Equities analysts forecast that UMH Properties, Inc (NYSE:UMH) will report sales of $28.63 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for UMH Properties’ earnings. The lowest sales estimate is $28.13 million and the highest is $29.17 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 scheduled to announce its next earnings report 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 year, analysts forecast that the company will report sales of $126.29 million per share, with estimates ranging from $122.78 million to $131.95 million. Zacks’ sales averages are an average based on a survey of analysts that follow 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 negative return on equity of 11.89% and a net margin of 11.37%. The company had revenue of $28.69 million for the quarter, compared to analyst estimates of $28.79 million. During the same period last year, the company posted ($0.02) EPS. The business’s revenue for the quarter was up 13.1% on a year-over-year basis.
UMH Properties (NYSE UMH) opened at $12.91 on Friday. UMH Properties has a 52-week low of $12.86 and a 52-week high of $17.90. The company has a debt-to-equity ratio of 1.98, a quick ratio of 4.46 and a current ratio of 4.46. The company has a market cap of $468.02, a P/E ratio of -58.68, a P/E/G ratio of 1.60 and a beta of 0.61.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.58%. The ex-dividend date of this dividend is Wednesday, February 14th. UMH Properties’s payout ratio is currently -327.26%.
Institutional investors have recently added to or reduced their stakes in the company. BlueCrest Capital Management Ltd acquired a new stake in shares of UMH Properties in the second quarter worth $214,000. Nationwide Fund Advisors increased its position in shares of UMH Properties by 6.9% in the second quarter. Nationwide Fund Advisors now owns 15,613 shares of the real estate investment trust’s stock worth $266,000 after acquiring an additional 1,007 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of UMH Properties in the third quarter worth $260,000. Mesirow Financial Investment Management Inc. acquired a new stake in shares of UMH Properties in the fourth quarter worth $257,000. Finally, Voya Investment Management LLC increased its position in shares of UMH Properties by 11.6% in the second quarter. Voya Investment Management LLC now owns 17,252 shares of the real estate investment trust’s stock worth $294,000 after acquiring an additional 1,798 shares in the last quarter. 54.30% of the stock is owned by institutional investors.
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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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