UMH Properties Inc reports results for the quarter ended in December - Earnings Summary

UMH Properties

29/02/2024 18:45

* UMH Properties Inc  UMH.N  reported quarterly adjusted
earnings
of 10 cents​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of 1 cents.  The mean expectation of five analysts
for the quarter was for breakeven results per share. Wall Street
expected results to range from -1 cents to 1 cents per share.
    * Revenue rose 16.9% to $56.98 million from a year ago;
analysts
expected $55.79 million. 
    * UMH Properties Inc's reported EPS for the quarter was 10
cents​.
    * The company reported quarterly net income of $6.83
million.
    * UMH Properties Inc shares had fallen by 6.8% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the residential
reits
peer group is also "buy"

Wall Street's median 12-month price target for UMH Properties
Inc is $20.00 
This summary was machine generated from LSEG data February 29 at
06:44 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.22           0.23           Beat
 Sep. 30 2023      0.23           0.22           Missed
 Jun. 30 2023      0.22           0.21           Missed
 Mar. 31 2023      0.21           0.18           Missed