Equities analysts expect UMH PROPERTIES/SH SH (NYSE:UMH) to report sales of $33.35 million for the current quarter, Zacks reports. Three analysts have issued estimates for UMH PROPERTIES/SH SH’s earnings, with the highest sales estimate coming in at $34.60 million and the lowest estimate coming in at $32.66 million. UMH PROPERTIES/SH SH reported sales of $28.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.2%. The company is scheduled to announce its next earnings results on Thursday, March 14th.
On average, analysts expect that UMH PROPERTIES/SH SH will report full-year sales of $128.69 million for the current financial year, with estimates ranging from $128.00 million to $129.94 million. For the next year, analysts expect that the company will report sales of $145.40 million, with estimates ranging from $137.50 million to $151.73 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for UMH PROPERTIES/SH SH.
UMH PROPERTIES/SH SH (NYSE:UMH) last announced its earnings results on Thursday, November 1st. The real estate investment trust reported ($0.31) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.28). The company had revenue of $33.45 million for the quarter, compared to the consensus estimate of $32.20 million. UMH PROPERTIES/SH SH had a negative return on equity of 14.43% and a negative net margin of 19.73%.
NYSE:UMH traded up $0.23 during trading hours on Friday, hitting $12.68. 204,100 shares of the company were exchanged, compared to its average volume of 184,762. The firm has a market cap of $487.39 million, a P/E ratio of 17.86, a P/E/G ratio of 1.82 and a beta of 0.48. The company has a quick ratio of 4.12, a current ratio of 4.12 and a debt-to-equity ratio of 2.44. UMH PROPERTIES/SH SH has a one year low of $11.38 and a one year high of $16.69.
The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Thursday, November 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.72 dividend on an annualized basis and a yield of 5.68%. UMH PROPERTIES/SH SH’s payout ratio is currently 101.41%.
In other UMH PROPERTIES/SH SH news, insider Umh Properties, Inc. purchased 9,396 shares of the firm’s stock in a transaction on Monday, September 17th. The stock was purchased at an average cost of $16.39 per share, for a total transaction of $154,000.44. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last quarter, insiders have acquired 10,274 shares of company stock valued at $165,001. Company insiders own 10.89% of the company’s stock.
A number of institutional investors have recently modified their holdings of UMH. Nisa Investment Advisors LLC acquired a new stake in UMH PROPERTIES/SH SH during the 2nd quarter worth about $139,000. State of Alaska Department of Revenue acquired a new stake in shares of UMH PROPERTIES/SH SH in the 3rd quarter valued at about $166,000. SG Americas Securities LLC acquired a new stake in shares of UMH PROPERTIES/SH SH in the 2nd quarter valued at about $228,000. Aperio Group LLC acquired a new stake in shares of UMH PROPERTIES/SH SH in the 2nd quarter valued at about $252,000. Finally, Fiduciary Group LLC acquired a new stake in shares of UMH PROPERTIES/SH SH in the 3rd quarter valued at about $266,000. Hedge funds and other institutional investors own 53.69% of the company’s stock.
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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