UMH Properties, Inc. (UMH) Posts Earnings Results, Misses Expectations By $0.34 EPS
UMH Properties, Inc. (NYSE:UMH) announced its quarterly earnings data on Thursday. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.34), Briefing.com reports. UMH Properties had a net margin of 1.05% and a return on equity of 0.78%. The firm had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.79 million. During the same quarter in the prior year, the firm posted ($0.02) earnings per share. The company’s revenue was up 13.1% on a year-over-year basis.
Shares of UMH Properties (UMH) traded up $0.44 during trading on Friday, reaching $15.37. The company had a trading volume of 104,128 shares, compared to its average volume of 97,790. The company has a debt-to-equity ratio of 2.20, a quick ratio of 3.60 and a current ratio of 3.60. The firm has a market capitalization of $526.70, a P/E ratio of 21.85, a PEG ratio of 2.00 and a beta of 0.60.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 4.68%. The ex-dividend date is Tuesday, November 14th. UMH Properties’s dividend payout ratio is currently -327.26%.
UMH has been the topic of a number of research reports. FBR & Co restated an “outperform” rating and issued a $18.50 price objective on shares of UMH Properties in a research note on Tuesday, July 11th. BidaskClub cut UMH Properties from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. DA Davidson initiated coverage on UMH Properties in a research note on Friday, September 1st. They issued a “buy” rating and a $18.00 price objective on the stock. Zacks Investment Research upgraded UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday, September 14th. Finally, Janney Montgomery Scott initiated coverage on UMH Properties in a research note on Friday, September 8th. They issued a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $18.70.
UMH Properties Company Profile
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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