UMH Properties, Inc. (NYSE:UMH) Shares Will Pay Quarterly Dividend of $0.23

Key Points

• UMH Properties declared a quarterly dividend of $0.225 per share, payable December 15 to shareholders of record on November 16. The annualized dividend is $0.90 per share, representing a 5.8% yield.
• The dividend has been raised annually for four consecutive years, but the current 409.1% payout ratio indicates it is not covered by earnings alone. Based on projected earnings, the future payout ratio is expected to improve to approximately 84.1%.
• UMH shares recently traded at $15.49, within a 12-month range of $13.93 to $16.77. In its latest quarter, the REIT reported $0.05 in EPS and $71.64 million in revenue, exceeding analyst estimates.

UMH Properties, Inc. (NYSE:UMH - Get Free Report) declared a quarterly dividend on Thursday, October 1st. Stockholders of record on Monday, November 16th will be paid a dividend of $0.2250 per share by the real estate investment trust on Tuesday, December 15th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Monday, November 16th.

UMH Properties has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. UMH Properties has a payout ratio of 409.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect UMH Properties to earn $1.07 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 84.1%.

UMH Properties Price Performance

Shares of UMH stock traded up $0.16 during mid-day trading on Friday, reaching $15.49. The stock had a trading volume of 26,509 shares, compared to its average volume of 625,737. UMH Properties has a 12-month low of $13.93 and a 12-month high of $16.77. The company has a market cap of $1.32 billion, a P/E ratio of 128.96 and a beta of 0.98. The business has a 50-day simple moving average of $15.87 and a 200 day simple moving average of $15.44. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28.

UMH Properties (NYSE:UMH - Get Free Report) last released its quarterly earnings data on Wednesday, August 5th. The real estate investment trust reported $0.05 EPS for the quarter, topping the consensus estimate of $0.03 by $0.02. The business had revenue of $71.64 million for the quarter, compared to analyst estimates of $60.76 million. UMH Properties had a net margin of 11.55% and a return on equity of 5.40%. UMH Properties has set its FY 2026 guidance at 0.980-1.040 EPS. On average, sell-side analysts anticipate that UMH Properties will post 0.99 earnings per share for the current year.

UMH Properties Company Profile

UMH Properties, Inc is a real estate investment trust that owns and operates manufactured housing communities in the United States. The company provides residential sites for manufactured homes and manages communities designed to offer affordable housing options and related amenities to residents.

In addition to operating its communities, UMH owns and rents manufactured homes to residents, allowing it to serve both homeowners who lease sites and customers seeking rental housing. Its portfolio is concentrated in parts of the Northeast, Midwest and Southeast, including states such as New Jersey, New York, Pennsylvania, Ohio, Indiana, Michigan and Tennessee.

UMH Properties was founded in 1968 and has been publicly traded since 1985.

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