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

UMH Properties, Inc. (NYSE:UMH) announced a quarterly dividend on Wednesday, January 21st. Investors of record on Tuesday, February 17th will be paid a dividend of 0.225 per share by the real estate investment trust on Monday, March 16th. This represents a c) dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Tuesday, February 17th.

UMH Properties has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. UMH Properties has a dividend 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 research analysts expect UMH Properties to earn $1.00 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 90.0%.

UMH Properties Trading Down 1.0%

Shares of NYSE UMH opened at $16.16 on Thursday. UMH Properties has a 1 year low of $13.95 and a 1 year high of $19.14. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.86 and a quick ratio of 6.86. The firm has a 50-day moving average of $15.66 and a 200 day moving average of $15.55. The stock has a market cap of $1.38 billion, a P/E ratio of 201.96, a price-to-earnings-growth ratio of 2.72 and a beta of 1.09.

UMH Properties (NYSE:UMH) last posted its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 EPS for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $66.92 million during the quarter, compared to the consensus estimate of $68.70 million. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. As a group, sell-side analysts expect that UMH Properties will post 0.93 EPS for the current fiscal year.

About UMH Properties

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.