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

UMH Properties

08/08/2024 05:29

* UMH Properties Inc  UMH.N  reported quarterly adjusted
earnings
of 1 cent​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of -7
cents.  The mean expectation of six analysts for the quarter was
for earnings of one cent per share. Wall Street expected
results to range from -7 cents to 7 cents per share.
    * Revenue rose 9.1% to $60.33 million from a year ago;
analysts
expected $56.88 million. 
    * UMH Properties Inc's reported EPS for the quarter was 1
cent​.
    * The company reported quarterly net income of $527
thousand.
    * UMH Properties Inc shares had risen by 18.6% this
quarter and
gained 23.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.6%
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 5 "strong buy" or "buy," 3
"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 August 8 at
04:29 a.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
 Jun. 30 2024      0.23           0.23           Met
 Mar. 31 2024      0.23           0.22           Missed
 Dec. 31 2023      0.22           0.23           Beat
 Sep. 30 2023      0.23           0.22           Missed