UMH Properties, Inc. (UMH) To Go Ex-Dividend on February 18th

UMH Properties, Inc. (NYSE:UMH) announced a quarterly dividend on Wednesday, January 8th,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 4.71%. The ex-dividend date of this dividend is Tuesday, February 18th.

UMH Properties has raised its dividend payment by an average of 225.6% per year over the last three years. UMH Properties has a payout ratio of 344.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 NYSE UMH opened at $18.24 on Friday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The firm’s 50-day moving average price is $19.07 and its 200-day moving average price is $18.70. The firm has a market capitalization of $1.44 billion, a P/E ratio of 140.32, a P/E/G ratio of 3.47 and a beta of 1.29. UMH Properties has a 1-year low of $14.09 and a 1-year high of $20.64.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same period last year, the company posted $0.22 earnings per share. Equities research analysts anticipate that UMH Properties will post 0.93 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.25.

Insiders Place Their Bets

In other news, CEO Samuel A. Landy sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. This represents a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Angela D. Pruitt sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 53,845 shares of company stock valued at $1,051,210. Corporate insiders own 8.63% 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 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.