Wall Street brokerages expect UMH PROPERTIES/SH SH (NYSE:UMH) to report $0.17 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for UMH PROPERTIES/SH SH’s earnings. The highest EPS estimate is $0.18 and the lowest is $0.16. UMH PROPERTIES/SH SH posted earnings of $0.16 per share during the same quarter last year, which suggests a positive year over year growth rate of 6.3%. The firm is expected to report its next quarterly earnings results after the market closes on Tuesday, August 6th.
On average, analysts expect that UMH PROPERTIES/SH SH will report full-year earnings of $0.70 per share for the current fiscal year, with EPS estimates ranging from $0.68 to $0.71. For the next fiscal year, analysts expect that the company will post earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.82. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that cover UMH PROPERTIES/SH SH.
UMH PROPERTIES/SH SH (NYSE:UMH) last posted its quarterly earnings data on Thursday, May 2nd. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The firm had revenue of $34.29 million during the quarter, compared to analysts’ expectations of $34.67 million. UMH PROPERTIES/SH SH had a negative net margin of 13.68% and a negative return on equity of 11.83%.
In related news, insider Umh Properties, Inc. purchased 18,555 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was bought at an average price of $13.15 per share, for a total transaction of $243,998.25. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $13.20, for a total transaction of $105,600.00. Following the sale, the chairman now owns 623,243 shares of the company’s stock, valued at approximately $8,226,807.60. The disclosure for this sale can be found here. Company insiders own 10.84% of the company’s stock.
Several hedge funds have recently modified their holdings of UMH. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of UMH PROPERTIES/SH SH by 114.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,937 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,569 shares during the last quarter. PNC Financial Services Group Inc. purchased a new stake in shares of UMH PROPERTIES/SH SH during the 4th quarter worth approximately $52,000. Great West Life Assurance Co. Can increased its stake in shares of UMH PROPERTIES/SH SH by 44.0% during the 4th quarter. Great West Life Assurance Co. Can now owns 5,945 shares of the real estate investment trust’s stock worth $68,000 after purchasing an additional 1,816 shares during the last quarter. Legal & General Group Plc increased its stake in shares of UMH PROPERTIES/SH SH by 32.0% during the 4th quarter. Legal & General Group Plc now owns 6,547 shares of the real estate investment trust’s stock worth $78,000 after purchasing an additional 1,589 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in shares of UMH PROPERTIES/SH SH by 32.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 5,700 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors own 57.70% of the company’s stock.
NYSE:UMH opened at $12.41 on Wednesday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 2.73 and a current ratio of 2.73. The stock has a market cap of $483.61 million, a price-to-earnings ratio of 16.77, a price-to-earnings-growth ratio of 1.76 and a beta of 0.74. UMH PROPERTIES/SH SH has a 52 week low of $11.14 and a 52 week high of $16.69. The company has a 50-day moving average price of $13.25.
The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th were paid a $0.18 dividend. The ex-dividend date was Tuesday, May 14th. This represents a $0.72 annualized dividend and a yield of 5.80%. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is 97.30%.
About UMH PROPERTIES/SH SH
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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