UMH Properties (UMH) Scheduled to Post Earnings on Thursday

UMH Properties (NYSE:UMH) will 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 interested in participating in the company’s earnings conference call can do so using this link.

UMH Properties Trading Up 0.6 %

UMH stock opened at $15.69 on Thursday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -104.59, a PEG ratio of 2.78 and a beta of 1.24. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. The business has a fifty day simple moving average of $15.55 and a 200-day simple moving average of $15.01. UMH Properties has a 52 week low of $13.26 and a 52 week high of $16.85.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.48%. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, May 14th. UMH Properties’s dividend payout ratio is presently -546.63%.

Analyst Ratings Changes

A number of analysts have recently commented on the company. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, April 16th. Compass Point increased their price target on UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a report on Thursday, March 21st. B. Riley assumed coverage on UMH Properties in a report on Thursday, March 21st. They issued a “buy” rating and a $18.50 price target for the company. Finally, Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of UMH Properties in a report on Monday, March 25th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $19.00.

Insider Activity at UMH Properties

In related news, COO Brett Taft sold 9,800 shares of the stock in a transaction on 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 in the company, 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. 8.63% of the stock is owned by insiders.

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.