UMH Properties (UMH) Scheduled to Post Quarterly Earnings on Tuesday

UMH Properties (NYSE:UMH) is scheduled to be releasing its earnings data after the market closes on Tuesday, August 6th. Analysts expect UMH Properties to post earnings of $0.22 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

UMH Properties Stock Up 1.4 %

UMH stock opened at $18.37 on Monday. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of -122.46, a PEG ratio of 3.36 and a beta of 1.29. UMH Properties has a 1-year low of $13.26 and a 1-year high of $18.47. The firm has a fifty day moving average price of $16.21 and a two-hundred day moving average price of $15.74. The company has a debt-to-equity ratio of 1.59, a current ratio of 6.82 and a quick ratio of 6.82.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be given a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date is Thursday, August 15th. UMH Properties’s dividend payout ratio is presently -573.30%.

Insider Buying and Selling

In other news, CEO Samuel A. Landy sold 25,000 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total value of $375,250.00. Following the completion of the transaction, the chief executive officer now owns 1,149,565 shares of the company’s stock, valued at $17,254,970.65. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Michael P. Landy purchased 4,700 shares of UMH Properties stock in a transaction dated Tuesday, June 18th. The stock was bought at an average cost of $15.45 per share, with a total value of $72,615.00. Following the purchase, the director now owns 341,796 shares in the company, valued at approximately $5,280,748.20. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Samuel A. Landy sold 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the transaction, the chief executive officer now owns 1,149,565 shares in the company, valued at approximately $17,254,970.65. The disclosure for this sale can be found here. Corporate insiders own 8.63% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on UMH shares. B. Riley reissued a “buy” rating and issued a $18.50 target price on shares of UMH Properties in a report on Thursday, May 30th. Alliance Global Partners assumed coverage on UMH Properties in a report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target on the stock. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, July 17th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. Finally, Wedbush reissued a “neutral” rating and set a $17.00 price target on shares of UMH Properties in a report on Monday, May 13th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, UMH Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.50.

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.