Equities analysts expect UMH Properties, Inc. (NYSE:UMH) to announce $0.18 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for UMH Properties’ earnings. The lowest EPS estimate is $0.17 and the highest is $0.18. UMH Properties posted earnings per share of $0.17 during the same quarter last year, which suggests a positive year over year growth rate of 5.9%. The company is scheduled to issue its next earnings results on Tuesday, May 8th.
On average, analysts expect that UMH Properties will report full-year earnings of $0.79 per share for the current fiscal year, with EPS estimates ranging from $0.73 to $0.83. For the next year, analysts anticipate that the firm will post earnings of $0.88 per share, with EPS estimates ranging from $0.83 to $0.91. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover UMH Properties.
UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. UMH Properties had a return on equity of 0.45% and a net margin of 0.68%. The business had revenue of $28.70 million during the quarter, compared to the consensus estimate of $28.59 million. The firm’s quarterly revenue was up 14.3% on a year-over-year basis.
In other news, insider Umh Properties, Inc. bought 10,891 shares of the company’s stock in a transaction on Thursday, March 15th. The stock was purchased at an average cost of $14.14 per share, for a total transaction of $153,998.74. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired 11,059 shares of company stock valued at $156,003 over the last quarter. Corporate insiders own 11.61% of the company’s stock.
A number of institutional investors have recently bought and sold shares of UMH. Nationwide Fund Advisors raised its position in shares of UMH Properties by 231.0% during the third quarter. Nationwide Fund Advisors now owns 51,673 shares of the real estate investment trust’s stock worth $804,000 after acquiring an additional 36,060 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of UMH Properties by 74.6% during the third 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. Schwab Charles Investment Management Inc. raised its position in shares of UMH Properties by 101.0% during the third 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. Dimensional Fund Advisors LP raised its position in shares of UMH Properties by 6.2% during the third quarter. Dimensional Fund Advisors LP now owns 387,438 shares of the real estate investment trust’s stock worth $6,025,000 after acquiring an additional 22,599 shares during the last quarter. Finally, OxFORD Asset Management LLP raised its position in shares of UMH Properties by 78.8% during the third quarter. OxFORD Asset Management LLP now owns 68,375 shares of the real estate investment trust’s stock worth $1,060,000 after acquiring an additional 30,124 shares during the last quarter. Hedge funds and other institutional investors own 55.99% of the company’s stock.
Shares of UMH stock traded up $0.06 on Monday, hitting $13.25. 178,716 shares of the company’s stock were exchanged, compared to its average volume of 201,804. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 2.14. UMH Properties has a 12 month low of $11.38 and a 12 month high of $17.90. The company has a market cap of $460.68, a P/E ratio of 18.84, a P/E/G ratio of 1.68 and a beta of 0.47.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Tuesday, May 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Monday, May 14th. This represents a $0.72 annualized dividend and a yield of 5.43%. UMH Properties’s dividend payout ratio is presently 101.41%.
UMH Properties Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 112 manufactured home communities containing approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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