UMH Properties (UMH) to Release Quarterly Earnings on Wednesday

UMH Properties (NYSE:UMH) is scheduled to be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.21 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

UMH Properties Stock Up 1.0 %

UMH stock opened at $13.81 on Wednesday. The company has a market cap of $901.38 million, a price-to-earnings ratio of -41.85, a PEG ratio of 4.10 and a beta of 1.28. The firm has a 50-day moving average of $14.28 and a two-hundred day moving average of $15.23. UMH Properties has a 12 month low of $13.26 and a 12 month high of $18.87. The company has a current ratio of 5.84, a quick ratio of 5.84 and a debt-to-equity ratio of 1.95.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a $0.205 dividend. This represents a $0.82 annualized dividend and a yield of 5.94%. The ex-dividend date of this dividend is Tuesday, November 14th. UMH Properties’s payout ratio is currently -248.48%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on UMH. StockNews.com initiated coverage on shares of UMH Properties in a report on Thursday, October 5th. They issued a “sell” rating for the company. Wedbush increased their price target on shares of UMH Properties from $19.00 to $20.00 and gave the company an “outperform” rating in a research note on Friday, August 11th. Finally, Wolfe Research cut UMH Properties from an “outperform” rating to a “peer perform” rating in a research note on Tuesday, July 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.00.

Hedge Funds Weigh In On UMH Properties

Hedge funds have recently bought and sold shares of the company. Point72 Hong Kong Ltd purchased a new stake in UMH Properties during the first quarter worth about $58,000. Federated Hermes Inc. increased its stake in UMH Properties by 54.9% during the 3rd quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 856 shares during the period. Quantbot Technologies LP increased its stake in UMH Properties by 1,600.0% during the 2nd quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock worth $60,000 after buying an additional 3,200 shares during the period. Ameritas Investment Partners Inc. boosted its position in UMH Properties by 22.4% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,546 shares of the real estate investment trust’s stock valued at $73,000 after buying an additional 832 shares during the period. Finally, Lazard Asset Management LLC grew its stake in shares of UMH Properties by 26.8% in the second quarter. Lazard Asset Management LLC now owns 5,548 shares of the real estate investment trust’s stock worth $88,000 after acquiring an additional 1,174 shares in the last quarter. Institutional investors and hedge funds own 71.65% of the company’s stock.

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 25,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia.