$28.22 Million in Sales Expected for UMH Properties, Inc. (UMH) This Quarter
Equities analysts expect UMH Properties, Inc. (NYSE:UMH) to post $28.22 million in sales for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for UMH Properties’ earnings, with the highest sales estimate coming in at $29.46 million and the lowest estimate coming in at $26.03 million. UMH Properties posted sales of $25.14 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 12.3%. The firm is scheduled to issue its next earnings report on Wednesday, March 14th.
On average, analysts expect that UMH Properties will report full year sales of $28.22 million for the current year, with estimates ranging from $101.60 million to $113.52 million. For the next financial year, analysts anticipate that the company will post sales of $123.00 million per share, with estimates ranging from $110.71 million to $134.14 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for UMH Properties.
UMH Properties (NYSE:UMH) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.34). UMH Properties had a return on equity of 0.78% and a net margin of 1.05%. The business had revenue of $28.69 million for the quarter, compared to analysts’ expectations of $28.79 million. During the same period in the previous year, the company earned ($0.02) earnings per share. UMH Properties’s quarterly revenue was up 13.1% on a year-over-year basis.
Several equities research analysts recently weighed in on UMH shares. Zacks Investment Research raised shares of UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research note on Thursday, September 14th. ValuEngine downgraded shares of UMH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. FBR & Co reaffirmed an “outperform” rating and set a $18.50 target price on shares of UMH Properties in a research note on Tuesday, July 11th. BidaskClub upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, Janney Montgomery Scott started coverage on shares of UMH Properties in a report on Friday, September 8th. They set a “buy” rating for the company. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $18.70.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in UMH Properties by 202.9% during the 2nd quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock worth $57,071,000 after acquiring an additional 2,242,115 shares in the last quarter. Boulegeris Investments Inc. grew its holdings in UMH Properties by 1.2% during the 3rd quarter. Boulegeris Investments Inc. now owns 1,783,778 shares of the real estate investment trust’s stock worth $27,738,000 after acquiring an additional 20,495 shares in the last quarter. State Street Corp grew its holdings in UMH Properties by 12.7% during the 2nd quarter. State Street Corp now owns 548,075 shares of the real estate investment trust’s stock worth $9,340,000 after acquiring an additional 61,704 shares in the last quarter. Robotti Robert grew its holdings in UMH Properties by 1.2% during the 2nd quarter. Robotti Robert now owns 515,814 shares of the real estate investment trust’s stock worth $8,541,000 after acquiring an additional 6,175 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in UMH Properties by 24.2% during the 2nd quarter. Northern Trust Corp now owns 388,174 shares of the real estate investment trust’s stock worth $6,618,000 after acquiring an additional 75,670 shares in the last quarter. Institutional investors own 54.31% of the company’s stock.
Shares of UMH Properties (UMH) opened at $15.37 on Monday. UMH Properties has a 52 week low of $11.47 and a 52 week high of $17.90. The firm has a market cap of $536.83, a P/E ratio of 22.28, a P/E/G ratio of 2.04 and a beta of 0.60. The company has a current ratio of 3.60, a quick ratio of 3.60 and a debt-to-equity ratio of 2.20.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.68%. The ex-dividend date is Tuesday, November 14th. UMH Properties’s dividend payout ratio (DPR) is presently -327.26%.
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About UMH Properties
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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