UMH Properties, Inc. (UMH) To Go Ex-Dividend on February 17th

UMH Properties, Inc. (NYSE:UMH) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Tuesday, February 17th will be given a dividend of 0.225 per share by the real estate investment trust on Monday, March 16th. This represents a c) dividend on an annualized basis and a dividend yield of 5.6%. The ex-dividend date of this dividend is Tuesday, February 17th.

UMH Properties has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 4 consecutive years. UMH Properties has a dividend payout ratio of 409.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect UMH Properties to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 90.0%.

UMH Properties Trading Up 0.1%

Shares of UMH stock opened at $16.17 on Friday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 202.15, a PEG ratio of 2.69 and a beta of 1.09. The company has a current ratio of 6.86, a quick ratio of 6.86 and a debt-to-equity ratio of 0.99. The firm has a 50-day moving average price of $15.68 and a 200 day moving average price of $15.55. UMH Properties has a twelve month low of $13.95 and a twelve month high of $19.14.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $66.92 million during the quarter, compared to the consensus estimate of $68.70 million. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. Research analysts forecast that UMH Properties will post 0.93 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $16.00 price objective on shares of UMH Properties in a research report on Monday, January 5th. B. Riley dropped their price objective on shares of UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research note on Monday, November 24th. Colliers Securities upgraded shares of UMH Properties to a “buy” rating in a report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a report on Wednesday. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.00.

UMH Properties Company Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.