Zacks: Analysts Anticipate UMH Properties, Inc. (NYSE:UMH) to Announce $0.19 Earnings Per Share

Brokerages expect UMH Properties, Inc. (NYSE:UMHGet Rating) to report earnings per share of $0.19 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for UMH Properties’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.18. UMH Properties reported earnings of $0.22 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 13.6%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that UMH Properties will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.81 to $0.90. For the next fiscal year, analysts expect that the firm will report earnings of $1.18 per share, with EPS estimates ranging from $1.14 to $1.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow UMH Properties.

UMH Properties (NYSE:UMHGet Rating) last posted its earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.21 by ($0.30). UMH Properties had a return on equity of 16.45% and a net margin of 21.44%. During the same period in the previous year, the firm earned $0.20 EPS.

UMH has been the subject of several recent analyst reports. Zacks Investment Research cut UMH Properties from a “buy” rating to a “hold” rating in a research report on Tuesday, May 10th. Maxim Group reiterated a “buy” rating and issued a $28.00 price objective on shares of UMH Properties in a report on Friday, May 6th. StockNews.com began coverage on UMH Properties in a report on Thursday, March 31st. They issued a “sell” rating for the company. Finally, B. Riley cut their price objective on UMH Properties from $27.00 to $26.00 and set a “buy” rating for the company in a report on Monday, May 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $26.92.

In other UMH Properties news, 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Kenneth K. Quigley, Jr. bought 2,500 shares of UMH Properties stock in a transaction on Monday, May 16th. The shares were purchased at an average price of $19.35 per share, for a total transaction of $48,375.00. Following the acquisition, the director now directly owns 19,865 shares in the company, valued at approximately $384,387.75. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 7,087 shares of company stock valued at $139,982 and have sold 8,710 shares valued at $206,663. Corporate insiders own 10.95% of the company’s stock.

Several hedge funds have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of UMH Properties in the 1st quarter worth approximately $243,000. Point72 Hong Kong Ltd purchased a new stake in UMH Properties during the 1st quarter valued at $58,000. Dynamic Technology Lab Private Ltd purchased a new stake in UMH Properties during the 1st quarter valued at $235,000. State Street Corp boosted its stake in UMH Properties by 45.1% during the 1st quarter. State Street Corp now owns 1,352,259 shares of the real estate investment trust’s stock valued at $33,252,000 after purchasing an additional 420,618 shares during the last quarter. Finally, Kensington Investment Counsel LLC purchased a new stake in UMH Properties during the 1st quarter valued at $270,000. Hedge funds and other institutional investors own 69.02% of the company’s stock.

UMH Properties stock traded up $0.34 during midday trading on Friday, hitting $19.33. 540,375 shares of the company’s stock were exchanged, compared to its average volume of 333,818. UMH Properties has a 52-week low of $18.75 and a 52-week high of $27.50. The stock has a 50-day moving average price of $23.11 and a two-hundred day moving average price of $23.79. The company has a debt-to-equity ratio of 2.00, a quick ratio of 16.65 and a current ratio of 16.65. The company has a market cap of $1.05 billion, a P/E ratio of 101.74, a PEG ratio of 4.37 and a beta of 1.14.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Monday, May 16th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date of this dividend is Friday, May 13th. UMH Properties’s payout ratio is 421.07%.

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.

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