UMH Properties (UMH) Expected to Announce Earnings on Wednesday

UMH Properties (NYSE:UMH) is expected to announce its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.03 per share and revenue of $59.73 million for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $18.03 on Tuesday. The firm has a 50 day moving average of $18.29 and a 200-day moving average of $18.93. The stock has a market capitalization of $1.42 billion, a PE ratio of 138.66, a PEG ratio of 2.93 and a beta of 1.28. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties has a 12 month low of $14.09 and a 12 month high of $20.64.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be given a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s payout ratio is presently 661.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on UMH shares. Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.25.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.