UMH Properties, Inc (NYSE:UMH) – DA Davidson cut their Q1 2018 earnings estimates for UMH Properties in a research report issued on Monday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings of $0.18 per share for the quarter, down from their previous forecast of $0.21. DA Davidson has a “Buy” rating and a $16.00 price objective on the stock. DA Davidson also issued estimates for UMH Properties’ Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.80 EPS and FY2019 earnings at $0.89 EPS.
Several other equities analysts have also weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $17.50 price objective on shares of UMH Properties in a research report on Tuesday, November 21st. Zacks Investment Research lowered shares of UMH Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. UMH Properties presently has an average rating of “Buy” and an average price target of $17.92.
UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $28.70 million for the quarter, compared to analyst estimates of $28.59 million. UMH Properties had a net margin of 0.68% and a return on equity of 0.45%. The company’s revenue was up 14.3% on a year-over-year basis.
Large investors have recently added to or reduced their stakes in the company. State Street Corp raised its position in shares of UMH Properties by 12.7% in the second quarter. State Street Corp now owns 548,075 shares of the real estate investment trust’s stock valued at $9,340,000 after purchasing an additional 61,704 shares during the period. JPMorgan Chase & Co. raised its position in shares of UMH Properties by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 311,558 shares of the real estate investment trust’s stock valued at $4,832,000 after purchasing an additional 133,089 shares during the period. D.A. Davidson & CO. raised its position in shares of UMH Properties by 12.3% in the third quarter. D.A. Davidson & CO. now owns 278,738 shares of the real estate investment trust’s stock valued at $4,334,000 after purchasing an additional 30,612 shares during the period. OxFORD Asset Management LLP raised its position in shares of UMH Properties by 78.8% in the third quarter. OxFORD Asset Management LLP now owns 68,375 shares of the real estate investment trust’s stock valued at $1,060,000 after purchasing an additional 30,124 shares during the period. Finally, First Allied Advisory Services Inc. bought a new position in shares of UMH Properties in the third quarter valued at approximately $629,000. 55.35% of the stock is currently owned by institutional investors.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date is Wednesday, February 14th. UMH Properties’s dividend payout ratio is -313.03%.
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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