Brokerages Expect UMH PROPERTIES/SH SH (UMH) Will Post Quarterly Sales of $32.28 Million
Analysts expect UMH PROPERTIES/SH SH (NYSE:UMH) to report sales of $32.28 million for the current quarter, Zacks reports. Two analysts have made estimates for UMH PROPERTIES/SH SH’s earnings, with the highest sales estimate coming in at $32.34 million and the lowest estimate coming in at $32.22 million. UMH PROPERTIES/SH SH posted sales of $28.69 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.5%. The business is scheduled to issue its next quarterly earnings results on Thursday, November 1st.
According to Zacks, analysts expect that UMH PROPERTIES/SH SH will report full-year sales of $126.95 million for the current fiscal year, with estimates ranging from $126.47 million to $127.43 million. For the next financial year, analysts anticipate that the business will post sales of $141.88 million per share, with estimates ranging from $136.04 million to $147.72 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover UMH PROPERTIES/SH SH.
UMH PROPERTIES/SH SH (NYSE:UMH) last posted its quarterly earnings data on Tuesday, August 7th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.21. UMH PROPERTIES/SH SH had a negative return on equity of 5.62% and a negative net margin of 8.17%. The company had revenue of $32.10 million during the quarter, compared to analysts’ expectations of $32.03 million.
UMH opened at $15.55 on Thursday. UMH PROPERTIES/SH SH has a 52-week low of $11.38 and a 52-week high of $16.69. The company has a debt-to-equity ratio of 2.22, a current ratio of 5.21 and a quick ratio of 5.21. The firm has a market cap of $579.90 million, a P/E ratio of 21.80, a price-to-earnings-growth ratio of 2.09 and a beta of 0.37.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Shareholders of record on Wednesday, August 15th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Tuesday, August 14th. UMH PROPERTIES/SH SH’s dividend payout ratio is 101.41%.
In other news, insider Umh Properties, Inc. bought 10,505 shares of the stock in a transaction on Friday, June 15th. The stock was acquired at an average cost of $14.66 per share, for a total transaction of $154,003.30. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Craig Koster sold 3,500 shares of the company’s stock in a transaction on Friday, August 17th. The stock was sold at an average price of $16.31, for a total value of $57,085.00. Following the completion of the sale, the general counsel now owns 6,895 shares of the company’s stock, valued at $112,457.45. The disclosure for this sale can be found here. Insiders acquired a total of 12,209 shares of company stock valued at $179,517 over the last quarter. Company insiders own 10.89% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Nisa Investment Advisors LLC purchased a new stake in shares of UMH PROPERTIES/SH SH in the 2nd quarter worth $139,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of UMH PROPERTIES/SH SH during the 1st quarter worth $160,000. Crestwood Advisors Group LLC purchased a new stake in shares of UMH PROPERTIES/SH SH during the 1st quarter worth $186,000. A.R.T. Advisors LLC purchased a new stake in shares of UMH PROPERTIES/SH SH during the 1st quarter worth $199,000. Finally, SG Americas Securities LLC purchased a new stake in shares of UMH PROPERTIES/SH SH during the 2nd quarter worth $228,000. Institutional investors and hedge funds own 58.03% of the company’s stock.
UMH PROPERTIES/SH SH Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 114 manufactured home communities containing approximately 20,600 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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