UMH PROPERTIES/SH SH (NYSE:UMH) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.14 earnings per share (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 firm had revenue of $37.33 million during the quarter, compared to analysts’ expectations of $38.82 million.
Shares of UMH traded up $0.37 during trading hours on Friday, reaching $15.07. 280,500 shares of the company traded hands, compared to its average volume of 159,687. The stock has a market capitalization of $594.32 million, a P/E ratio of 20.36, a P/E/G ratio of 2.20 and a beta of 0.61. The company has a quick ratio of 3.05, a current ratio of 3.05 and a debt-to-equity ratio of 2.59. UMH PROPERTIES/SH SH has a 12-month low of $11.14 and a 12-month high of $15.63. The business has a fifty day moving average price of $14.46 and a 200-day moving average price of $13.42.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Thursday, November 14th. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is presently 97.30%.
Several research firms have issued reports on UMH. Compass Point started 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 target on the stock. TheStreet raised shares of UMH PROPERTIES/SH SH from a “d+” rating to a “c-” rating in a report on Thursday, October 3rd. Zacks Investment Research raised 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 company a “buy” rating in a report on Monday, August 12th. Finally, DA Davidson reissued a “buy” rating on shares of UMH PROPERTIES/SH SH in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $17.75.
In related news, Director Steven B. Wolgin acquired 2,500 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were purchased at an average cost of $11.80 per share, with a total value of $29,500.00. Following the completion of the acquisition, the director now directly owns 34,441 shares of the company’s stock, valued at $406,403.80. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Umh Properties, Inc. acquired 17,810 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were bought at an average cost of $13.70 per share, for a total transaction of $243,997.00. The disclosure for this purchase can be found here. Insiders have bought 22,072 shares of company stock worth $295,495 over the last three months. Corporate insiders own 10.84% of the company’s stock.
UMH PROPERTIES/SH SH Company Profile
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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