$28.63 Million in Sales Expected for UMH Properties, Inc (UMH) This Quarter
Analysts expect UMH Properties, Inc (NYSE:UMH) to post $28.63 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for UMH Properties’ earnings, with the highest sales estimate coming in at $29.17 million and the lowest estimate coming in at $28.13 million. UMH Properties reported sales of $25.14 million in the same quarter last year, which would suggest a positive year over year growth rate of 13.9%. The company is expected to issue its next earnings results after the market closes on Wednesday, March 14th.
On average, analysts expect that UMH Properties will report full-year sales of $28.63 million for the current year, with estimates ranging from $112.08 million to $112.89 million. For the next fiscal year, analysts anticipate that the firm will post sales of $126.29 million per share, with estimates ranging from $122.78 million to $131.95 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for UMH Properties.
UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.34). UMH Properties had a return on equity of 0.74% and a net margin of 1.05%. The business had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.79 million. During the same quarter last year, the firm posted ($0.02) earnings per share. UMH Properties’s revenue was up 13.1% compared to the same quarter last year.
Shares of UMH Properties (NYSE UMH) traded down $0.50 during trading on Friday, reaching $12.36. 285,347 shares of the company’s stock traded hands, compared to its average volume of 180,669. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98. UMH Properties has a 12-month low of $12.31 and a 12-month high of $17.90. The company has a market capitalization of $449.16, a PE ratio of -58.45, a PEG ratio of 1.53 and a beta of 0.50.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, February 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 5.83%. The ex-dividend date is Wednesday, February 14th. UMH Properties’s dividend payout ratio (DPR) is presently -327.26%.
A number of institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in UMH Properties in the fourth quarter worth about $1,097,000. Koshinski Asset Management Inc. acquired a new stake in UMH Properties during the 4th quarter worth about $549,000. Mesirow Financial Investment Management Inc. acquired a new stake in UMH Properties during the 4th quarter worth about $257,000. Neuberger Berman Group LLC raised its holdings in UMH Properties by 2.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 250,244 shares of the real estate investment trust’s stock worth $3,891,000 after buying an additional 5,966 shares during the period. Finally, California Public Employees Retirement System raised its holdings in UMH Properties by 13.2% during the 3rd quarter. California Public Employees Retirement System now owns 53,717 shares of the real estate investment trust’s stock worth $835,000 after buying an additional 6,281 shares during the period. Hedge funds and other institutional investors own 54.09% of the company’s stock.
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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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