UMH Properties, Inc. (NYSE:UMH) is set to announce third quarter earning results on Wednesday 4th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, UMH to report 3Q20 loss of $ 0.08 per share from revenue of $ 35.84 million.
For the full year, analysts anticipate top line of $ 142.00 million, while looking forward to loss of $ 0.93 per share bottom line.
Previous Quarter Performance
UMH Properties, Inc. reported income for the second quarter of $ 0.17 per share, from the revenue of $ 40.08 million. According to street consensus, revenue of $ 35.38 million was expected for the second quarter The top line results outshined analysts by $ 4.70 million or 13.28 percent.
Stock Performance
Shares of UMH Properties, Inc. traded up $ 0.35 or 2.53 percent on Tuesday, reaching $ 14.18 with volume of 80.30 thousand shares. UMH Properties, Inc. has traded high as $ 14.32 and has cracked $ 13.91 on the downward trend
According to the previous trading day, closing price of $ 14.18, representing a 60.25 % increase from the 52 week low of $ 8.63 and a 16.89 % decrease over the 52 week high of $ 16.64.
The company has a market capital of $ 586.23 million and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 1st October 2020, initiated by Berenberg Bank at Buy rating, with $ 19.00 target price.
- On 21st September 2020, upgraded by DA Davidson to Buy from Neutral rating.
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. In addition, the Company owns a portfolio of REIT securities.
