UMH Properties (NYSE:UMH) Posts Earnings Results, Misses Estimates By $0.06 EPS

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

UMH Properties Stock Performance

Shares of NYSE UMH traded up $0.12 during trading hours on Monday, reaching $15.28. The stock had a trading volume of 780,832 shares, compared to its average volume of 618,768. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 127.29 and a beta of 0.99. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. UMH Properties has a fifty-two week low of $13.93 and a fifty-two week high of $16.77. The firm has a 50-day moving average of $15.61 and a 200-day moving average of $15.48.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Investors of record on Monday, November 16th will be given a $0.2250 dividend. The ex-dividend date of this dividend is Monday, November 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.9%. UMH Properties’s dividend payout ratio is 750.00%.

Analyst Ratings Changes

UMH has been the subject of several recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Thursday. Odeon Capital Group set a $17.50 target price on shares of UMH Properties in a research report on Thursday, July 9th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $17.25.

UMH Properties Company Profile

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