Analysts expect UMH Properties, Inc. (NYSE:UMH) to announce earnings of $0.20 per share for the current quarter, Zacks reports. Three analysts have issued estimates for UMH Properties’ earnings, with the highest EPS estimate coming in at $0.21 and the lowest estimate coming in at $0.19. UMH Properties reported earnings per share of ($0.01) in the same quarter last year, which suggests a positive year over year growth rate of 2,100%. The company is expected to report its next earnings results on Wednesday, March 14th.
On average, analysts expect that UMH Properties will report full-year earnings of $0.73 per share for the current year, with EPS estimates ranging from $0.72 to $0.74. For the next year, analysts forecast that the firm will post earnings of $0.88 per share, with EPS estimates ranging from $0.86 to $0.91. Zacks’ EPS averages are a mean average based on a survey of analysts that follow UMH Properties.
UMH Properties (NYSE:UMH) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The business had revenue of $28.69 million for the quarter, compared to the consensus estimate of $28.79 million. During the same quarter last year, the business earned ($0.02) EPS. UMH Properties’s revenue for the quarter was up 13.1% compared to the same quarter last year.
UMH Properties (NYSE UMH) traded up $0.25 during mid-day trading on Thursday, reaching $14.90. 652,600 shares of the company’s stock traded hands, compared to its average volume of 159,755. UMH Properties has a fifty-two week low of $13.65 and a fifty-two week high of $17.90. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $495.61, a price-to-earnings ratio of -67.72, a P/E/G ratio of 1.94 and a beta of 0.60.
The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 4.83%. UMH Properties’s dividend payout ratio (DPR) is presently -327.26%.
Several institutional investors have recently added to or reduced their stakes in UMH. Vanguard Group Inc. lifted its holdings in shares of UMH Properties by 202.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock worth $57,071,000 after acquiring an additional 2,242,115 shares during the last quarter. AJO LP lifted its holdings in shares of UMH Properties by 2,614.7% in the 2nd quarter. AJO LP now owns 369,151 shares of the real estate investment trust’s stock worth $6,294,000 after acquiring an additional 355,553 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of UMH Properties by 101.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 423,614 shares of the real estate investment trust’s stock worth $6,588,000 after acquiring an additional 212,866 shares during the last quarter. EAM Investors LLC bought a new stake in shares of UMH Properties in the 2nd quarter worth about $2,749,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of UMH Properties by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 311,558 shares of the real estate investment trust’s stock worth $4,832,000 after acquiring an additional 133,089 shares during the last quarter. Hedge funds and other institutional investors own 54.93% of the company’s stock.
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UMH Properties Company Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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