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

UMH Properties

03/05/2024 23:50

* UMH Properties Inc  UMH.N  reported a quarterly adjusted
loss
of 9 cents​​ per share for the quarter ended in March, identical
to the same quarter last year.  The mean expectation of
six analysts for the quarter was for a loss of one cent per
share. Wall Street expected results to range from -9 cents to 1
cents per share.
    * Revenue rose 9.6% to $57.68 million from a year ago;
analysts
expected $55.89 million. 
    * UMH Properties Inc's reported EPS for the quarter was a
loss
of 9 cents​.
    * The company reported a quarterly loss of $6.26 million.
    * UMH Properties Inc shares had fallen by 1.2% this
quarter and
gained 4.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.8%
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," 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 $18.25 
This summary was machine generated from LSEG data May 3 at 10:50
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
 Mar. 31 2024      0.23           0.22           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