Analysts predict that UMH PROPERTIES/SH SH (NYSE:UMH) will report $32.20 million in sales for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for UMH PROPERTIES/SH SH’s earnings, with estimates ranging from $32.05 million to $32.34 million. UMH PROPERTIES/SH SH posted sales of $28.69 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.2%. The company is expected to issue its next quarterly earnings report after the market closes on Thursday, November 1st.
On average, analysts expect that UMH PROPERTIES/SH SH will report full-year sales of $127.08 million for the current year, with estimates ranging from $126.47 million to $127.43 million. For the next financial year, analysts forecast that the business will report sales of $144.16 million, with estimates ranging from $136.04 million to $148.71 million. Zacks’ sales calculations are an average based on a survey of research firms that cover UMH PROPERTIES/SH SH.
UMH PROPERTIES/SH SH (NYSE:UMH) last posted its quarterly earnings results on Tuesday, August 7th. The real estate investment trust reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.21. UMH PROPERTIES/SH SH had a negative net margin of 8.17% and a negative return on equity of 5.62%. The business had revenue of $32.10 million for the quarter, compared to the consensus estimate of $32.03 million.
Several equities analysts have commented on UMH shares. Zacks Investment Research downgraded shares of UMH PROPERTIES/SH SH from a “buy” rating to a “hold” rating in a research report on Thursday. Boenning Scattergood started coverage on shares of UMH PROPERTIES/SH SH in a research report on Monday, September 17th. They set an “outperform” rating and a $19.50 target price on the stock.
In other UMH PROPERTIES/SH SH news, Chairman Eugene W. Landy sold 8,000 shares of the stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $15.75, for a total transaction of $126,000.00. Following the transaction, the chairman now directly owns 622,292 shares of the company’s stock, valued at $9,801,099. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Umh Properties, Inc. purchased 9,396 shares of the firm’s stock in a transaction on Monday, September 17th. The shares were purchased at an average price of $16.39 per share, with a total value of $154,000.44. The disclosure for this purchase can be found here. Insiders have acquired 9,532 shares of company stock worth $156,004 over the last three months. Company insiders own 10.89% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its holdings in UMH PROPERTIES/SH SH by 38.7% during the third quarter. Nisa Investment Advisors LLC now owns 12,550 shares of the real estate investment trust’s stock valued at $196,000 after acquiring an additional 3,500 shares during the period. Swiss National Bank boosted its holdings in UMH PROPERTIES/SH SH by 7.2% during the first quarter. Swiss National Bank now owns 53,400 shares of the real estate investment trust’s stock valued at $716,000 after acquiring an additional 3,600 shares during the period. Rhumbline Advisers boosted its holdings in UMH PROPERTIES/SH SH by 18.9% during the second quarter. Rhumbline Advisers now owns 35,225 shares of the real estate investment trust’s stock valued at $541,000 after acquiring an additional 5,609 shares during the period. State of New Jersey Common Pension Fund D boosted its holdings in UMH PROPERTIES/SH SH by 2.6% during the third quarter. State of New Jersey Common Pension Fund D now owns 396,000 shares of the real estate investment trust’s stock valued at $6,193,000 after acquiring an additional 10,000 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in UMH PROPERTIES/SH SH by 7.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 156,701 shares of the real estate investment trust’s stock valued at $2,406,000 after acquiring an additional 10,495 shares during the period. Institutional investors own 53.00% of the company’s stock.
Shares of NYSE UMH traded down $0.29 during mid-day trading on Wednesday, reaching $14.37. The company had a trading volume of 137,409 shares, compared to its average volume of 184,498. UMH PROPERTIES/SH SH has a twelve month low of $11.38 and a twelve month high of $16.69. The company has a current ratio of 5.21, a quick ratio of 5.21 and a debt-to-equity ratio of 2.22. The company has a market capitalization of $543.22 million, a PE ratio of 20.24, a price-to-earnings-growth ratio of 1.95 and a beta of 0.37.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 5.01%. The ex-dividend date is Wednesday, November 14th. UMH PROPERTIES/SH SH’s payout ratio is 101.41%.
UMH PROPERTIES/SH SH Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 114 manufactured home communities containing approximately 20,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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