UMH Properties (NYSE:UMH) Issues Quarterly Earnings Results

UMH Properties (NYSE:UMH) announced its quarterly earnings results on Monday. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.06), FiscalAI reports. The business had revenue of $74.14 million during the quarter, compared to analyst estimates of $62.23 million. UMH Properties had a net margin of 11.55% and a return on equity of 5.40%.

UMH Properties Trading Up 0.8%

UMH stock traded up $0.12 during midday trading on Monday, hitting $15.28. The stock had a trading volume of 780,831 shares, compared to its average volume of 618,768. The firm has a market cap of $1.30 billion, a P/E ratio of 127.29 and a beta of 0.99. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. UMH Properties has a 1-year low of $13.93 and a 1-year high of $16.77. The business has a fifty day moving average price of $15.61 and a two-hundred day moving average price of $15.48.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be paid a dividend of $0.2250 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.9%. The ex-dividend date of this dividend is Monday, November 16th. UMH Properties’s dividend payout ratio (DPR) is currently 750.00%.

Analyst Ratings Changes

UMH has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research note on Thursday. Odeon Capital Group set a $17.50 target price on UMH Properties in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, UMH Properties has a consensus rating of “Moderate Buy” and an average price target of $17.25.

UMH Properties Company Profile

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