$ 0.22 in earnings per share expected for UMH Properties, Inc. (NYSE: UMH) this quarter
The brokerage firms forecast that UMH Properties, Inc. (NYSE: UMH) will post earnings of $ 0.22 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have released earnings estimates for UMH Properties. UMH Properties posted earnings of $ 0.18 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.2%. The company is expected to release its next earnings report after the market closes on Wednesday, November 3.
According to Zacks, analysts expect UMH Properties to report annual earnings of $ 0.85 per share for the current year, with EPS estimates ranging from $ 0.84 to $ 0.87. For next year, analysts expect the company to report earnings of $ 1.01 per share, with EPS estimates ranging from $ 0.98 to $ 1.05. Zacks Investment Research’s EPS calculations are an average based on a survey of research companies that provide coverage for UMH Properties.
UMH Properties (NYSE: UMH) last reported its results on Wednesday, August 4. The real estate investment trust reported earnings of $ 0.18 per share for the quarter, missing Thomson Reuters’ consensus estimate of $ 0.22 ($ 0.04). UMH Properties had a net margin of 24.55% and a return on equity of 37.04%.
The UMH has been the subject of several recent research reports. Aegis raised its target price on UMH Properties shares from $ 25 to $ 27.00 and gave the company a “buy” rating in a research note on Thursday, August 5. Zacks Investment Research upgraded UMH Properties from a “sell” rating to a “custody” rating in a research report released Tuesday. Wedbush launched coverage on UMH Properties in a report on Friday August 27. They issued an “outperformance” rating and a target price of $ 27.50 on the stock. Finally, B. Riley increased his price target on UMH Properties from $ 24.00 to $ 25 and gave the company a “buy” rating in a report released on Tuesday, June 15. One equity research analyst rated the stock with a conservation rating and three gave the company a buy rating. According to data from MarketBeat.com, UMH Properties currently has an average rating of “Buy” and a consensus price target of $ 25.63.
NYSE: UMH shares traded up $ 0.30 during trading hours on Tuesday, reaching $ 22.77. 517 shares of the company were traded for an average volume of 235,494. The company’s fifty-day simple moving average is $ 23.58 and its two-hundred-day simple moving average is $ 22.27. The company has a market cap of $ 1.08 billion, a price-to-earnings ratio of 55.54 and a beta of 1.13. The company has a debt to equity ratio of 2.79, a rapid ratio of 6.48 and a current ratio of 6.48. UMH Properties has a 52 week minimum of $ 13.11 and a 52 week high of $ 25.70.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15. Investors of record on Monday, November 15 will receive a dividend of $ 0.19. This represents a dividend of $ 0.76 on an annualized basis and a return of 3.34%. The ex-dividend date of this dividend is Friday, November 12. UMH Properties’ dividend payout ratio is 108.57%.
In related news, director Steven B. Wolgin sold 2,557 shares of the company in a trade that took place on Wednesday, August 18. The shares were sold at an average price of $ 22.93, for a total trade of $ 58,632.01. As a result of the transaction, the director now directly owns 32,784 shares of the company, valued at $ 751,737.12. The sale was disclosed in a legal file with the Securities & Exchange Commission, accessible through the SEC website. In addition, director Michael P. Landy sold 10,000 shares in a trade that took place on Thursday, September 2. The stock was sold for an average price of $ 24.37, for a total trade of $ 243,700.00. Following the closing of the sale, the Director now owns 259,106 shares of the company, valued at approximately $ 6,314,413.22. Disclosure of this sale can be found here. During the past three months, insiders have acquired 134 shares of the company valued at $ 2,990. Company insiders own 10.95% of the company’s shares.
Several hedge funds and other institutional investors have recently changed their positions in the title. Victory Capital Management Inc. increased its stake in the shares of UMH Properties by 0.4% in the 2nd quarter. Victory Capital Management Inc. now owns 138,712 REIT shares valued at $ 3,027,000 after purchasing an additional 595 shares during the last quarter. BNP Paribas Arbitrage SA strengthened its position in UMH Properties by 12.1% during the first quarter. BNP Paribas Arbitrage SA now holds 7,825 shares of the property investment fund with a value of $ 150,000 after purchasing 844 additional shares during the last quarter. Ziegler Capital Management LLC increased its stake in UMH Properties by 1.3% during the second quarter. Ziegler Capital Management LLC now owns 78,572 shares of the REIT valued at $ 1,714,000 after purchasing an additional 971 shares last quarter. Knights of Columbus Asset Advisors LLC increased its position in shares of UMH Properties by 1.0% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 99,041 Real Estate Investment Trust shares valued at $ 2,161,000 after purchasing an additional 981 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in UMH Properties shares by 3.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 32,800 real estate investment trust shares worth $ 716,000 after acquiring an additional 1,000 shares in the last quarter. 66.28% of the shares are held by institutional investors and hedge funds.
About UMH properties
UMH Properties, Inc. operates as a real estate investment trust. It engages in the ownership and operation of prefabricated home communities. The company also rents prefabricated house sites to private prefabricated house owners. He designs insulated single-family prefabricated homes that are produced off-site by manufacturers and installed on sites within communities.
Featured Article: What is the S & P / ASX 200 Index?
Get a Free Copy of Zacks’ UMH Property Research Report (UMH)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant news alert was powered by storytelling technology and MarketBeat financial data to provide readers with the fastest, most accurate reports. This story was reviewed by the MarketBeat editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $ 1,000 in UMH Properties now?
Before you consider UMH Properties, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts quietly whisper to their clients to buy now before the wider market takes hold … and UMH Properties was not on the list.
Although UMH Properties currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better bets.
See the 5 actions here