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Posts Tagged ‘quarterly earnings’

UMH Properties Meets Analysts’ Earnings Per Share

May 9th, 2016 Comments off

umh_mfg_home__cedit_umhManufactured home community (MHC) owner and operator UMH Properties, Inc. (NYSE:UMH) reports for its quarterly earnings statement it met Thomson Reuters’ consensus earnings per share, as  MHProNews has learned.

The company reported Core Funds from Operations of $4,620,000, $0.17 per diluted share for the quarter ending March 31, 2016, as compared to $3,159,000 or $0.13 per diluted share for the comparable quarter of 2015, representing an increase in Core FFO per diluted share of 30.8%., reports biznewsnetwork.

Additionally, rental income rose by 26.5 percent over the same period last year, increased same property net operating income (NOI) 16.7 percent, increased home sales 52.3 percent and increased rental home occupancy from 92.9 percent as of 12-31-2015 to 94.8 percent this most recent quarter.

Meanwhile, UMH recently announced a quarterly dividend of $0.18 per share, payable Wed., June 15, 2016 to shareholder of record on Mon., May 16, representing a dividend of $0.72 on an annualized basis, and a dividend yield of 7.28 percent.

Furthermore, Director James E. Mitchell purchased 5,000 shares of company stock, disclosed in a filing with the Securities and Exchange Commission (SEC) at an average cost of $25.50 per share for a total transaction valued at $127,500. Mitchell now owns 8,000 shares of UMH stock with a value of $204,000.

In trading today on the New York Stock Exchange, UMH stock was up +0.51 percent to close at $9.89.

A rfeal estate investment trust (REIT), UMH owns and operates 98 MHCs comprised of 17,800 developed sites in seven states east of the Mississippi River. The company also owns a portfolio of REIT securities. ##

(Photo credit: UMH Properties, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

Cavco to Announce Quarterly Earnings Report

May 21st, 2013 Comments off

As globenewswire informs MHProNews Cavco Industries, Inc. will release its earnings report for Q4 of fiscal year 2013 following the close of the market Thurs., May 23, 2013. Friday, May 24, senior management officials will discuss the results in a live webcast at 12:00 PM Eastern Time. Listen via Internet: http://www.cavco.com under the Investor Relations link. The call will be archived using the same contact information for 90 days. The second largest producer of manufactured homes in the nation, Cavco designs and produces factory-built housing products under a variety of brand names including Cavco, Fleetwood, and Palm Harbor, and modular homes under the Nationwide Homes brand.

(Image credit: Cavco Industries, Inc.)