UMH Properties, Inc. (NYSE:UMH) Expected to Post Quarterly Sales of $52.68 Million

Analysts expect that UMH Properties, Inc. (NYSE:UMHGet Rating) will announce $52.68 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for UMH Properties’ earnings. The highest sales estimate is $53.07 million and the lowest is $52.30 million. UMH Properties reported sales of $48.96 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.6%. The company is expected to report its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that UMH Properties will report full-year sales of $199.45 million for the current fiscal year, with estimates ranging from $197.10 million to $201.79 million. For the next year, analysts anticipate that the company will post sales of $214.92 million, with estimates ranging from $211.20 million to $218.64 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover UMH Properties.

UMH Properties (NYSE:UMHGet Rating) last posted its quarterly earnings data 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 net margin of 21.44% and a return on equity of 16.45%. During the same quarter in the previous year, the business posted $0.20 earnings per share.

A number of brokerages recently issued reports on UMH. Maxim Group reiterated a “buy” rating and issued a $28.00 price target on shares of UMH Properties in a research note on Friday, May 6th. StockNews.com began coverage on shares of UMH Properties in a research note on Thursday, March 31st. They issued a “sell” rating for the company. Zacks Investment Research downgraded shares of UMH Properties from a “buy” rating to a “hold” rating in a research note on Tuesday, May 10th. Finally, B. Riley decreased their price target on shares of UMH Properties from $27.00 to $26.00 and set a “buy” rating for the company in a research note on Monday, May 9th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, UMH Properties currently has a consensus rating of “Hold” and an average target price of $26.92.

Shares of UMH Properties stock opened at $19.33 on Monday. UMH Properties has a 52-week low of $18.75 and a 52-week high of $27.50. The company has a 50 day moving average of $23.11 and a 200 day moving average of $23.78. The company has a quick ratio of 16.65, a current ratio of 16.65 and a debt-to-equity ratio of 2.00. The company has a market capitalization of $1.05 billion, a P/E ratio of 101.74, a P/E/G ratio of 4.37 and a beta of 1.14.

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

In other news, Director Kenneth K. Quigley, Jr. acquired 3,500 shares of the company’s stock in a transaction on Friday, May 13th. The shares were bought at an average cost of $18.81 per share, with a total value of $65,835.00. Following the purchase, the director now owns 17,365 shares of the company’s stock, valued at approximately $326,635.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth K. Quigley, Jr. acquired 2,500 shares of the company’s stock in a transaction on Monday, May 16th. The stock was purchased at an average cost of $19.35 per share, for a total transaction of $48,375.00. Following the completion of the purchase, 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. Over the last ninety days, insiders bought 7,087 shares of company stock worth $139,982 and sold 8,710 shares worth $206,663. Insiders own 10.95% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of UMH. FMR LLC boosted its position in shares of UMH Properties by 197.8% during the 1st quarter. FMR LLC now owns 1,559,738 shares of the real estate investment trust’s stock worth $21,962,000 after purchasing an additional 1,035,919 shares in the last quarter. Morgan Stanley boosted its position in shares of UMH Properties by 105.4% in the 2nd quarter. Morgan Stanley now owns 223,427 shares of the real estate investment trust’s stock worth $4,876,000 after buying an additional 114,644 shares in the last quarter. Deutsche Bank AG boosted its position in shares of UMH Properties by 21.2% in the 3rd quarter. Deutsche Bank AG now owns 38,135 shares of the real estate investment trust’s stock worth $873,000 after buying an additional 6,671 shares in the last quarter. Advisor Group Holdings Inc. boosted its position in shares of UMH Properties by 5.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 32,850 shares of the real estate investment trust’s stock worth $755,000 after buying an additional 1,737 shares in the last quarter. Finally, Swiss National Bank boosted its position in shares of UMH Properties by 8.6% in the 3rd quarter. Swiss National Bank now owns 99,800 shares of the real estate investment trust’s stock worth $2,285,000 after buying an additional 7,900 shares in the last quarter. Institutional investors own 69.02% of the company’s stock.

About UMH Properties (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.

Featured Stories

Get a free copy of the Zacks research report on UMH Properties (UMH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for UMH Properties (NYSE:UMH)

Receive News & Ratings for UMH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties and related companies with MarketBeat.com's FREE daily email newsletter.