Keep Your Eyes on This Stock: UMH Properties, Inc. (NYSE: UMH)

13 / 100 SEO Score

On 01 May 2020, UMH Properties, Inc. (NYSE: UMH) changed -4.00% to recent value of $12.47. The stock transacted 194,478 shares during most recent day however it has an average volume of 222.82K shares. It spotted trading -25.06% off 52-week high price. On the other end, the stock has been noted 44.50% away from the low price over the last 52-weeks.

UMH Properties, Inc. (UMH) stated Total Income of $146.6M for the year ended December 31, 2019 as contrast to $129.6M for the year ended December 31, 2018, representing a raise of 13%. Total Income for the quarter ended December 31, 2019 was $37.7M as contrast to $34.2M for the quarter ended December 31, 2018, representing a raise of 10%. Net Income (Loss) Attributable to Ordinary Shareholders amounted to $2.6M or $0.06 per diluted share for the year ended December 31, 2019 as contrast to a loss of $56.5M or $1.53 per diluted share for the year ended December 31, 2018. Net Loss Attributable to Ordinary Shareholders amounted to $3.4M or $0.08 per diluted share for the quarter ended December 31, 2019 as contrast to $32.9M or $0.87 per diluted share for the quarter ended December 31, 2018.

Funds from Operations Attributable to Ordinary Shareholders (“FFO”) was $24.6M or $0.61 per diluted share for the year ended December 31, 2019 as contrast to $27.0M or $0.72 per diluted share for the year ended December 31, 2018. FFO was $7.0M or $0.17 per diluted share for the quarter ended December 31, 2019 as contrast to $7.4M or $0.19 per diluted share for the quarter ended December 31, 2018. Normalized Funds from Operations Attributable to Ordinary Shareholders (“Normalized FFO”), was $25.2M or $0.63 per diluted share for the year ended December 31, 2019, as contrast to $27.5M or $0.74 per diluted share for the year ended December 31, 2018. Normalized FFO was $7.1M or $0.17 per diluted share for the quarter ended December 31, 2019, as contrast to $7.4M or $0.19 per diluted share for the quarter ended December 31, 2018. These decreases were primarily attributable to the reduction in dividend income from our securities holdings as well as the impact of our $100M preferred issue in April, which was not fully deployed until this quarter.

“Our sales operation grew total home sales by 14%. This is the fourth consecutive year that we have stated double-digit growth in total sales. Rising wages and increased employment opportunities in our markets continue to drive strong sales demand. We remain optimistic about the future of our sales division.”

“UMH continues to build upon our previous success. The operating results exhibited by our portfolio of 122 manufactured housing communities containing 23,100 developed homesites continues to meet our expectations. In 2020, our operating results will improve based upon our 4% yearly rent increases, our investment in 800-900 new rental homes and the continued improvement in our sales operation. We also anticipate calling our 8% Series B Perpetual Preferred Stock in October 2020 and are confident that we can replace this capital at a substantially lower rate, thereby generating important savings that will help drive per share earnings growth.”

UMH has a gross margin of 49.10% and an operating margin of 13.60% while its profit margin remained 1.80% for the last 12 months. Its earnings per share (EPS) expected to touch remained 104.20% for this year while earning per share for the next 5-years is expected to reach at 10.00%. The price moved ahead of 10.56% from the mean of 20 days, 3.23% from mean of 50 days SMA and performed -10.70% from mean of 200 days price.

Leave a Reply