UMH Properties, Inc (NYSE:UMH) announced a quarterly dividend on Friday, January 26th, Wall Street Journal reports. Stockholders of record on Thursday, February 15th will be given a dividend of 0.18 per share by the real estate investment trust on Thursday, March 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date of this dividend is Wednesday, February 14th.

UMH Properties has a payout ratio of 98.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect UMH Properties to earn $0.84 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 85.7%.

Shares of UMH Properties (NYSE:UMH) opened at $12.41 on Friday. The company has a market capitalization of $436.23, a price-to-earnings ratio of 18.10, a PEG ratio of 1.49 and a beta of 0.50. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98. UMH Properties has a twelve month low of $12.25 and a twelve month high of $17.90.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.34). The firm had revenue of $28.69 million for the quarter, compared to analyst estimates of $28.79 million. UMH Properties had a return on equity of 0.74% and a net margin of 1.05%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.02) earnings per share. research analysts predict that UMH Properties will post 0.73 earnings per share for the current year.

A number of research firms have recently commented on UMH. Zacks Investment Research upgraded UMH Properties from a “strong sell” rating to a “hold” rating in a report on Friday, October 13th. B. Riley restated a “buy” rating and set a $17.50 price objective on shares of UMH Properties in a report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $18.25.

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UMH Properties Company Profile

UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.

Dividend History for UMH Properties (NYSE:UMH)

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