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Posts Tagged ‘Killam Properties’

Trump Effect – 1 Year Election Impact on Manufactured Housing Connected Stocks, Part 2

November 10th, 2017 Comments off

TrumpEffectonMarketsPartII-ManufacturedHousingIndustryStocksMarketsReportsDailyBusinessNewsMHProNewsYesterday, in Part 1, of this report, the first part of our alphabetical review of manufactured home connected stocks one year since President Trump won the election was reviewed.

Affiliated Management Group, (AMG)
Berkshire Hathaway, (BRK-A)
Brookfield Asset Management, (BAM)
Carlyle Group, The (CG),
Cavco Industries, (CVCO) .

were covered at the linked image below.

Just the Facts – Trump Effect on Manufactured Home Connected Stocks, Part 1

Today, we graphically cover the 1-year snapshot of the companies that follow the video interview, below.

For those ‘into’ or checking out the manufactured housing industry for the first time, what makes this trade media uniquely useful to researchers is our comprehensive coverage and broader understanding of the market and specialized dynamics.

The award-winning industry veteran Alan Amy video interview gives you an savvy insiders perspective on what makes manufactured housing an amazing opportunity.  Amy’s logic is simple, and thus, powerful.

Continuing, Deer Valley Homebuilders (DVLY)DeerValleyHomebuilders=DVLY1YearSnapshotStockTrendManufacturedModularHomeIndustryMarketsResearchReportsDataMHProNews

Equity Lifestyle Properties, (ELS) – depending on how you count, they are one of the top two manufactured home community operations today.

EquityLifestyelPropertiesELS1YearStocktSnapshotManufacturedHomeCommunityREITmarketsResearchReportsDataMHProNews

Killam operates multi-family apartments, as well as manufactured home communities. KillamREITCommunitiesManufacturedHomeCommunitiesNOTmobileHomeParksStocksMarket1YrSpotlightResearchDataReportsMHProNews

Lippert was long known as Drew Industries.  They provide components to RVs, manufactured housing, and others.  An interview with their former chairman, Leigh Abrams, is linked here.

LCIILippertIndustriesManufacturedHomeRVIndustrySupplierComponentsMarketsStocksResearchDataReportMHProNews

What Others in MHVille Have Said About MHProNews


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If you want to know why Alan Amy is right, watch this video interview with a professional couple.  All of our video interviews are unscripted, a free-flowing conversation.


The kind of reports you won’t find elsewhere – on topics like FEMA’s impact on manufactured housing – as an example, is linked here.

Not perfect, but we’re the best –  per our thousands of professional readers.  “We Know the MH Biz.” ©

We Provide, You Decide.” © ## (News, analysis, commentary – celebrating 9 years.)

SoheylaKovachManufacturedHomeLivingNewsManufacturedHousingIndustryDailyBusinessNewsMHProNews-(Image credits are as shown above, and when provided by third parties, are shared under fair use guidelines.)

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.com.

 

 

 

 

Analysts Say This Community Operator Is a “Buy”

January 2nd, 2017 Comments off
LakeViewEstatesKillamCommunityPostedDailyBusinessNewsMHProNews

Logo for Lakeview Estates, one of Killam Properties, shown here under fair use guidelines.

TD Securities reissued their buy rating on shares of Killam Properties Inc (TSE:KMP.UN),” writes Robert Boyd in the Daily Quint.

Killam currently has a C$15.00 price target on the stock.

As RC Williams and others have reported, additional research analysts have also recently issued research reports about the company.

Bullets per Boyd, are as follows:

  • BMO Capital Markets boosted their target price on Killam from C$13.00 to C$13.50 in a research note on Monday, August 8th.
  • Scotiabank reissued a sector perform rating and set a C$13.25 target price on shares of Killam in a research note on Thursday, August 4th.
  • Raymond James Financial Inc. increased their target price on Killam Properties from C$13.25 to C$13.75 and gave the stock an “outperform” rating in a research note on Friday, August 5th.
  • Canaccord Genuity lowered Killam Properties from a “buy” rating to a “hold” rating, but raised their price target from C$13.50 to C$14.00 in a report on Wednesday, July 27th.
  • Royal Bank Of Canada boosted their target on  from C$13.00 to C$14.00 in a report on Monday, August 8th.
Killambloomberg-postedDailyBusinessNewsMHProNews

1 Year stock trend, per Bloomberg.

A pair of analysts have rated the stock a “hold” rating, while five have given a “buy” rating to Killam.

The firm’s stock has an average rating of Buy and consensus price target of C$13.97.

TDSecuritiesScotiabankRestatePositiveRatingsforKillamPropertiescreditGlobeandmailtdscotiabankkillam-postedtothedailybusinessnewsmhpronewsmhlivingnews

Image collage by the Daily Business News, each logo belongs to their respective company and is provied here under fair use guidelines.

For RC William’s prior report on Killam, please click here.

Publishing Notice: with the markets closed today for New Year’s day federal holiday, the next complete market report will be Tuesday, January 2, 2016. ##

(Image credits are as shown above.)

soheylakovachmhlivingnewsmhpronews

Soheyla Kovach.

Submitted by Soheyla Kovach to the Daily Business News for MHProNews.

TD Securities, Scotiabank Restate Positive Ratings for Killam Properties

November 9th, 2016 Comments off
tdsecuritiesscotiabankrestatepositiveratingsforkillampropertiescreditglobeandmailtdscotiabankkillam-postedtothedailybusinessnewsmhpronewsmhlivingnews

Pictured: Philip Fraser. Credits: Globe and Mail, TD Securities, Scotiabank, Killam.

TD Securities and Scotiabank have both reiterated their positive ratings for Killam Properties Inc. (KMP.UN).

TD Securities issued a note to investors on November 3rd, restating its “buy” rating for the company’s stock, with a price target of C$15.00.

Scotiabank also restated their “perform” rating on Killam in a report released on November 2nd. Scotiabank has a C$13.75 price target on the stock.

According to The Cerbat Gem, a number of other banks have also released reports on Killam recently:

  • RBC Capital Markets raised their price target on shares from C$13.00 to C$14.00 in a report on August 5th.
  • CIBC raised their price target on shares from C$13.25 to C$13.75 in a report on August 5th.
  • Royal Bank Of Canada raised their price target on shares of Killam Properties from C$13.00 to C$14.00 in a report on August 8th.
  • Canaccord Genuity downgraded shares of Killam from a “buy” rating to a “hold” rating and raised their price target for the company from C$13.50 to C$14.00 in a report on July 27th.

 

tdsecuritiesscotiabankrestatepositiveratingsforkillampropertiescreditcerbatgem-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: The Cerbat Gem.

Overall, two investment analysts have rated the stock with a “hold” and five have issued a “buy” rating. The company presently has an average rating of “buy” and an average target price of C$13.97.

As regular Daily Business News readers are already aware, in addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario.

 

tdsecuritiesscotiabankrestatepositiveratingsforkillampropertiescreditbloomberg-postedtothedailybusinessnewsmhpronewsmhlivingnews

Credit: Bloomberg.

Killam is also one of the industry stocks monitored each business day on the MH Industry’s leading professional news resource, the Daily Business News, on MHProNews. For the recent closing numbers on all MH industry-connected tracked stocks, please click here. ##

(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC Williams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News for MHProNews.

Scotiabank ups Killam Properties Price Target to C$13.25

September 20th, 2016 Comments off

killampropertiescredit-postedmanufacturedhousingindustrymanufacturedhomecommunitiesdailybusinessnewsmhpronewsAccording to the Daily Quint, analysts at Scotiabank has increased the price target for Killam Properties Inc. (TSE:KMP.UN) from C$13.00 to C$13.25 in a research note issued on Friday. The firm currently has a “Sector Perform” rating on the stock.

In addition to Scotiabank, other research firms have commented on Killam in recent months:

  • CIBC increased their target price on shares from C$12.25 to C$13.25 in a research report on May 12th.
  • TD Securities increased their target price on shares from C$13.00 to C$14.00 and gave the stock a buy rating on May 12th.
  • RBC Capital increased their target price on shares from C$12.00 to C$13.00 and gave the stock an Outperform rating May 12th.
  • Canaccord Genuity boosted their target price on shares from C$12.00 to C$13.25 and gave the stock a buy” rating in a research report May 11th.

As we’ve previously reported (here and here), Killam Properties has been on an upswing for almost a year.

killampropertiesbloomberg1year-postedmanufacturedhousingindustrymarketsmanufacturedhomecommunitiesdailybusinesnewsmhpronews

Killam announced a distribution in August of $0.05 per unit was paid on September 15th to unit holders of record on August 31st.

cibc-rbc-tdsecurities-canacordgenuity-logos-postedmanufacturedhousingindustrymanufacturedhomecommunitiesdailybusinessnewsmhpronews

In their Q2 2016 earnings report on August 3rd, Killam reported 9.5% growth in FFO per unit, a $98 million dollar equity raise and $57 million of acquisitions completed. Details from the report can be found here.

philipfraser-presidentceokillamproperties-manufacturedhomecommunitiesdailybusinessnews-mhpronews

In addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario. Killam is part of the Daily Business News market report, for today’s closing numbers and full report, click here. ##
(Image credits are as shown above.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC WIlliams, for Daily Business News, MHProNews.

Submitted by RC Williams to the Daily Business News on MHProNews.

Manufactured Housing REITs Return Over 25 Percent

January 11th, 2016 Comments off

dollar housesThe National Association of Real Estate Investment Trust’s (NAREIT) Senior Vice President for Research and Information, Brad Case, said in 2015 stock exchange-listed equity REITs outperformed most other asset classes, even though the year was not particularly strong for REITs.

Noting that December was a microcosm of the 2015, Case said the FTSE (Financial Times Stock Exchange)/ Nareit All Equity Index advanced 1.3 percent in the last month of the year, while the S&P 500 index fell 1.6 percent.

On the year, returns on the All Equity REIT Index gained 2.8 percent, according to what reit informs MHProNews, while the S&P 500 Index rose 1.4 percent.

Manufactured housing (MH), self storage and apartment REITS numbered among the outperformers last year, with MH REITS producing returns of over 25 percent. Case says this is because they offer a “professional operation that is really meeting the needs of its target demographic audience,” which is picked up by investors who see the financial results.

There was talk for much of 2015 about the increase in interest rates on investors, but Case says the increase represents an improving economy which is good for REIT investors.

The truth is that REITs have brought down their use of leverage significantly. They are not as sensitive to rate increases. Most of their debt is fixed-rate, and holding that on their balance sheet as rates go up is a good thing,” Case said.

The MHProNews daily stock report, as seen here, routinely covers several MH REITs including Equity LifeStyle Properties, Killam Properties, Sun Communities and UMH Properties. ##

(Image credit: housingwire)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Killam Properties getting Notice from Analysts

November 5th, 2015 Comments off

killam properties logoPointing to a potential upside of $13.09 from the current price, equities researchers at Scotiabank have given Killam Properties (TSE :KMP) a target price of C$11.75 ($8.93 USD) in a research report issued to clients and investors on Wed., Nov. 4, according to dakotafinancialnews.

Other analysts have been issuing reports on Killam. TD Securities lowered their target price on the stock from C$12.00 to C$11.50 and put a “hold” rating on the company. RBC Company issued an “outperform” rating on Killam with a target of $12.00. Raymond James upgraded shares of Killam from an “outperform” rating to a “strong-buy” rating. Killam Properties closed at $10.49 on Wed., Nov. 4, as MHProNews documented in its daily MH-related stock report.

Killam has a one-year low of $9.21 and a one-year high of 11.24, with a market capitalization of $648.32 million and a P/E ratio of 22.85. The fifty-day moving average is $10.18 and the 200-day moving average is $10.27. Assets total approximately $1.5 billion.

In addition to multifamily apartments, Killam owns 35 manufactured home communities in Atlantic Canada and Ontario. ##

(Image credit: Killam Properties)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Raymond James Upgrades Killam Properties to “Strong Buy”

October 8th, 2015 Comments off

killam propertiesMHProNews has learned from dakotafinancialnews that investment analysts at Raymond James have upgraded Killam Properties (TSE:KMP) from an out-perform rating to a strong buy rating. Other comments on Killam include Dundee Securities upgrading Killam from a neutral rating to a buy rating, setting a C$11.50 price objective for the company stock.

Scotiabank set a C$11.50 price target on shares of Killam, giving the stock a “sector perform” rating in a report, while TD Securities dropped their target price on company stock from C$12.00 to C$11.50, setting a hold rating. RBC Capital issued an “outperform” rating and set a C$12.00 price target on shares of Killam.

The company stock has a 50-day moving average of $9.98, and a 200 day moving average of $10.36. The firm’s market cap is $630.28 million and has a PE ratio of 22.21. Company stock has a one year low of $9.21 and a one year high of $11.24.

Killam recently issued a dividend of $0.0382 per share, payable on Sept. 15 to shareholders of record as of August 31, 2015.

Killam owns and operates 35 manufactured home communities in Ontario and Atlantic Canada, and also owns multi-family apartments, totaling 199 properties, representing assets of $1.5 billion. In trading today, the stock closed at $10.12, up +1.50 percent. ##

(Photo credit: Killam Properties)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

MHCV Gains, Tracked Stocks Close Mixed, Deer Valley Plummets

March 23rd, 2015 Comments off

stock_report_March_23Unlike the three major indexes, the Manufactured Housing Composite Value (MHCV) moved up +0.32 percent to close at 641.3.

Oil dropped -0.17 percent to 47.38, often a portent for the Dow Jones Industrial Average which fell -11.61 points, -0.06 percent, to end the day at 18,116.04. The Nasdaq slipped -15.45 points, -0.31 percent, to finish at 5,010.97, while the S&P 500 lost -3.68 points, -0.17 percent, to close at 2,104.42.

Affiliated Managers Group, Inc. (AMG-NYSE) 219.23 -0.06 (-0.03%).

Berkshire Hathaway (BRKA-NYSE) Clayton Homes, Vanderbilt Mortgage and Finance, as well as MH home-building, lending and other housing suppliers parent company Berkshire Hathaway $218,646 +346.00 (+0.16%).

Cavco Industries (CVCO-NASDAQ) $74.92 -0.29 (-0.39%).

Deer Valley Corp. (DVLY-OTC) ) $0.30 -0.23 (-43.40 %).

Drew Industries Inc. (DW-NYSE) $64.41 +0.65 (+1.02).

Equity LifeStyle Properties, Inc. (ELSNYSE) $57.14 -0.48 (-0.83%).

Killam Properties (KMP-TO) $11.01 +0.01 (+0.09).

Liberty Homes (LIBHA-OTC) $0.05 0.00 (0.00).

Louisiana Pacific Corp. (LPX-NYSE) $16.43 -0.02 (-0.13%).

Nobility Homes (NOBH-OTC) $11.10 +0.30 (+2.78%).

Patrick Industries (PATK-NASDAQ) $62.60 +0.01 (+0.02%).

Skyline Corp. (SKY-NYSE) $3.60 +0.06 (+1.69%).

Sun Communities, Inc. (SUI-NYSE) $70.19 -1.08 (-1.52%).

Third Avenue Value Fund (TAVFX-OTC) $57.62 +0.73 (+1.28%).

UMH Properties, Inc. (UMH-NYSE) $10.38 +0.14 (+1.37%).

Universal Forest Products, Inc. (UFPI-NASDAQ) $52.79 -0.64 (- 1.20%). ##

(Graphic credit: CNNMoney)

matthew-silver-daily-business-news-mhpronews-com   Article submitted by Matthew J. Silver to Daily Business News-MHProNews.

 

Dow Tumbles as Investors Fear Rate Hike; MHCV Values Also Fall

March 6th, 2015 Comments off

March-6-2015-stock-market

MHCV values dropped 1.71% today.  In the stocks we track, most lost value. One exception was CG up 1.19%.

Reuters tells MHProNews that U.S. stocks closed lower on Friday and the S&P 500 declined for a second straight week after a strong monthly jobs report as investors bet that the Federal Reserve could raise interest rates sooner than previously expected.

Some of the worst-hit stocks were utilities and real estate investment trusts as they are high-yielding investments which would look less attractive after a rate hike.

The S&P and the Dow, which accelerated their declines as the day wore on, were under additional pressure because they had hit records earlier in the week after a strong February.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    17,856.85         -278.87           (-1.54%).

            S&P 500          2,071.26           -29.78           (-1.42%).      

            Nasdaq            4,927.37           -55.44           (-1.11%).

The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value:  601.1 Today’s Change: -1.71%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG)  214.39  -1.42 (-0.66%).

Berkshire Hathaway (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 218,810.98  -689.02   (-0.31%).

Carlyle Group (NASDAQ:CG) 27.29 +0.32 (1.19%).

Cavco Industries, Inc. (NASDAQ:CVCO) 69.56  -1.63 (-2.29%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 52.16  -1.74 (-3.23%).

Killam Properties Inc. (TSE:KMP) 10.67  -0.15 (-1.39%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.10  0.00 (0.00% March 6).

Skyline Corporation (NYSEMKT:SKY) 3.52 +0.02 (0.57%).

Sun Communities Inc. (NYSE:SUI) 66.37  -0.63 (-0.94%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX) 57.45-0.07 (-0.12% March 5).

UMH Properties, Inc. (NYSE:UMH) 9.33  -0.11 (-1.17%)

Universal Forest Products, Inc. (NASDAQ:UFPI) 51.78 -0.32 (-0.61%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-

 

Article Submitted by Sandra Lane to – Daily Business News- MHProNews.

Wall St closes up slightly ahead of jobs report; MHCV Values Rise

March 5th, 2015 Comments off

march-5-2015-stock-report

MHCV values went up 2.67% today.  In the stocks we track, there were only minor gains.  Highest increase: AMG 1.44% and CG 1.01%

Reuters tells MHProNews  that U.S. stocks closed modestly higher in light trading on Thursday as investors held back on big bets ahead of Friday’s jobs report. This report is expected to be a big factor in influencing the timing of a Federal Reserve interest rate hike. Focus on the report was heightened as many investors see it as one of the most import economic indicators due to be released ahead of the Fed’s meeting in mid-March.

“People are anticipating some fireworks tomorrow. That’s the best way to describe the waiting today,” said Paul Schatz, president and chief investment officer at Heritage Capital in Woodbridge, Connecticut.

The S&P and the Dow had hit records and the Nasdaq surpassed 5,000 at the start of the week after a strong February performance for U.S. stocks, giving additional reason for investors to take a breather on Thursday.

European news was some help to U.S. markets but higher-than-expected U.S. jobless claims took “a little bit of the wind out of the sails,” said Paul Brigandi, managing director of portfolio management at Direxion Funds in New York.

Initial jobless claims rose to 320,000 in the latest week, above the 295,000 estimate. The disappointing numbers came after a weaker-than-expected private payrolls report on Wednesday and ahead of Friday’s monthly employment report.

Listed below are the closing numbers for today’s stock trading.

            Dow Jones    18,135.72         +38.82            (0.21%).

            S&P 500          2,101.04          +2.51              (0.12%).        

            Nasdaq            4,982.81        +15.67             (0.32%).

 The Yahoo! Finance Manufactured Housing Composite Value (MHCV): Composite Value:  611.5 Today’s Change: +2.67%

As of approximately 4 PM ET: CNNMoney and Google Finance tell MHProNews:

Affiliated Managers Group, Inc. (NYSE: AMG)  215.81 +3.06 (1.44%).

Berkshire Hathaway (NYSE:BRK.A) – parent company to Clayton Homes, 21st Mortgage, Vanderbilt Mortgage, 21st Mortgage Corp., and other factory built housing industry suppliers. 219,500.00 +1,888.00 (0.87%).

Carlyle Group (NASDAQ:CG) 26.97 +0.27 (1.01%).

Cavco Industries, Inc. (NASDAQ:CVCO) 71.19 +0.43 (0.61%).

Deer Valley Corporation (OTCMKTS:DVLY) 0.700  +0.150 (27.27% Feb. 18).

Equity LifeStyle Properties, Inc. (NYSE:ELS) 53.90 +0.15 (0.28%).

Killam Properties Inc. (TSE:KMP) 10.82 +0.01 (0.09%).

Liberty Homes, Inc. (OTCMKTS:LIBHA) 0.0500  0.0000 (0.00% Feb. 10).

Nobility Homes Inc. (OTCMKTS:NOBH) 10.10 +0.10 (1.00% March 3).

Skyline Corporation (NYSEMKT:SKY) 3.50  +0.03 (0.86%).

Sun Communities Inc. (NYSE:SUI) 67.00  -0.04 (-0.06%).

Third Avenue Value Fund Institutional Class (OTCMKTS:TAVFX)  57.52-0.29 (-0.50% March 4).

UMH Properties, Inc. (NYSE:UMH) 9.44  0.00 (0.00%).

Universal Forest Products, Inc. (NASDAQ:UFPI) 52.10 -0.66 (-1.25%).

(Graphic credit: CNNMoney)

sandra-lane-daily-business-news-mhpronews-com-75x75-Article Submitted by Sandra Lane to – Daily Business News- MHProNews.