Analysts predict that UMH PROPERTIES/SH SH (NYSE:UMH) will announce earnings per share of $0.18 for the current quarter, Zacks reports. Three analysts have made estimates for UMH PROPERTIES/SH SH’s earnings, with the highest EPS estimate coming in at $0.18 and the lowest estimate coming in at $0.17. UMH PROPERTIES/SH SH reported earnings per share of $0.19 during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.3%. The business is expected to report its next earnings report on Thursday, November 7th.
According to Zacks, analysts expect that UMH PROPERTIES/SH SH will report full-year earnings of $0.68 per share for the current year, with EPS estimates ranging from $0.66 to $0.70. For the next fiscal year, analysts anticipate that the company will report earnings of $0.79 per share, with EPS estimates ranging from $0.76 to $0.82. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for UMH PROPERTIES/SH SH.
UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings results on Thursday, August 8th. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.32). UMH PROPERTIES/SH SH had a negative return on equity of 22.16% and a negative net margin of 23.38%. The firm had revenue of $37.23 million for the quarter, compared to analyst estimates of $36.26 million.
In related news, Director Steven B. Wolgin bought 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were acquired at an average cost of $11.80 per share, with a total value of $29,500.00. Following the completion of the transaction, the director now owns 34,441 shares of the company’s stock, valued at $406,403.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Umh Properties, Inc. bought 18,555 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was bought at an average cost of $13.15 per share, for a total transaction of $243,998.25. The disclosure for this purchase can be found here. Insiders have acquired a total of 21,922 shares of company stock worth $284,490 over the last ninety days. 10.84% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its holdings in UMH PROPERTIES/SH SH by 6.6% in the 4th quarter. Bank of New York Mellon Corp now owns 238,081 shares of the real estate investment trust’s stock worth $2,819,000 after acquiring an additional 14,658 shares during the last quarter. Northern Trust Corp raised its holdings in UMH PROPERTIES/SH SH by 6.8% in the 4th quarter. Northern Trust Corp now owns 545,785 shares of the real estate investment trust’s stock worth $6,461,000 after acquiring an additional 34,576 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in UMH PROPERTIES/SH SH by 4.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 464,806 shares of the real estate investment trust’s stock worth $5,503,000 after acquiring an additional 21,274 shares during the last quarter. Geode Capital Management LLC raised its holdings in UMH PROPERTIES/SH SH by 5.6% in the 4th quarter. Geode Capital Management LLC now owns 380,343 shares of the real estate investment trust’s stock worth $4,503,000 after acquiring an additional 20,106 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new position in UMH PROPERTIES/SH SH in the 4th quarter worth approximately $193,000. 57.66% of the stock is currently owned by institutional investors and hedge funds.
Shares of UMH PROPERTIES/SH SH stock traded up $0.60 during mid-day trading on Friday, hitting $12.66. 301,500 shares of the stock were exchanged, compared to its average volume of 190,092. UMH PROPERTIES/SH SH has a twelve month low of $11.14 and a twelve month high of $16.69. The stock has a market capitalization of $487.60 million, a price-to-earnings ratio of 17.11, a price-to-earnings-growth ratio of 1.78 and a beta of 0.63. The company has a 50-day simple moving average of $12.63 and a 200 day simple moving average of $13.37. The company has a current ratio of 3.05, a quick ratio of 2.73 and a debt-to-equity ratio of 2.59.
The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.18 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.69%. UMH PROPERTIES/SH SH’s dividend payout ratio is currently 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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