UMH Properties, Inc. (NYSE:UMH) Expected to Post Quarterly Sales of $48.15 Million

Wall Street analysts predict that UMH Properties, Inc. (NYSE:UMH) will post sales of $48.15 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for UMH Properties’ earnings, with the lowest sales estimate coming in at $47.25 million and the highest estimate coming in at $49.80 million. UMH Properties reported sales of $42.83 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 12.4%. The firm is scheduled to report its next earnings results on Wednesday, March 9th.

According to Zacks, analysts expect that UMH Properties will report full-year sales of $187.71 million for the current financial year, with estimates ranging from $185.71 million to $189.90 million. For the next year, analysts expect that the firm will post sales of $198.88 million, with estimates ranging from $191.10 million to $205.31 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover UMH Properties.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, November 3rd. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.29). UMH Properties had a net margin of 27.15% and a return on equity of 33.28%. During the same period in the prior year, the firm earned $0.18 EPS.

Several equities research analysts have recently issued reports on the company. Aegis raised their target price on UMH Properties from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, November 4th. Zacks Investment Research lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 6th. Finally, Wedbush began coverage on UMH Properties in a research report on Friday, August 27th. They set an “outperform” rating and a $27.50 target price for the company. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, UMH Properties has a consensus rating of “Buy” and an average price target of $26.38.

Shares of UMH Properties stock traded down $0.06 during trading hours on Friday, hitting $23.50. 182,445 shares of the company’s stock traded hands, compared to its average volume of 225,964. UMH Properties has a 12-month low of $14.20 and a 12-month high of $25.70. The stock has a market capitalization of $1.15 billion, a price-to-earnings ratio of 36.15 and a beta of 1.11. The company has a fifty day simple moving average of $23.62 and a 200-day simple moving average of $22.99. The company has a debt-to-equity ratio of 2.45, a current ratio of 6.53 and a quick ratio of 6.53.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 15th. Shareholders of record on Monday, November 15th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, November 12th. This represents a $0.76 annualized dividend and a yield of 3.23%. UMH Properties’s dividend payout ratio is currently 116.92%.

In other news, Director Michael P. Landy sold 10,000 shares of UMH Properties stock in a transaction dated Thursday, September 2nd. The stock was sold at an average price of $24.37, for a total transaction of $243,700.00. Following the completion of the sale, the director now owns 259,106 shares in the company, valued at approximately $6,314,413.22. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven B. Wolgin sold 2,000 shares of UMH Properties stock in a transaction dated Monday, November 15th. The shares were sold at an average price of $22.92, for a total value of $45,840.00. The disclosure for this sale can be found here. 10.95% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in UMH Properties by 9.2% in the 2nd quarter. Vanguard Group Inc. now owns 4,283,750 shares of the real estate investment trust’s stock worth $93,472,000 after buying an additional 359,540 shares during the last quarter. BlackRock Inc. lifted its position in UMH Properties by 4.2% in the 3rd quarter. BlackRock Inc. now owns 3,177,671 shares of the real estate investment trust’s stock worth $72,768,000 after buying an additional 128,304 shares during the last quarter. William Blair Investment Management LLC lifted its position in UMH Properties by 47,692.8% in the 3rd quarter. William Blair Investment Management LLC now owns 1,825,684 shares of the real estate investment trust’s stock worth $41,808,000 after buying an additional 1,821,864 shares during the last quarter. FMR LLC lifted its position in UMH Properties by 197.8% in the 1st quarter. FMR LLC now owns 1,559,738 shares of the real estate investment trust’s stock worth $21,962,000 after buying an additional 1,035,919 shares during the last quarter. Finally, Copeland Capital Management LLC lifted its position in UMH Properties by 4.5% in the 3rd quarter. Copeland Capital Management LLC now owns 1,475,769 shares of the real estate investment trust’s stock worth $33,795,000 after buying an additional 64,081 shares during the last quarter. Institutional investors own 66.03% of the company’s stock.

UMH Properties Company Profile

UMH Properties, Inc operates as a real estate investment trust. It engages in the ownership and operation of manufactured home communities. The firm also leases manufactured home sites to private manufactured home owners. It designs accommodate detached, single-family manufactured homes which are produced off-site by manufacturers and installed on sites within the communities.

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Earnings History and Estimates for UMH Properties (NYSE:UMH)

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