UMH Properties (UMH) to Release Earnings on Wednesday

UMH Properties (NYSE:UMH - Get Free Report) is scheduled to announce its earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.24 per share for the quarter. UMH Properties has set its FY 2024 guidance at 0.910-0.950 EPS.Parties interested in registering for the company's conference call can do so using this link.

UMH Properties (NYSE:UMH - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.21). UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. The company had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. During the same period last year, the business earned $0.21 EPS. On average, analysts expect UMH Properties to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

UMH Properties Stock Up 0.8 %

Shares of NYSE:UMH traded up $0.16 on Wednesday, hitting $19.01. 189,617 shares of the company traded hands, compared to its average volume of 409,099. The company has a market cap of $1.49 billion, a PE ratio of -271.53, a PEG ratio of 3.41 and a beta of 1.30. The stock has a 50 day simple moving average of $19.32 and a 200-day simple moving average of $17.45. UMH Properties has a 52 week low of $13.63 and a 52 week high of $20.64. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49.

UMH Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 annualized dividend and a yield of 4.52%. UMH Properties's dividend payout ratio (DPR) is presently -1,228.40%.

Analyst Ratings Changes

UMH has been the topic of several recent analyst reports. B. Riley increased their target price on UMH Properties from $18.50 to $22.50 and gave the company a "buy" rating in a research note on Thursday, August 15th. StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a report on Tuesday, August 13th. Alliance Global Partners initiated coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a "buy" rating and a $21.00 target price on the stock. Finally, Wedbush raised their price target on shares of UMH Properties from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, UMH Properties currently has an average rating of "Moderate Buy" and an average price target of $21.25.

Insiders Place Their Bets

In other news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the transaction, the director now owns 412 shares in the company, valued at $8,050.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 8.63% of the company's stock.

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.