UMH PROPERTIES/SH SH (NYSE:UMH) – Investment analysts at DA Davidson lowered their FY2018 earnings per share (EPS) estimates for UMH PROPERTIES/SH SH in a research report issued to clients and investors on Monday, November 5th. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will earn $0.74 per share for the year, down from their prior estimate of $0.75.
UMH PROPERTIES/SH SH (NYSE:UMH) last posted its quarterly earnings results on Thursday, November 1st. The real estate investment trust reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.28). The business had revenue of $33.45 million for the quarter, compared to the consensus estimate of $32.20 million. UMH PROPERTIES/SH SH had a negative return on equity of 14.43% and a negative net margin of 19.73%.
A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research raised shares of UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a research note on Wednesday, August 22nd. Boenning Scattergood initiated coverage on shares of UMH PROPERTIES/SH SH in a research note on Monday, September 17th. They set an “outperform” rating and a $19.50 price target for the company. B. Riley dropped their price target on shares of UMH PROPERTIES/SH SH from $17.00 to $16.00 and set a “buy” rating for the company in a research note on Monday. Finally, ValuEngine raised shares of UMH PROPERTIES/SH SH from a “hold” rating to a “buy” rating in a research note on Monday, October 29th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $17.33.
UMH opened at $13.35 on Wednesday. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 2.44. The company has a market cap of $492.45 million, a P/E ratio of 18.80, a price-to-earnings-growth ratio of 1.77 and a beta of 0.48. UMH PROPERTIES/SH SH has a fifty-two week low of $11.38 and a fifty-two week high of $16.69.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Thursday, November 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.39%. The ex-dividend date is Wednesday, November 14th. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is 101.41%.
In other UMH PROPERTIES/SH SH news, Chairman Eugene W. Landy sold 8,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $15.75, for a total value of $126,000.00. Following the completion of the sale, the chairman now owns 622,292 shares of the company’s stock, valued at $9,801,099. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Umh Properties, Inc. bought 9,396 shares of the stock in a transaction on Monday, September 17th. The stock was purchased at an average cost of $16.39 per share, with a total value of $154,000.44. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 9,532 shares of company stock valued at $156,004. 10.89% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of UMH. Nisa Investment Advisors LLC bought a new stake in UMH PROPERTIES/SH SH in the second quarter valued at approximately $139,000. Dynamic Technology Lab Private Ltd bought a new stake in UMH PROPERTIES/SH SH in the first quarter valued at approximately $160,000. State of Alaska Department of Revenue bought a new stake in UMH PROPERTIES/SH SH in the third quarter valued at approximately $166,000. A.R.T. Advisors LLC bought a new stake in UMH PROPERTIES/SH SH in the first quarter valued at approximately $199,000. Finally, SG Americas Securities LLC bought a new stake in UMH PROPERTIES/SH SH in the second quarter valued at approximately $228,000. 53.58% of the stock is owned by hedge funds and other institutional investors.
UMH PROPERTIES/SH SH Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 114 manufactured home communities containing approximately 20,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
See Also: What is a stock split?
Receive News & Ratings for UMH PROPERTIES/SH SH Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH PROPERTIES/SH SH and related companies with MarketBeat.com's FREE daily email newsletter.