Brokerages forecast that UMH Properties, Inc. (NYSE:UMH) will report earnings of $0.18 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for UMH Properties’ earnings, with estimates ranging from $0.17 to $0.18. UMH Properties reported earnings of $0.17 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.9%. The company is expected to report its next earnings results on Tuesday, May 8th.
On average, analysts expect that UMH Properties will report full year earnings of $0.79 per share for the current year, with EPS estimates ranging from $0.73 to $0.83. For the next year, analysts expect that the firm will report earnings of $0.88 per share, with EPS estimates ranging from $0.83 to $0.91. Zacks’ EPS calculations are an average based on a survey of analysts that cover UMH Properties.
UMH Properties (NYSE:UMH) last released its quarterly earnings results on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.19. The firm had revenue of $28.70 million during the quarter, compared to the consensus estimate of $28.59 million. UMH Properties had a net margin of 0.68% and a return on equity of 0.45%. The business’s revenue was up 14.3% compared to the same quarter last year.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of UMH Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 28th. DA Davidson set a $16.00 price target on shares of UMH Properties and gave the company a “buy” rating in a research note on Monday, March 12th. Finally, B. Riley reaffirmed a “buy” rating on shares of UMH Properties in a research note on Monday, March 12th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. UMH Properties presently has an average rating of “Buy” and a consensus target price of $17.92.
In other news, insider Umh Properties, Inc. acquired 10,891 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was bought at an average cost of $14.14 per share, for a total transaction of $153,998.74. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last quarter, insiders have bought 11,059 shares of company stock valued at $156,003. 11.61% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. LPL Financial LLC increased its position in shares of UMH Properties by 30.5% during the fourth quarter. LPL Financial LLC now owns 19,907 shares of the real estate investment trust’s stock worth $297,000 after buying an additional 4,657 shares during the period. Neuberger Berman Group LLC increased its position in shares of UMH Properties by 2.4% during the third quarter. Neuberger Berman Group LLC now owns 250,244 shares of the real estate investment trust’s stock worth $3,891,000 after buying an additional 5,966 shares during the period. California Public Employees Retirement System increased its position in shares of UMH Properties by 13.2% during the third quarter. California Public Employees Retirement System now owns 53,717 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 6,281 shares during the period. Ellington Management Group LLC acquired a new stake in shares of UMH Properties during the fourth quarter worth $149,000. Finally, QS Investors LLC acquired a new stake in shares of UMH Properties during the fourth quarter worth $156,000. Institutional investors own 55.59% of the company’s stock.
UMH stock opened at $13.12 on Monday. The firm has a market cap of $458.24, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.67 and a beta of 0.48. UMH Properties has a 52-week low of $11.38 and a 52-week high of $17.90. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 2.14.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 5.49%. The ex-dividend date is Monday, May 14th. UMH Properties’s dividend payout ratio (DPR) is presently 101.41%.
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About UMH Properties
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 112 manufactured home communities containing approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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