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Posts Tagged ‘moving average’

Sun Communities to Offer Q2 2013 Results

July 25th, 2013 Comments off

Manufactured Housing Community owner Sun Communities, Inc. (NYSE:SUI) will release its Q2 2013 financials before the market opens Thurs., July 25, to be followed by a conference call at 11 a.m. that same morning. For the first quarter of this year revenue increased 24.4 percent over the same period last year. The company has a one-year low of $36.15, a one-year high of $57.78, and a 50-day moving average of $50.34. Sun fell -3.06 percent Wed., July 24 to close at 51.02. The dailypolitical reports Sun’s market cap is $1.887 billion and the P/E ratio is 281.44. As MHProNews knows, Sun Communities is a real estate investment trust (REIT) that owns and operates 380 manufactured housing and recreational vehicle communities comprised of 67,380 developed sites.

(Photo credit: Sun Communities, Inc.)

Killam of Canada Declares Dividend

July 19th, 2013 Comments off

Canada’s Killam Properties, Inc. (TSE:KMP) report investors of record on July 31 will be paid a dividend of $0.0483 per share on Aug. 15, 2013. Three research analysts have rated the stock with a hold rating and four have rated it buy. While shares opened at $13.90 today, July 19, Killam has a one-year low of $10.41 and a one-year high of $13.40 with a 50-day moving average of $11.09. According to zolmax.com the company has a market cap of $589.3 million and a PE ratio of 10.97. MHProNews knows Killam is one of the largest owners of manufactured housing communities in Canada with 50 properties comprised of 7,407 homesites.

(Photo credit: Killam 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.)

Cavco Industries Shares Graded Up and Down

June 20th, 2013 Comments off

Shares of Cavco Industries, Inc. (NASDAQ:CVCO) stock have been commented on by three different analysts, going in different directions each time, in the last seven weeks. On May 1 The Street downgraded Cavco from a buy rating to a hold rating; May 28 The Street upgraded shares from hold to buy; on June 3 analysts at Thomson Reuters/Verus downgraded the shares from hold to sell; and Mon., June 17 Sidoti upgraded Cavco shares from a neutral rating to a buy rating. Cavco Industries closed down -0.18% at 48.60 today, Wed., June 19, on a day when all housing stocks except one that we track closed down—and Cavco lost the least percent of those. According to watchlistnews.com, the company’s 50-day moving average is 46.15, the market cap is $338.1 million, and price to earnings ratio is 68.58. As MHProNews knows, Cavco is the second largest producer of factory-built homes in North America.

(Photo credit: Cavco Industries, Inc.)

Cavco Stock Upgraded

May 31st, 2013 Comments off

MHProNews has been informed by tickerreport The Street has upgraded Cavco Industries, Inc. (NASDAQ:CVCO) from a hold rating to a buy rating, citing revenue growth, solid financial position with reasonable debt levels, and a rise in its stock price over the past year. Cavco was up +0.82% in today’s trading (May 30) to 47.93 and has a 50-day moving average of 46.15. Its market cap is $332.5 million and the company has a price-to-earnings ratio of 66.96. Cavco is the second largest producer of manufactured homes in North America, distributing their product through a network of independent and company-owned dealers.

(Image credit: Cavco Homes, Inc.)

Builders’ Confidence Wanes

April 18th, 2013 Comments off

The National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI) survey reports builder confidence dropped two points to a composite score of 42 in March as concerns over rising material costs, tight credit, shortages of skilled labor and available lots nag at the market for newly built, single-family homes. As MHProNews knows the survey is based on builders’ perceptions of current sales, sales expectations, and traffic of prospective buyers for the next six months, and has been used by the NAHB for 25 years. Any score above 50 indicates builders think conditions are good, whereas any number below 50 is interpreted as meaning conditions are poor. Regionally, based on a three-month moving average of HMI scores, the Northeast remained at 38, the Midwest lost two points to 45, the South suffered a four-point decline to 42, and the West lost three points to settle at 55.

(Photo credit: Sue Orgocki/Associated Press)

Multifamily Starts Still Strong

April 16th, 2013 Comments off

MHProNews has learned from the National Association of Home Builders (NAHB) figures released by HUD and the Census Bureau indicate total housing starts—single-family and multifamily– rose by seven percent in March, propelled by a 31.1 percent increase in new multifamily construction. As we have reported several times earlier, the rental market is currently very strong and growing. Meanwhile, single-family construction fell 4.8 percent from the previous month, and permit issuance dropped 3.9 percent. NAHB Chief Economist David Crowe, calling it a mixed bag because of the opposite directions of the two markets, says, “The three-month moving average for single-family starts remained unchanged at 628,000 units in March – which is right on pace with NAHB’s forecast for a 25 percent gain in new-home production in 2013.” Regionally, the Midwest, South and the West all gained in single and multifamily housing starts, while the Northeast region fell. Conversely, the Northeast posted a gain in issuance activity, while the other three regions experienced a decline.

(Photo credit: bloombergbusinessweek)

UMH to Pay Dividend

April 9th, 2013 Comments off

UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by 1.23% at 10.73, which is also its fifty-day moving average. The company earned 0.10 earnings per share in its last reported quarter. UMH owns and operates 68 communities comprised of 12,800 homesites, having recently acquired Holiday Mobile Village, a 274 site MHC in Nashville, Tenn., as we posted April 3. The company also maintains a portfolio of REITs.

(Photo credit: UMH Properties)

First-time Jobless Claims Near Five-year Low

January 21st, 2013 Comments off

CNNMoney informs MHProNews that first-time jobless claims fell to 335,000 for the week ending Jan. 12, falling to a near five-year low, and 37,000 less than the previous week, according to the Labor Dept. While economists had expected a reading of 370,000, they say it is a good sign but still only one week worth of data. The four week moving average fell by 6,750 to 359,250. On the flip side, continuing claims climbed from 3.1 million to 3.2 million for the week ending Jan. 5, 2013, higher than anticipated. In March 2009 initial claims peaked at 667,000.

(Photo credit: ebay)

Sun Rises

July 3rd, 2012 Comments off

SmarTrend tells MHProNews.com 63,000 shares of Sun Communities (NYSE:SUI) traded hands early today as the stock hit a 52-week high of $45.19. Trading in a range from $30.49 to $45.19 over the past year, the stock has risen 47 percent over the lowest share price. The 50-day moving average (MA) has increased +0.2%, while the 200-day MA has moved up +0.3%. Shares of Sun have risen 6.3% since June 14, 2012 when they hit $41.61 and SmarTrend suggested an Uptrend was in the making. The Southfield, Michigan-based real estate investment trust (REIT) has a portfolio of 162 MH and RV communities in the U.S.

(Image credit: Sun Communities)