UMH Properties, Inc. Declares Quarterly Dividend of $0.23 (NYSE:UMH)

UMH Properties, Inc. (NYSE:UMH) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Tuesday, February 17th will be paid 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 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 raised its dividend annually for the last 4 consecutive years. UMH Properties has a payout ratio of 409.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Down 1.0%

UMH stock opened at $16.16 on Thursday. UMH Properties has a twelve month low of $13.95 and a twelve month high of $19.14. 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 company has a market capitalization of $1.38 billion, a P/E ratio of 201.96, a PEG ratio of 2.72 and a beta of 1.09. The firm has a 50 day simple moving average of $15.66 and a 200-day simple moving average of $15.55.

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

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on UMH shares. Colliers Securities raised UMH Properties to a “buy” rating in a research note on Thursday, December 4th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $16.00 target price on shares of UMH Properties in a report on Monday, January 5th. B. Riley cut their price target 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. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, UMH Properties has an average rating of “Moderate Buy” and an average 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.