UMH Properties, Inc. (UMH) to Issue Quarterly Dividend of $0.23 on December 15th

UMH Properties, Inc. (NYSE:UMH) declared a quarterly dividend on Thursday, October 1st. Stockholders of record on Monday, November 16th will be given a dividend of $0.2250 per share by the real estate investment trust on Tuesday, December 15th. This represents a $0.90 annualized dividend and a dividend yield of 5.8%. The ex-dividend date is Monday, November 16th.

UMH Properties has raised 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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect UMH Properties to earn $1.07 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 84.1%.

UMH Properties Trading Up 0.7%

NYSE UMH opened at $15.44 on Friday. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. UMH Properties has a 1-year low of $13.93 and a 1-year high of $16.77. The firm’s fifty day simple moving average is $15.87 and its 200-day simple moving average is $15.44. The company has a market capitalization of $1.32 billion, a PE ratio of 128.64 and a beta of 0.98.

UMH Properties (NYSE:UMH) last issued its earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The company had revenue of $71.64 million for the quarter, compared to analyst estimates of $60.76 million. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. As a group, sell-side analysts anticipate that UMH Properties will post 0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On UMH Properties

Hedge funds have recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new stake in UMH Properties during the 2nd quarter valued at approximately $1,392,000. The Manufacturers Life Insurance Company acquired a new position in shares of UMH Properties during the second quarter worth approximately $975,000. Bank of New York Mellon Corp acquired a new position in shares of UMH Properties during the second quarter worth approximately $7,212,000. William Blair Investment Management LLC bought a new stake in shares of UMH Properties in the second quarter valued at approximately $10,175,000. Finally, First Trust Advisors LP increased its position in UMH Properties by 695.1% during the first quarter. First Trust Advisors LP now owns 87,881 shares of the real estate investment trust’s stock worth $1,268,000 after acquiring an additional 76,828 shares during the period. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Company Profile

UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residential sites for manufactured homes and manages communities designed to offer affordable housing options and related amenities to residents.

In addition to operating its communities, UMH owns and rents manufactured homes to residents, allowing it to serve both homeowners who lease sites and customers seeking rental housing. Its portfolio is concentrated in parts of the Northeast, Midwest and Southeast, including states such as New Jersey, New York, Pennsylvania, Ohio, Indiana, Michigan and Tennessee.

UMH Properties was founded in 1968 and has been publicly traded since 1985.