UMH Properties (NYSE:UMH) Posts Quarterly Earnings Results

UMH Properties (NYSE:UMH) posted its quarterly earnings results on Monday. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06), FiscalAI reports. The company had revenue of $74.14 million for the quarter, compared to analyst estimates of $62.23 million. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.

UMH Properties Stock Performance

Shares of UMH opened at $15.28 on Tuesday. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. The stock has a market cap of $1.30 billion, a P/E ratio of 127.29 and a beta of 0.98. The company has a 50-day moving average of $15.59 and a two-hundred day moving average of $15.47. UMH Properties has a 12-month low of $13.93 and a 12-month high of $16.77.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.2250 per share. This represents a $0.90 annualized dividend and a yield of 5.9%. The ex-dividend date is Monday, November 16th. UMH Properties’s dividend payout ratio (DPR) is 750.00%.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. Odeon Capital Group set a $17.50 price objective on shares of UMH Properties in a research note on Thursday, July 9th. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $17.25.

About UMH Properties

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