UMH PROPERTIES/SH SH (NYSE:UMH) – Equities research analysts at Boenning Scattergood issued their Q1 2019 earnings per share estimates for UMH PROPERTIES/SH SH in a note issued to investors on Monday, March 11th. Boenning Scattergood analyst M. Ross expects that the real estate investment trust will post earnings per share of $0.18 for the quarter. Boenning Scattergood has a “Buy” rating and a $19.50 price target on the stock. Boenning Scattergood also issued estimates for UMH PROPERTIES/SH SH’s Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.79 EPS.
Separately, Zacks Investment Research downgraded shares of UMH PROPERTIES/SH SH from a “buy” rating to a “hold” rating in a research report on Thursday.
NYSE UMH opened at $13.56 on Thursday. The company has a current ratio of 4.16, a quick ratio of 4.16 and a debt-to-equity ratio of 3.23. The firm has a market capitalization of $524.67 million, a P/E ratio of 18.32, a P/E/G ratio of 1.62 and a beta of 0.76. UMH PROPERTIES/SH SH has a 12 month low of $11.14 and a 12 month high of $16.69.
UMH PROPERTIES/SH SH (NYSE:UMH) last announced its quarterly earnings data on Thursday, March 7th. The real estate investment trust reported ($0.87) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.83). The firm had revenue of $34.25 million during the quarter, compared to analysts’ expectations of $33.35 million. UMH PROPERTIES/SH SH had a negative net margin of 43.63% and a negative return on equity of 35.79%.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantamental Technologies LLC purchased a new position in shares of UMH PROPERTIES/SH SH in the 4th quarter valued at $33,000. PNC Financial Services Group Inc. purchased a new position in shares of UMH PROPERTIES/SH SH in the 4th quarter valued at $52,000. Great West Life Assurance Co. Can grew its position in shares of UMH PROPERTIES/SH SH by 44.0% in the 4th quarter. Great West Life Assurance Co. Can now owns 5,945 shares of the real estate investment trust’s stock valued at $68,000 after buying an additional 1,816 shares during the last quarter. Legal & General Group Plc grew its position in shares of UMH PROPERTIES/SH SH by 32.0% in the 4th quarter. Legal & General Group Plc now owns 6,547 shares of the real estate investment trust’s stock valued at $78,000 after buying an additional 1,589 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its position in shares of UMH PROPERTIES/SH SH by 181.1% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 11,855 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 7,638 shares during the last quarter. 58.23% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Umh Properties, Inc. bought 11,958 shares of the company’s stock in a transaction that occurred on Monday, December 17th. The shares were purchased at an average cost of $13.72 per share, with a total value of $164,063.76. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased a total of 12,124 shares of company stock worth $166,066 over the last ninety days. Insiders own 10.89% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, February 15th were given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.31%. The ex-dividend date of this dividend was Thursday, February 14th. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is 97.30%.
UMH PROPERTIES/SH SH Company Profile
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 115 manufactured home communities containing approximately 20,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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