UMH PROPERTIES/SH SH (NYSE:UMH) – Analysts at B. Riley issued their Q1 2020 earnings estimates for shares of UMH PROPERTIES/SH SH in a report released on Thursday, March 14th. B. Riley analyst C. Kucera forecasts that the real estate investment trust will post earnings per share of $0.23 for the quarter. B. Riley also issued estimates for UMH PROPERTIES/SH SH’s Q2 2020 earnings at $0.23 EPS, Q3 2020 earnings at $0.24 EPS, Q4 2020 earnings at $0.25 EPS and FY2020 earnings at $0.95 EPS.
UMH PROPERTIES/SH SH (NYSE:UMH) last announced its earnings results on Thursday, March 7th. The real estate investment trust reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.83). The firm had revenue of $34.25 million for the quarter, compared to analyst estimates of $33.35 million. UMH PROPERTIES/SH SH had a negative return on equity of 35.79% and a negative net margin of 43.63%.
UMH opened at $13.53 on Friday. 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 stock has a market capitalization of $522.75 million, a price-to-earnings ratio of 18.28, a P/E/G ratio of 1.62 and a beta of 0.76. UMH PROPERTIES/SH SH has a 1-year low of $11.14 and a 1-year high of $16.69.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, February 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.32%. The ex-dividend date is Thursday, February 14th. UMH PROPERTIES/SH SH’s payout ratio is presently 97.30%.
In related news, insider Umh Properties, Inc. acquired 11,958 shares of the stock in a transaction on Monday, December 17th. The stock was purchased at an average price of $13.72 per share, for a total transaction of $164,063.76. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders acquired a total of 12,124 shares of company stock valued at $166,066 in the last 90 days. Corporate insiders own 10.89% of the company’s stock.
Large investors have recently modified their holdings of the company. Quantamental Technologies LLC acquired a new stake in shares of UMH PROPERTIES/SH SH during the 4th quarter worth approximately $33,000. PNC Financial Services Group Inc. acquired a new stake in shares of UMH PROPERTIES/SH SH during the 4th quarter worth approximately $52,000. Great West Life Assurance Co. Can grew its position 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 buying an additional 1,816 shares during the period. Legal & General Group Plc grew its position 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 buying an additional 1,589 shares during the period. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of UMH PROPERTIES/SH SH by 181.1% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,855 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 7,638 shares during the period. Institutional investors own 58.23% of the company’s stock.
About UMH PROPERTIES/SH SH
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 115 manufactured home communities containing approximately 20,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
Featured Article: Why is the ex-dividend date different from the record date?
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.