UMH Properties (UMH) Projected to Post Earnings on Wednesday

UMH Properties (NYSE:UMH) is expected to be announcing 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. Parties interested in registering for the company’s conference call can do so using this link.

UMH Properties Trading Down 2.8 %

UMH stock opened at $17.52 on Wednesday. UMH Properties has a one year low of $14.09 and a one year high of $20.64. The company has a market capitalization of $1.38 billion, a PE ratio of 134.77, a price-to-earnings-growth ratio of 3.02 and a beta of 1.28. The company’s 50 day moving average price is $18.42 and its two-hundred day moving average price is $18.96. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be issued a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.91%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio (DPR) is currently 661.54%.

Analysts Set New Price Targets

A number of research 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 note on Monday, January 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $21.25.

About UMH Properties

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.