving average of $51. per share, sun has a market cap of $1.844 billion and a profit-to-earnings ratio of 266.15. The stock closed Wed., June 19 at 46.81. As MHProNews understands, Sun is a real estate investment trust (REIT) that owns 185 manufactured housing communities comprised of 67,380 developed sites.

(Photo credit: Sun Communities, Inc.)

UMH: A Profitable REIT

March 28th, 2013 Comments off

InsiderMonkey reports UMH Properties (NYSE:UMH) generates an average of $391 for each of its 10,644 homesites. With vacancies around only 20 percent, involvement in manufactured homes sales and rentals, and no exposure to commercial or retail properties, it is wildly profitable. Although it is considered a small-time real estate investment trust (REIT), its seven percent dividend yield is secure. UMH increased its portfolio by 11 percent in 2011 and 20 percent in 2012, and has an $18.3 million preferred stock portfolio. The firm’s current $39 million in equity securities of other REITs rises when it has cash not working elsewhere. MHProNews follows the company’s stock—in trading March 27 it closed down -0.10 at 10.24.

(Photo credit: UMH Properties, Inc.)

Sun Communities, Inc. Declares Dividend

March 25th, 2013 Comments off

ZolmaxNews reports Sun Communities, Inc. (SUI) of Southfield, Mich. says it will pay a quarterly dividend of $0.63 per share on Friday, April 19 to investors of record April 1, 2013. Representing a $2.52 annualized dividend, the dividend yield is 5.29 percent. BMO Capital Markets, commenting on the stock, upgraded its rating from “market perform” to “outperform,” projecting a price target of $52.00. Sun’s stock was up 3.25 percent at the close of Friday’s trading at $47.68. The company has a market cap of $1.509 billion and a P/E ratio of 256.56. Analysts forecast Sun will gain $3.50 earnings per share this fiscal year. As MHProNews knows, Sun is a real estate investment trust (REIT) which owns and operates 183 manufactured home and RV communities comprised of 67,380 sites.

(Photo credit: Sun Communities, Inc.)

 

Sun Communities Declares Dividend

December 25th, 2012 Comments off

JagsReport says Sun Communities, Inc. has declared a quarterly dividend of $0.63 a share for stockholders of record Dec. 31, 2012, payable January 18th, 2013. As MHProNews reported here Oct. 1, 2012, this is the same dividend amount as for Q3 2012, and represents an annualized dividend of $2.52, and a dividend yield of 6.31%. Sun’s revenue rose 11.2% compared to the same quarter last year. Analysts expect earnings per share (EPS) will equal $3.20 for the current fiscal year. Sun owns and operates 164 manufactured housing and recreational vehicle communities comprising over 57,000 developed sites, making it one of the largest LLC owners in the nation.

(Photo credit: Sun Communities, Inc.)

UFPI Declares Cash Dividend

November 29th, 2012 Comments off

With a dividend yield of 1.07%, NASDAQ says Universal Forest Products, Inc. (UFPI) has declared a cash dividend payment of $.20 per share scheduled for Dec. 15, 2012 to shareholders of record prior to Nov. 28, 2012. UFPI has paid the same dividend for the last seven quarters. The company’s current per share earnings is $1.21. As MHProNews has learned about this manufactured housing component supplier, Zacks forecasts earnings for the company at 279.69%, well above an industry average of 15.3%.

(Image credit: Universal Forest Products, Inc.)

Killam Announces Dividend

September 19th, 2012 Comments off

DividendInvestor reports Canadian MHC owner Killam Properties, Inc. (TSX:KMP) has declared a dividend of $0.0483 per share payable Oct. 15, 2012 to shareholders of record as of Sept. 28, 2012. Having paid dividends since 2007, Killam has a current dividend yield of 4.5%. As MHProNews has learned, the company owns and operates over 50 MHCs in Canada, comprised of 7,409 home sites.

(Photo credit: Killam Properties, Inc.)