UMH Properties, Inc (NYSE:UMH) – Stock analysts at B. Riley upped their FY2018 earnings per share (EPS) estimates for UMH Properties in a note issued to investors on Monday. B. Riley analyst C. Kucera now forecasts that the real estate investment trust will post earnings per share of $0.83 for the year, up from their previous forecast of $0.82. B. Riley has a “Buy” rating on the stock. B. Riley also issued estimates for UMH Properties’ Q4 2018 earnings at $0.23 EPS and FY2019 earnings at $0.91 EPS.
A number of other research analysts have also issued reports on UMH. DA Davidson set a $16.00 target price on shares of UMH Properties and gave the company a “buy” rating in a report on Monday. Zacks Investment Research upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Friday, January 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.92.
UMH Properties (NYSE:UMH) last released its earnings results on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.19. The company 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 firm’s revenue for the quarter was up 14.3% on a year-over-year basis.
Several hedge funds and other institutional investors have recently bought and sold shares of UMH. Schwab Charles Investment Management Inc. increased its stake in shares of UMH Properties by 101.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 423,614 shares of the real estate investment trust’s stock valued at $6,588,000 after acquiring an additional 212,866 shares during the last quarter. JPMorgan Chase & Co. increased its position in UMH Properties by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 311,558 shares of the real estate investment trust’s stock worth $4,832,000 after purchasing an additional 133,089 shares in the last quarter. Citadel Advisors LLC acquired a new stake in UMH Properties during the 3rd quarter worth approximately $1,737,000. Deutsche Bank AG increased its position in UMH Properties by 31.6% during the 4th quarter. Deutsche Bank AG now owns 463,026 shares of the real estate investment trust’s stock worth $6,897,000 after purchasing an additional 111,235 shares in the last quarter. Finally, Renaissance Technologies LLC increased its position in UMH Properties by 32.4% during the 4th quarter. Renaissance Technologies LLC now owns 395,500 shares of the real estate investment trust’s stock worth $5,893,000 after purchasing an additional 96,700 shares in the last quarter. 55.35% of the stock is owned by institutional investors.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date of this dividend is Wednesday, February 14th. UMH Properties’s dividend payout ratio is currently -313.03%.
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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