Archive

Posts Tagged ‘REIT’

Equity LifeStyle Properties Investor Management Fund, Dividend Updates

September 29th, 2016 Comments off
EquityLifestylePropertiesExpectedToPayDividendOnOctober14thequitylifestyleproperties-elslogo-creditels-posteddailybusinessnews-mhpronews

Credit: ELS logo, used on MHProNews under fair use guidelines.

Equity Lifestyle Properties, Inc. (NYSE:ELS) is expected to pay a $0.43 dividend on Oct 14, 2016.

ELS shareholders owning stock before Sep 28, 2016 will be eligible to receive the payout. Based on Equity Lifestyle Properties, Inc.’s current price of $79.70, the dividend is 0.53%. The indicated annual dividend is $1.70.

As manufactured housing professionals, investors and enthusiasts know, ELS is a REIT – a Real Estate Investment Trust – and is one of the largest owner/operators of manufactured home communities and RV parks in the nation.

EquityLifestylePropertiesExpectedToPayDividendOnOctober14thels-california-hawaiian-san-jose-calif-mhvillage-creditManufacturedHousingIndustryDailyBusinessNewsMHProNews

Credit: MHProNews

The company has a market cap of $6.83 billion, and is one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here.

According to Kentucky Post News, ELS stock decreased 0.41% or $0.33 on September 26, hitting $79.70, has risen 13.68% since February 23, 2016 and is trending upward. It has outperformed by 1.98% the S&P500.

els-equity-lifestyle-properties-expected-to-pay-dividend-on-october-14thcreditbloomberg-postedmanufacturedhousingindustrydailybusinessnewsmhpronews

ELS 1 year Stock Performance. Credit: Bloomberg

The next ELS earnings call is scheduled for October 17th at 4pm ET.

Sample Investor Breakouts:

  • Resolution Capital Ltd holds 5.63% of its portfolio in Equity Lifestyle Properties, Inc. equal to 1.07 million shares.
  • Irving Magee Investment Management owns 141,811 shares or 5.54% of their US portfolio.
  • First Western Capital Management Co has 3.83% invested in the company for 130,859 shares.
  • The New York-based Waterfront Capital Partners LLC has invested 2.41% in the stock.
  • Independent Order Of Foresters, a Ontario – Canada-based fund reported 29,956 shares.
 EquityLifestylePropertiesExpectedToPayDividendOnOctober14th

Ridgewood Estates. Credit: ELS & MHProNews

The Daily Business News has covered ELS in depth for years, including their recent September 8th acquisition in Ellenton, FL.

Additionally, our exclusive report on Sam Zell’s views of the MHC industry are linked here. ##

(Image credits are as shown.)

rcwilliams-writer75x75manufacturedhousingindustrymhpronews

RC WIlliams, for Daily Business News, MHProNews.

MH Industry Market Report by RC Williams to the Daily Business News for MHProNews.

Quo Vadis ELS? Analysts Look at Hotly-Traded Equity LIfeStyle Properties Stock

August 31st, 2016 Comments off

QuoVadisELS-postedDailyBusinessNews-MHProNewsTuesday, 8.30.2016 saw some 194,207 shares Equity Lifestyle Properties, Inc. (NYSE:ELS) trade hands, says the PressTelegraph. But their headline on this date erred in say “stock dropped,” as Yahoo! Finance confirmed the Daily Business News’ Bloomberg supplied ticker’s report that ELS’ stock was up, closing at 77.79, +0.19 (+0.24%).

EquityLifeStyleProperties-ELSlogo-creditELS-postedDailyBusinessNews-MHProNews-

InvestorNewswire states that the consensus rating on ELS by analysts covering the stock stood at 2. That numeric value is based upon a simplified ratings scale of 1-5, where 1 represents a Strong Buy, and 5 is a Strong Sell. So 2 is a buy.

Current projections range from $73 to $87 with the average sitting at $78.333. ELS will be doing its quarterly report on 10.17.2016.

ELSEquityLifeStylePropertiesTicker8.30.2016-creditBloomberg-postedDailyBusinessnewsMHProNews

Bloomberg Ticker for ELS today, posted on the Daily Business News market report.

As manufactured housing professionals, investors and enthusiasts know, ELS is REIT and one of the largest owner/operators of manufactured home communities and RV parks.

A prior report on ELS reported by Frank Griffin is linked here. ELS is one of the manufactured home industry connected stocks tracked every business day by the Daily Business News, with the most recent report, linked here. A link to an interview with ELS Chairman Sam Zell, is linked here. ##

(Image credits, font/text by MHProNews, ELS logo is the property of that firm, and is used here under fair use guidelines.)

l-a-tony-kovach-daily-business-news-mhpronews-

L. A. ‘Tony’ Kovach is the publisher of MHProNews.com and MHLivingNews.com.

(Editor’s Notes: “Quo vadis” is Latin for, “where are you going?” Matthew Silver is taking some much needed and well-earned time off, and L. A. “Tony” Kovach will be helping fill the Daily Business News role in the interim).

MH Industry Market Reports by L. A. “Tony” Kovach, to the Daily Business News for MHProNews.

Sun Communities Aims to Streamline Compensation and Enhance Workflows

July 13th, 2016 Comments off

sun communnities community postedDailyBusinessNewsMHProNewsThe Xactly Corporation, a cloud-based company that specializes in increasing employee performance by incentivizing them and keeping their behavior in line with company goals, has been chosen by Sun Communities, Inc. (NYSE:SUI) to speed the sales compensation process and enhance workflows.

Xactly will standardize our workflows and greatly improve internal communication around commissions so everyone involved can have access to pertinent data which will speed up our entire process,” said Marc Farrugia, VP of HR of Sun Communities, as businesswire informs MHProNews.

By having a single, easy-to-read dashboard to view plans, payments and documents, staff will have more time to concentrate on plan effectiveness. Farrugia added, “Xactly will give us a single source of truth to easily report on and analyze our compensation data so that we can ensure our compensation spend is strategically allocated.”

Since acquiring 103 MHCs from Carefree Communities, Sun, a real estate investment trust (REIT), owns and operates 337 manufactured home and recreational vehicle communities comprised of 117,000 developed sites. It’s stock is reported on the MHProNews daily stock report, as seen here. ##

(Photo credit: Sun Communities, Inc.)

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

UMH Properties Announces Quarterly Stock Dividends

July 4th, 2016 Comments off

umh communities creditThe Board of Directors of UMH Properties, Inc. (NYSE: UMH) declared its quarterly cash dividend on the company’s common stock of $0.18 per share payable September 15, 2016, to shareholders of record as of Aug. 15, 2016. This equates to an annual dividend rate of $0.72 per share, as satprnews tells MHProNews.

Additionally, the Company’s 8.25% Series A Cumulative Redeemable Preferred Stock will yield a quarterly dividend of $0.515625 per share, payable Sept. 15, 2016 to shareholders of record as of Aug. 15, 2016. Series A preferred share dividends are payable quarterly at a rate of $2.0625 per share.

On the Company’s 8.0% Series B Cumulative Redeemable Preferred Stock, a quarterly dividend of $0.50 per share has been declared by the board of directors for the period June 1, 2016 through Aug. 31, 2016, payable Sept. 15, 2016 to shareholders of record as of Aug. 15, 2016.

In trading at the end of the day Fri., July 1, UMH finished the week up +4.44 percent at $11.75, as MHProNews recorded in its daily MH-related stock report.

A public REIT (real estate investment trust), UMH owns and operates 98 manufactured home communities comprised of 17,800 developed sites in seven eastern states. It also owns a portfolio of REIT securities. ##

(Photo credit: UMH Properties, Inc.)

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

UMH Properties to Release, Discuss Q2 2016 Financials

June 25th, 2016 Comments off

umh_mfg_home__cedit_umhMHProNews has learned from prnewswire that manufactured home community (MHC) owner UMH Properties, Inc. (NYSE:UMH) will hold its 2nd quarter 2016 financial results webcast and conference call Fri., Aug. 5, 2016 at 10:00 AM eastern time. Senior management will assess the results, current market conditions and future outlook.

UMH’s second quarter financials will be released Thurs., Aug. 4, 2016 following the close of the New York Stock Exchange. A transcript of the call and a replay of the webcast will be available until Nov. 1, 2016 at www.umh.reit.

UMH owns and operates 98 MHCs in seven eastern states comprised of 17,800 developed home sites. The company also owns a portfolio of REIT securities. ##

(Photo credit: UMH Properties, Inc.)

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

Freddie Mac may Finance Rental-only Community for UMH

June 24th, 2016 Comments off

sam_landy__reit_dot_comIn a video interview at REITWeek 2016:NAREIT’s Investor Forum, Sam Landy, President and CEO of UMH Properties, Inc. (NYSE:UMH), commenting on the 31 percent increase in core funds from operations (FFO) in Q1 2016, said: “It’s what we have been planning going back about six years when we started doing our acquisitions. If we improve the properties, add rental units, add marketing, the revenue’s going to go up, and it’s going to bring the FFO up.”

When asked what the next six months will bring for UMH, Landy says, “Eventually people are going to see that we are creating these results on a consistent basis which will drive the stock price up. Another exciting thing is, we may do our first rental-only community. Freddie Mac may be able to finance our community and our houses at their sub-four interest rates. It will be the first rental-only community in the country financed by Freddie Mac.”

As MHProNews knows, UMH owns and operates a portfolio of 98 manufactured home communities in seven northeast states, and also owns a portfolio of REIT securities. ##

(Photo credit: reit.com-Sam Landy, President and CEO of UMH Properties, Inc.)

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

UMH Properties to Release Q1 Financials

March 30th, 2016 Comments off

umh_mfg_home__cedit_umhMHProNews has learned from prnewswire that manufactured home community (MHC) owner UMH Properties, Inc. will release first quarter 2016 financial results after the market closes on Mon., May 9, 2016, followed by a conference call to discuss the results the next day, Tue., May 10 at 10:00 AM eastern standard time.

UMH is a publicly-traded real estate investment trust (REIT) that owns and operates 98 MHCs comprised of 17,800 developed home sites in seven states east of the Mississippi, as well as a portfolio of REITs. ##

(Photo credit: UMH Properties, Inc.)

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

UMH Issues Series B Preferred Stock

October 26th, 2015 Comments off

stock_exchange_electronic_boar__neurolog_dash_kielceMHProNews has learned from yahoobiz that manufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) has completed its issuance and sale of 1,801,200 shares of 8.0 percent Series B Cumulative Redeemable Preferred Stock at a sale price of $25.00 per share. These shares are equal to the company’s outstanding 8.25 percent Series A Preferred Stock of which 3,663,800 shares are outstanding.

Of the $45,030,000 proceeds, after expenses the remaining $43.3 million will be used to acquire additional properties and for other corporate purposes, including repayment of debt. The Series B stock will be listed on the NYSE beginning Oct. 26.

MHProNews knows UMH owns and operates over 95 MHCs in seven states comprising 16,600 home sites plus 1,000 acres to be developed. The company is a real estate investment trust (REIT) and owns a portfolio of REIT securities. ##

(Photo credit: neurolog-kielce–electronic stock exchange board)

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

UMH Acquires Ohio Manufactured Home Community

October 22nd, 2015 Comments off

umh communities creditCatalina manufactured home community (MHC) in Middletown, Ohio, midway between Cincinnati and Dayton, has been acquired by Freehold, NJ-based UMH Properties, Inc., according to baystreet.

Emphasizing community, safety, quality, and affordability, Catalina has a pool, playground and safety patrol, as part of UMH’s dedication to making its MHCs friendly and secure. The company dedicates a portion of its capital budget to neighborhood improvements as needed.

According to MHVillage, Catalina, built in 1968, is an all age community with 462 home sites, five percent of them multi-sectional homes. No sale price was immediately available.

MHProNews knows UMH owns and operates over 95 MHCs in seven states comprising 16,600 home sites plus 1,000 acres to be developed. The company is a real estate investment trust (REIT) and owns a portfolio of REIT securities. #

(Photo credit: UMH Properties, Inc.)

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