Wall Street brokerages expect UMH PROPERTIES/SH SH (NYSE:UMH) to report earnings of $0.19 per share for the current quarter, Zacks reports. Two analysts have issued estimates for UMH PROPERTIES/SH SH’s earnings, with the highest EPS estimate coming in at $0.20 and the lowest estimate coming in at $0.19. UMH PROPERTIES/SH SH reported earnings of $0.14 per share in the same quarter last year, which indicates a positive year over year growth rate of 35.7%. The company is expected to announce its next quarterly earnings report on Thursday, November 1st.

According to Zacks, analysts expect that UMH PROPERTIES/SH SH will report full year earnings of $0.75 per share for the current fiscal year. For the next year, analysts forecast that the company will post earnings of $0.87 per share, with EPS estimates ranging from $0.85 to $0.88. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover UMH PROPERTIES/SH SH.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its earnings results on Tuesday, August 7th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.21. UMH PROPERTIES/SH SH had a negative net margin of 8.17% and a negative return on equity of 5.62%. The firm had revenue of $32.10 million during the quarter, compared to the consensus estimate of $32.03 million.

Separately, Zacks Investment Research upgraded shares of UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a report on Wednesday, August 22nd.

In other UMH PROPERTIES/SH SH news, Chairman Eugene W. Landy sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 15th. The shares were sold at an average price of $15.75, for a total transaction of $126,000.00. Following the completion of the sale, the chairman now directly owns 622,292 shares in the company, valued at $9,801,099. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, General Counsel Craig Koster sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $16.31, for a total transaction of $57,085.00. Following 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. Over the last 90 days, insiders purchased 1,633 shares of company stock valued at $24,511. 10.89% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank grew its stake in UMH PROPERTIES/SH SH by 7.2% during the first quarter. Swiss National Bank now owns 53,400 shares of the real estate investment trust’s stock worth $716,000 after buying an additional 3,600 shares during the period. Virginia Retirement Systems ET AL grew its stake in UMH PROPERTIES/SH SH by 27.3% during the first quarter. Virginia Retirement Systems ET AL now owns 20,500 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 4,400 shares during the period. Rhumbline Advisers grew its stake in UMH PROPERTIES/SH SH by 18.9% during the second quarter. Rhumbline Advisers now owns 35,225 shares of the real estate investment trust’s stock worth $541,000 after buying an additional 5,609 shares during the period. Nisa Investment Advisors LLC purchased a new stake in UMH PROPERTIES/SH SH during the second quarter worth approximately $139,000. Finally, Schwab Charles Investment Management Inc. grew its stake in UMH PROPERTIES/SH SH by 7.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 156,701 shares of the real estate investment trust’s stock worth $2,406,000 after buying an additional 10,495 shares during the period. Institutional investors own 58.03% of the company’s stock.

UMH PROPERTIES/SH SH stock traded down $0.03 during trading on Tuesday, reaching $15.60. The company had a trading volume of 206,478 shares, compared to its average volume of 117,596. UMH PROPERTIES/SH SH has a 12-month low of $11.38 and a 12-month high of $16.69. The company has a market cap of $576.20 million, a price-to-earnings ratio of 23.21, a PEG ratio of 2.07 and a beta of 0.37. The company has a debt-to-equity ratio of 2.22, a quick ratio of 5.21 and a current ratio of 5.21.

The business also recently announced a quarterly dividend, which will be paid on Monday, September 17th. Investors of record on Wednesday, August 15th will be issued a $0.18 dividend. The ex-dividend date is Tuesday, August 14th. This represents a $0.72 dividend on an annualized basis and a yield of 4.62%. UMH PROPERTIES/SH SH’s payout ratio is 101.41%.

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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Earnings History and Estimates for UMH PROPERTIES/SH SH (NYSE:UMH)

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