Wall Street analysts predict that UMH PROPERTIES/SH SH (NYSE:UMH) will post $0.19 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for UMH PROPERTIES/SH SH’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.20. UMH PROPERTIES/SH SH posted earnings per share of $0.18 in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.6%. The business is scheduled to issue its next earnings results after the market closes on Thursday, May 2nd.
On average, analysts expect that UMH PROPERTIES/SH SH will report full-year earnings of $0.82 per share for the current year, with EPS estimates ranging from $0.78 to $0.85. For the next financial year, analysts expect that the business will post earnings of $0.91 per share, with EPS estimates ranging from $0.86 to $0.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for UMH PROPERTIES/SH SH.
UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings results on Thursday, March 7th. The real estate investment trust reported ($0.87) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.83). UMH PROPERTIES/SH SH had a negative return on equity of 35.79% and a negative net margin of 43.63%. The company had revenue of $34.25 million during the quarter, compared to the consensus estimate of $33.35 million.
UMH stock opened at $13.82 on Friday. UMH PROPERTIES/SH SH has a 1 year low of $11.14 and a 1 year high of $16.69. The stock has a market capitalization of $535.91 million, a P/E ratio of 18.68, a P/E/G ratio of 1.68 and a beta of 0.76. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 3.23.
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 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 5.21%. The ex-dividend date is Tuesday, May 14th. UMH PROPERTIES/SH SH’s dividend payout ratio is 97.30%.
In other UMH PROPERTIES/SH SH news, insider Umh Properties, Inc. bought 19,365 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was acquired at an average price of $12.60 per share, with a total value of $243,999.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Mitchell bought 15,385 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $13.00 per share, with a total value of $200,005.00. The disclosure for this purchase can be found here. 10.89% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc increased its position in shares of UMH PROPERTIES/SH SH by 11.7% during the third quarter. Vanguard Group Inc now owns 3,459,170 shares of the real estate investment trust’s stock valued at $54,101,000 after acquiring an additional 361,864 shares in the last quarter. Vanguard Group Inc. increased its position in shares of UMH PROPERTIES/SH SH by 11.7% during the third quarter. Vanguard Group Inc. now owns 3,459,170 shares of the real estate investment trust’s stock valued at $54,101,000 after acquiring an additional 361,864 shares in the last quarter. BlackRock Inc. increased its position in shares of UMH PROPERTIES/SH SH by 4.6% during the fourth quarter. BlackRock Inc. now owns 2,632,656 shares of the real estate investment trust’s stock valued at $31,170,000 after acquiring an additional 114,828 shares in the last quarter. Ronna Sue Cohen increased its position in shares of UMH PROPERTIES/SH SH by 1,268.5% during the first quarter. Ronna Sue Cohen now owns 1,570,245 shares of the real estate investment trust’s stock valued at $1,570,000 after acquiring an additional 1,455,503 shares in the last quarter. Finally, Investment Counselors of Maryland LLC increased its position in shares of UMH PROPERTIES/SH SH by 109.3% during the fourth quarter. Investment Counselors of Maryland LLC now owns 918,300 shares of the real estate investment trust’s stock valued at $10,873,000 after acquiring an additional 479,576 shares in the last quarter. 56.31% of the stock is owned by institutional investors and hedge funds.
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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