UMH Properties (UMH) Set to Announce Earnings on Thursday

UMH Properties (NYSE:UMH) will be posting its quarterly earnings results after the market closes on Thursday, May 2nd. Analysts expect UMH Properties to post earnings of $0.23 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

UMH Properties Stock Performance

NYSE:UMH opened at $15.93 on Wednesday. The company’s 50-day simple moving average is $15.62 and its 200 day simple moving average is $15.05. UMH Properties has a one year low of $13.26 and a one year high of $16.85. The firm has a market capitalization of $1.10 billion, a P/E ratio of -106.16, a PEG ratio of 2.81 and a beta of 1.24. The company has a debt-to-equity ratio of 1.66, a current ratio of 6.52 and a quick ratio of 6.52.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.215 per share. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, May 14th. This represents a $0.86 dividend on an annualized basis and a yield of 5.40%. UMH Properties’s payout ratio is presently -546.63%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday. Compass Point upped their price objective on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research note on Thursday, March 21st. Wedbush reaffirmed a “neutral” rating and set a $17.00 target price on shares of UMH Properties in a research note on Monday, March 25th. Finally, B. Riley assumed coverage on UMH Properties in a report on Thursday, March 21st. They set a “buy” rating and a $18.50 price target for the company. Three analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.00.

Insider Buying and Selling

In related news, COO Brett Taft sold 9,800 shares of the firm’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total transaction of $155,918.00. Following the completion of the sale, the chief operating officer now directly owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.63% of the stock is owned by corporate insiders.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.