Analysts expect UMH PROPERTIES/SH SH (NYSE:UMH) to announce earnings per share of $0.17 for the current fiscal quarter, Zacks reports. Four analysts have provided 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 per share of $0.16 in the same quarter last year, which would suggest a positive year-over-year growth rate of 6.3%. The business is expected to issue its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that UMH PROPERTIES/SH SH will report full-year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.68 to $0.80. For the next year, analysts forecast that the business will post earnings of $0.78 per share, with EPS estimates ranging from $0.75 to $0.82. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04). The company had revenue of $34.29 million for 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%.
UMH traded down $0.06 during midday trading on Friday, hitting $13.14. 2,900 shares of the company traded hands, compared to its average volume of 149,019. The company has a quick ratio of 2.73, a current ratio of 2.73 and a debt-to-equity ratio of 3.05. The company has a market cap of $520.36 million, a price-to-earnings ratio of 17.74, a PEG ratio of 1.82 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.48%. The ex-dividend date is Tuesday, May 14th. UMH PROPERTIES/SH SH’s payout ratio is 97.30%.
In other UMH PROPERTIES/SH SH news, insider Umh Properties, Inc. purchased 19,365 shares of the firm’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average cost 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 available at this link. Also, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $13.56, for a total transaction of $108,480.00. The disclosure for this sale can be found here. Company insiders own 10.89% of the company’s stock.
Several large investors have recently bought and sold shares of UMH. Quantamental Technologies LLC purchased a new position in shares of UMH PROPERTIES/SH SH in the fourth quarter worth about $33,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of UMH PROPERTIES/SH SH by 114.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,937 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,569 shares in the last quarter. PNC Financial Services Group Inc. purchased a new position in shares of UMH PROPERTIES/SH SH in the fourth quarter worth about $52,000. Great West Life Assurance Co. Can lifted its stake in shares of UMH PROPERTIES/SH SH by 44.0% in the fourth quarter. Great West Life Assurance Co. Can now owns 5,945 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,816 shares in the last quarter. Finally, Legal & General Group Plc lifted its stake in shares of UMH PROPERTIES/SH SH by 32.0% in the fourth quarter. Legal & General Group Plc now owns 6,547 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 1,589 shares in the last quarter. 54.76% of the stock is currently owned by hedge funds and other institutional investors.
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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