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

UMH Properties, Inc. (NYSE:UMH) announced a quarterly dividend on Thursday, October 1st. Investors of record on Monday, November 16th will be given a dividend of $0.2250 per share by the real estate investment trust on Tuesday, December 15th. This represents a $0.90 annualized dividend and a yield of 5.8%. The ex-dividend date is Monday, November 16th.

UMH Properties has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. UMH Properties has a payout ratio of 409.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Up 1.0%

UMH Properties stock traded up $0.16 during midday trading on Friday, hitting $15.49. 26,509 shares of the company’s stock were exchanged, compared to its average volume of 625,737. UMH Properties has a 12 month low of $13.93 and a 12 month high of $16.77. The company has a market cap of $1.32 billion, a PE ratio of 128.96 and a beta of 0.98. The firm has a 50-day moving average of $15.87 and a two-hundred day moving average of $15.44. The company has a debt-to-equity ratio of 1.28, a quick ratio of 6.90 and a current ratio of 6.90.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Wednesday, August 5th. The real estate investment trust reported $0.05 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.02. The firm had revenue of $71.64 million for the quarter, compared to the consensus estimate of $60.76 million. UMH Properties had a net margin of 11.55% and a return on equity of 5.40%. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. As a group, analysts expect that UMH Properties will post 0.99 earnings per share for the current fiscal year.

Institutional Trading of UMH Properties

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new stake in UMH Properties during the second quarter valued at $127,139,000. Bank of America Corp DE bought a new stake in UMH Properties during the 2nd quarter valued at $15,655,000. Pacific Heights Asset Management LLC acquired a new stake in shares of UMH Properties in the 2nd quarter worth about $10,598,000. William Blair Investment Management LLC bought a new position in shares of UMH Properties in the second quarter valued at approximately $10,175,000. Finally, Bank of New York Mellon Corp purchased a new stake in UMH Properties in the 2nd quarter valued at $7,212,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Company Profile

UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residential sites for manufactured homes and manages communities designed to offer affordable housing options and related amenities to residents.

In addition to operating its communities, UMH owns and rents manufactured homes to residents, allowing it to serve both homeowners who lease sites and customers seeking rental housing. Its portfolio is concentrated in parts of the Northeast, Midwest and Southeast, including states such as New Jersey, New York, Pennsylvania, Ohio, Indiana, Michigan and Tennessee.

UMH Properties was founded in 1968 and has been publicly traded since 1985.