UMH Properties (NYSE:UMH) Issues Earnings Results, Beats Expectations By $0.21 EPS

UMH Properties (NYSE:UMH) released its quarterly earnings data on Wednesday. The real estate investment trust reported $0.24 EPS for the quarter, beating the consensus estimate of $0.03 by $0.21, Zacks reports. The business had revenue of ($126.74) million for the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. UMH Properties updated its FY 2025 guidance to 0.960-1.040 EPS.

UMH Properties Stock Up 3.9 %

Shares of NYSE:UMH opened at $18.74 on Friday. The firm has a fifty day moving average price of $18.25 and a two-hundred day moving average price of $18.92. The company has a market cap of $1.48 billion, a price-to-earnings ratio of 144.13, a PEG ratio of 2.93 and a beta of 1.28. UMH Properties has a one year low of $14.09 and a one year high of $20.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a yield of 4.59%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio is presently 661.54%.

Analysts Set New Price Targets

A number of brokerages recently commented on UMH. StockNews.com cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, UMH Properties presently has an average rating of “Hold” and a consensus target price of $21.25.

About UMH Properties

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.