UMH Properties (UMH) Set to Announce Earnings on Wednesday

UMH Properties (NYSE:UMHGet Rating) will release its earnings data after the market closes on Wednesday, May 4th. Analysts expect UMH Properties to post earnings of $0.21 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

UMH Properties (NYSE:UMHGet Rating) last released its earnings results on Thursday, February 24th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.05). UMH Properties had a return on equity of 26.10% and a net margin of 27.45%. During the same quarter in the previous year, the firm posted $0.20 EPS. On average, analysts expect UMH Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

UMH stock opened at $23.94 on Wednesday. The stock has a market capitalization of $1.25 billion, a P/E ratio of 54.41, a P/E/G ratio of 5.08 and a beta of 1.18. The firm has a 50-day simple moving average of $24.05 and a 200-day simple moving average of $24.12. The company has a quick ratio of 8.00, a current ratio of 8.00 and a debt-to-equity ratio of 1.78. UMH Properties has a 52 week low of $20.29 and a 52 week high of $27.50.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Investors of record on Monday, May 16th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.80 annualized dividend and a yield of 3.34%. UMH Properties’s dividend payout ratio is presently 181.82%.

Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of UMH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, March 3rd. StockNews.com assumed coverage on shares of UMH Properties in a research note on Thursday, March 31st. They set a “sell” rating for the company. Finally, Colliers Securities assumed coverage on shares of UMH Properties in a research note on Wednesday, January 19th. They set a “neutral” rating and a $26.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, UMH Properties currently has an average rating of “Hold” and a consensus target price of $26.90.

In other news, Director Steven B. Wolgin sold 4,285 shares of the company’s stock in a transaction that occurred on Friday, February 25th. The shares were sold at an average price of $23.09, for a total value of $98,940.65. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Steven B. Wolgin sold 2,750 shares of the company’s stock in a transaction that occurred on Thursday, March 10th. The stock was sold at an average price of $24.40, for a total transaction of $67,100.00. The disclosure for this sale can be found here. In the last three months, insiders bought 1,132 shares of company stock valued at $26,767 and sold 8,710 shares valued at $206,663. Corporate insiders own 10.95% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Comerica Bank acquired a new stake in UMH Properties during the 3rd quarter worth approximately $208,000. BNP Paribas Arbitrage SA lifted its holdings in UMH Properties by 474.4% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 9,184 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 7,585 shares in the last quarter. LPL Financial LLC acquired a new stake in UMH Properties during the 3rd quarter worth approximately $216,000. Citigroup Inc. lifted its holdings in UMH Properties by 32.0% during the 4th quarter. Citigroup Inc. now owns 11,862 shares of the real estate investment trust’s stock worth $324,000 after buying an additional 2,874 shares in the last quarter. Finally, Legal & General Group Plc lifted its holdings in UMH Properties by 4.0% during the 4th quarter. Legal & General Group Plc now owns 19,046 shares of the real estate investment trust’s stock worth $521,000 after buying an additional 730 shares in the last quarter. Hedge funds and other institutional investors own 67.74% of the company’s stock.

UMH Properties Company Profile (Get Rating)

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

See Also

Earnings History for UMH Properties (NYSE:UMH)

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