UMH Properties, Inc. (UMH) Scheduled to Post Earnings on Monday
UMH Properties, Inc. (NYSE:UMH) is scheduled to post its quarterly earnings results after the market closes on Monday, November 6th. Analysts expect UMH Properties to post earnings of ($0.04) per share for the quarter.
UMH Properties, Inc. (NYSE UMH) opened at 15.02 on Monday. The firm’s market capitalization is $509.10 million. The stock has a 50 day moving average of $15.57 and a 200 day moving average of $16.20. UMH Properties, Inc. has a 12-month low of $11.47 and a 12-month high of $17.90.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date of this dividend is Tuesday, November 14th. UMH Properties’s dividend payout ratio is -799.91%.
A number of brokerages have recently issued reports on UMH. Zacks Investment Research upgraded shares of UMH Properties from a “strong sell” rating to a “hold” rating in a research note on Friday, October 13th. BidaskClub upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine cut shares of UMH Properties from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Janney Montgomery Scott began coverage on shares of UMH Properties in a research note on Friday, September 8th. They issued a “buy” rating for the company. Finally, DA Davidson began coverage on shares of UMH Properties in a research note on Friday, September 1st. They issued a “buy” rating and a $18.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. UMH Properties presently has a consensus rating of “Buy” and an average price target of $18.70.
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About UMH Properties
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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