UMH PROPERTIES/SH SH Announces Quarterly Dividend of $0.18 (NYSE:UMH)

UMH PROPERTIES/SH SH (NYSE:UMH) announced a quarterly dividend on Thursday, October 3rd, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.18 per share by the real estate investment trust on Monday, December 16th. This represents a $0.72 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Thursday, November 14th.

Shares of NYSE UMH traded up $0.08 during midday trading on Tuesday, hitting $15.22. The company had a trading volume of 29,689 shares, compared to its average volume of 114,009. The company has a quick ratio of 3.24, a current ratio of 3.24 and a debt-to-equity ratio of 3.06. UMH PROPERTIES/SH SH has a twelve month low of $11.14 and a twelve month high of $15.63. The business has a 50-day simple moving average of $14.51 and a two-hundred day simple moving average of $13.43. The firm has a market capitalization of $615.65 million, a price-to-earnings ratio of 20.57, a price-to-earnings-growth ratio of 2.33 and a beta of 0.61.

UMH PROPERTIES/SH SH (NYSE:UMH) last announced its quarterly earnings data on Thursday, November 7th. The real estate investment trust reported $0.14 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.04). UMH PROPERTIES/SH SH had a negative net margin of 6.03% and a negative return on equity of 6.05%. The company had revenue of $37.33 million during the quarter, compared to analyst estimates of $38.82 million. On average, equities analysts forecast that UMH PROPERTIES/SH SH will post 0.65 EPS for the current year.

In other UMH PROPERTIES/SH SH news, Director Steven B. Wolgin bought 2,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $11.80 per share, for a total transaction of $29,500.00. Following the acquisition, the director now owns 34,441 shares of the company’s stock, valued at approximately $406,403.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Eugene W. Landy sold 8,000 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $11.86, for a total transaction of $94,880.00. Following the transaction, the chairman now owns 603,555 shares of the company’s stock, valued at $7,158,162.30. The disclosure for this sale can be found here. Insiders purchased 22,072 shares of company stock valued at $295,495 in the last quarter. Company insiders own 10.84% of the company’s stock.

UMH has been the subject of several recent analyst reports. B. Riley reiterated a “buy” rating on shares of UMH PROPERTIES/SH SH in a research note on Monday. Compass Point initiated coverage on shares of UMH PROPERTIES/SH SH in a research note on Monday, July 22nd. They issued a “buy” rating and a $19.50 price objective for the company. Maxim Group reiterated a “buy” rating and issued a $18.00 price objective on shares of UMH PROPERTIES/SH SH in a research note on Friday. DA Davidson reiterated a “buy” rating on shares of UMH PROPERTIES/SH SH in a research note on Monday, July 29th. Finally, TheStreet upgraded shares of UMH PROPERTIES/SH SH from a “d+” rating to a “c-” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $18.00.

About UMH PROPERTIES/SH SH

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.

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Dividend History for UMH PROPERTIES/SH SH (NYSE:UMH)

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