UMH PROPERTIES/SH SH (UMH) Releases Quarterly Earnings Results

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UMH PROPERTIES/SH SH (NYSE:UMH) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.04), MarketWatch Earnings reports. UMH PROPERTIES/SH SH had a negative net margin of 43.63% and a negative return on equity of 35.79%.

Shares of UMH traded up $0.06 during mid-day trading on Friday, hitting $13.95. 146,060 shares of the company traded hands, compared to its average volume of 158,711. UMH PROPERTIES/SH SH has a 1-year low of $11.14 and a 1-year high of $16.69. 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 company has a market cap of $539.60 million, a P/E ratio of 18.85, a price-to-earnings-growth ratio of 1.72 and a beta of 0.74.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Tuesday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.16%. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is currently 97.30%.

Several research firms have commented on UMH. Zacks Investment Research lowered shares of UMH PROPERTIES/SH SH from a “buy” rating to a “hold” rating in a research report on Thursday, March 14th. Boenning Scattergood restated a “buy” rating and set a $19.50 price objective on shares of UMH PROPERTIES/SH SH in a report on Monday, March 11th.

In related news, insider Umh Properties, Inc. acquired 19,365 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were purchased at an average price of $12.60 per share, for a total transaction of $243,999.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Eugene W. Landy sold 8,000 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were 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. Corporate insiders own 10.89% of the company’s stock.

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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.

Further Reading: What kind of dividend yield to CEF’s pay?

Earnings History for UMH PROPERTIES/SH SH (NYSE:UMH)

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