UMH Properties, Inc. (NYSE:UMH) Plans Quarterly Dividend of $0.22

UMH Properties, Inc. (NYSE:UMH) declared a quarterly dividend on Tuesday, January 7th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be paid a dividend of 0.215 per share by the real estate investment trust on Monday, March 17th. This represents a $0.86 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Tuesday, February 18th.

UMH Properties has increased its dividend payment by an average of 173.6% per year over the last three years. UMH Properties has a payout ratio of 286.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect UMH Properties to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 86.0%.

UMH Properties Price Performance

Shares of UMH opened at $18.04 on Friday. The firm has a market capitalization of $1.42 billion, a PE ratio of 138.79, a PEG ratio of 3.02 and a beta of 1.28. The company’s 50-day moving average is $18.49 and its 200-day moving average is $18.96. UMH Properties has a fifty-two week low of $14.09 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

Insider Activity

In related news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now directly owns 7,993 shares in the company, valued at $153,945.18. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.63% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UMH has been the topic of several research analyst reports. Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.25.

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.