Equities research analysts expect that UMH PROPERTIES/SH SH (NYSE:UMH) will post sales of $37.87 million for the current quarter, according to Zacks. Three analysts have issued estimates for UMH PROPERTIES/SH SH’s earnings, with the highest sales estimate coming in at $38.82 million and the lowest estimate coming in at $37.23 million. UMH PROPERTIES/SH SH reported sales of $33.45 million during the same quarter last year, which indicates a positive year over year growth rate of 13.2%. The firm is scheduled to announce its next quarterly earnings report on Thursday, November 7th.
According to Zacks, analysts expect that UMH PROPERTIES/SH SH will report full-year sales of $147.51 million for the current financial year, with estimates ranging from $144.70 million to $150.75 million. For the next fiscal year, analysts expect that the firm will post sales of $160.30 million, with estimates ranging from $152.29 million to $169.12 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for UMH PROPERTIES/SH SH.
UMH PROPERTIES/SH SH (NYSE:UMH) last posted its earnings results on Thursday, August 8th. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.32). The business had revenue of $37.23 million during the quarter, compared to the consensus estimate of $36.26 million. UMH PROPERTIES/SH SH had a negative return on equity of 22.16% and a negative net margin of 23.38%.
NYSE:UMH traded up $0.60 during mid-day trading on Tuesday, hitting $12.66. 301,500 shares of the stock traded hands, compared to its average volume of 190,092. The stock has a market capitalization of $487.60 million, a price-to-earnings ratio of 17.11, a PEG ratio of 1.78 and a beta of 0.63. UMH PROPERTIES/SH SH has a 52 week low of $11.14 and a 52 week high of $16.69. The firm’s 50 day moving average is $12.63 and its two-hundred day moving average is $13.37. The company has a quick ratio of 2.73, a current ratio of 3.05 and a debt-to-equity ratio of 2.59.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be given a $0.18 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $0.72 annualized dividend and a yield of 5.69%. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is 97.30%.
In other news, Director Steven B. Wolgin acquired 2,500 shares of UMH PROPERTIES/SH SH stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $11.80 per share, for a total transaction of $29,500.00. Following the purchase, the director now directly owns 34,441 shares in the company, valued at approximately $406,403.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Umh Properties, Inc. acquired 18,555 shares of UMH PROPERTIES/SH SH stock in a transaction that occurred on Monday, June 17th. The shares were purchased at an average price of $13.15 per share, with a total value of $243,998.25. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 21,922 shares of company stock valued at $284,490. 10.84% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently bought and sold shares of UMH. Bank of New York Mellon Corp increased its stake in UMH PROPERTIES/SH SH by 6.6% in the fourth quarter. Bank of New York Mellon Corp now owns 238,081 shares of the real estate investment trust’s stock valued at $2,819,000 after acquiring an additional 14,658 shares during the last quarter. Northern Trust Corp increased its stake in UMH PROPERTIES/SH SH by 6.8% in the fourth quarter. Northern Trust Corp now owns 545,785 shares of the real estate investment trust’s stock valued at $6,461,000 after acquiring an additional 34,576 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in UMH PROPERTIES/SH SH by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 464,806 shares of the real estate investment trust’s stock valued at $5,503,000 after acquiring an additional 21,274 shares during the last quarter. Geode Capital Management LLC increased its stake in UMH PROPERTIES/SH SH by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 380,343 shares of the real estate investment trust’s stock valued at $4,503,000 after acquiring an additional 20,106 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in UMH PROPERTIES/SH SH in the fourth quarter valued at $193,000. Hedge funds and other institutional investors own 57.66% 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 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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