UMH Properties (UMH) Scheduled to Post Earnings on Thursday

UMH Properties (NYSE:UMH) is set to post 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. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

UMH Properties Trading Up 0.6 %

UMH opened at $15.69 on Thursday. The business has a fifty day moving average price of $15.55 and a 200 day moving average price of $15.01. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -104.59, a PEG ratio of 2.78 and a beta of 1.24. UMH Properties has a 12 month low of $13.26 and a 12 month high of $16.85. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be given a dividend of $0.215 per share. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. This represents a $0.86 annualized dividend and a dividend yield of 5.48%. The ex-dividend date is Tuesday, May 14th. UMH Properties’s dividend payout ratio is currently -546.63%.

Analyst Ratings Changes

UMH has been the subject of several analyst reports. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, April 16th. 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 report on Thursday, March 21st. Wedbush reaffirmed a “neutral” rating and set a $17.00 price objective on shares of UMH Properties in a research report on Monday, March 25th. Finally, B. Riley initiated coverage on UMH Properties in a research report on Thursday, March 21st. They set a “buy” rating and a $18.50 price objective for the company. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $19.00.

Insider Activity at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total value 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 legal filing with the SEC, which can be accessed through the SEC website. Insiders own 8.63% of the company’s stock.

About UMH Properties

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.