UMH Properties, Inc. (NYSE:UMH) Plans Quarterly Dividend of $0.23

UMH Properties, Inc. (NYSE:UMH) declared a quarterly dividend on Wednesday, July 1st. Stockholders of record on Monday, August 17th will be given a dividend of 0.225 per share by the real estate investment trust on Tuesday, September 15th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Monday, August 17th.

UMH Properties has raised its dividend payment by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 4 years. UMH Properties has a dividend payout ratio of 409.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect UMH Properties to earn $1.07 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 84.1%.

UMH Properties Price Performance

NYSE UMH opened at $15.30 on Thursday. UMH Properties has a 12 month low of $13.93 and a 12 month high of $17.44. The firm has a market capitalization of $1.30 billion, a PE ratio of 153.05 and a beta of 0.96. The company’s 50 day simple moving average is $15.32 and its 200 day simple moving average is $15.46. The company has a debt-to-equity ratio of 1.20, a current ratio of 6.97 and a quick ratio of 6.97.

UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Thursday, April 30th. The real estate investment trust reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.02. The firm had revenue of $65.84 million during the quarter, compared to analyst estimates of $59.35 million. UMH Properties had a return on equity of 4.96% and a net margin of 11.03%.UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. As a group, equities research analysts forecast that UMH Properties will post 0.99 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Weiss Ratings upgraded shares of UMH Properties from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Sunday, May 10th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, UMH Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.17.

UMH Properties Company Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.