UMH Properties (UMH) Projected to Post Earnings on Wednesday

UMH Properties (NYSE:UMH) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect UMH Properties to post earnings of $0.03 per share and revenue of $59.73 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

UMH Properties Stock Performance

Shares of UMH stock opened at $18.03 on Tuesday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.66, a PEG ratio of 2.93 and a beta of 1.28. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The company has a 50-day simple moving average of $18.29 and a 200 day simple moving average of $18.93. UMH Properties has a 52 week low of $14.09 and a 52 week high of $20.64.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s payout ratio is 661.54%.

Analysts Set New Price Targets

Several analysts recently commented on UMH shares. Wedbush reaffirmed a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.