UMH PROPERTIES/SH SH (NYSE:UMH) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04), Fidelity Earnings reports. UMH PROPERTIES/SH SH had a negative return on equity of 22.16% and a negative net margin of 23.38%. The company had revenue of $37.33 million during the quarter, compared to the consensus estimate of $38.82 million.
NYSE UMH traded up $0.37 during trading on Friday, hitting $15.07. The company had a trading volume of 280,500 shares, compared to its average volume of 159,687. The company has a current ratio of 3.05, a quick ratio of 3.05 and a debt-to-equity ratio of 2.59. UMH PROPERTIES/SH SH has a one year low of $11.14 and a one year high of $15.63. The company has a market cap of $594.32 million, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.20 and a beta of 0.61. The company’s fifty day moving average is $14.44 and its 200-day moving average is $13.41.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.72 annualized dividend and a yield of 4.78%. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is presently 97.30%.
In other UMH PROPERTIES/SH SH news, Chairman Eugene W. Landy sold 8,000 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $11.86, for a total value of $94,880.00. Following the completion of the transaction, the chairman now directly owns 603,555 shares in the company, valued at approximately $7,158,162.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Steven B. Wolgin bought 2,500 shares of UMH PROPERTIES/SH SH stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $11.80 per share, for a total transaction of $29,500.00. Following the completion of the transaction, the director now directly owns 34,441 shares in the company, valued at $406,403.80. The disclosure for this purchase can be found here. Insiders acquired a total of 22,072 shares of company stock valued at $295,495 over the last 90 days. Company insiders own 10.84% of the company’s stock.
Several research analysts have commented on the stock. DA Davidson restated a “buy” rating on shares of UMH PROPERTIES/SH SH in a report on Monday, July 29th. Zacks Investment Research upgraded shares of UMH PROPERTIES/SH SH from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Maxim Group set a $17.00 price objective on shares of UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a report on Monday, August 12th. Compass Point assumed coverage on shares of UMH PROPERTIES/SH SH in a report on Monday, July 22nd. They issued a “buy” rating and a $19.50 price objective for the company. Finally, TheStreet upgraded shares of UMH PROPERTIES/SH SH from a “d+” rating to a “c-” rating in a report on Thursday, October 3rd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.75.
About UMH PROPERTIES/SH SH
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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