FY2022 Earnings Forecast for UMH Properties, Inc. (NYSE:UMH) Issued By B. Riley

UMH Properties, Inc. (NYSE:UMHGet Rating) – Analysts at B. Riley reduced their FY2022 earnings per share estimates for shares of UMH Properties in a research report issued to clients and investors on Friday, November 11th. B. Riley analyst C. Kucera now expects that the real estate investment trust will earn $0.75 per share for the year, down from their prior estimate of $0.78. B. Riley currently has a “Buy” rating and a $21.00 price objective on the stock. The consensus estimate for UMH Properties’ current full-year earnings is $0.76 per share. B. Riley also issued estimates for UMH Properties’ Q4 2022 earnings at $0.20 EPS, Q1 2023 earnings at $0.20 EPS, Q2 2023 earnings at $0.22 EPS, Q3 2023 earnings at $0.24 EPS, Q4 2023 earnings at $0.23 EPS and FY2023 earnings at $0.89 EPS.

A number of other brokerages have also recently issued reports on UMH. Wolfe Research began coverage on UMH Properties in a report on Wednesday, October 12th. They issued an “outperform” rating and a $19.00 target price on the stock. Wedbush cut their target price on UMH Properties from $27.50 to $21.00 in a report on Thursday. Finally, StockNews.com began coverage on UMH Properties in a report on Wednesday, October 12th. They issued a “sell” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, UMH Properties presently has an average rating of “Moderate Buy” and a consensus target price of $23.58.

UMH Properties Price Performance

UMH Properties stock opened at $18.05 on Monday. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of -35.39, a PEG ratio of 4.57 and a beta of 1.24. UMH Properties has a 52-week low of $15.14 and a 52-week high of $27.50. The stock’s 50 day moving average price is $17.03 and its two-hundred day moving average price is $18.54. The company has a debt-to-equity ratio of 2.04, a quick ratio of 16.67 and a current ratio of 16.67.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Tuesday, November 15th will be given a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.43%. The ex-dividend date is Monday, November 14th. UMH Properties’s payout ratio is currently -156.86%.

Insider Activity at UMH Properties

In related news, Director Matthew I. Hirsch purchased 3,207 shares of the stock in a transaction that occurred on Tuesday, October 11th. The stock was acquired at an average cost of $15.57 per share, with a total value of $49,932.99. Following the transaction, the director now owns 37,099 shares of the company’s stock, valued at approximately $577,631.43. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders purchased 3,328 shares of company stock valued at $51,930. 10.95% of the stock is owned by insiders.

Institutional Investors Weigh In On UMH Properties

Institutional investors and hedge funds have recently bought and sold shares of the stock. Oliver Lagore Vanvalin Investment Group purchased a new stake in UMH Properties in the 1st quarter valued at $30,000. Whittier Trust Co. purchased a new stake in shares of UMH Properties during the 1st quarter valued at $37,000. Point72 Hong Kong Ltd purchased a new stake in shares of UMH Properties during the 1st quarter valued at $58,000. Quantbot Technologies LP increased its position in shares of UMH Properties by 1,600.0% during the 2nd quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock valued at $60,000 after purchasing an additional 3,200 shares during the last quarter. Finally, Federated Hermes Inc. increased its position in shares of UMH Properties by 150.4% during the 1st quarter. Federated Hermes Inc. now owns 3,197 shares of the real estate investment trust’s stock valued at $79,000 after purchasing an additional 1,920 shares during the last quarter. 71.81% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Company Profile

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

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