UMH Properties (NYSE:UMH) Posts Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Key Points

• UMH Properties reported a quarterly loss of $0.02 per share, missing the consensus estimate of $0.04 by $0.06. Revenue reached $74.14 million, well above analyst expectations of $62.23 million.
• The company declared a quarterly dividend of $0.225 per share, or $0.90 annualized, representing a 5.9% yield; its payout ratio stands at 750%.
• Shares traded at $15.28, while analysts maintained a “Moderate Buy” consensus with a $17.25 average price target.

UMH Properties (NYSE:UMH - Get Free Report) posted its earnings results on Monday. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing analysts' consensus estimates of $0.04 by ($0.06), FiscalAI reports. The business had revenue of $74.14 million for the quarter, compared to analyst estimates of $62.23 million. UMH Properties had a return on equity of 5.40% and a net margin of 11.55%.

UMH Properties Price Performance

NYSE:UMH traded up $0.12 on Monday, hitting $15.28. The company had a trading volume of 780,831 shares, compared to its average volume of 618,768. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 127.29 and a beta of 0.99. The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. The firm has a 50 day moving average of $15.61 and a two-hundred day moving average of $15.48. UMH Properties has a 52 week low of $13.93 and a 52 week high of $16.77.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be paid a $0.2250 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, November 16th. UMH Properties's dividend payout ratio (DPR) is presently 750.00%.

Analyst Ratings Changes

UMH has been the topic of a number of recent research reports. Odeon Capital Group set a $17.50 price target on shares of UMH Properties in a research report on Thursday, July 9th. Weiss Ratings reissued a "hold (c)" rating on shares of UMH Properties in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, UMH Properties currently has a consensus rating of "Moderate Buy" and a consensus price target of $17.25.

UMH Properties Company Profile

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