UMH Properties, Inc. Declares Quarterly Dividend of $0.21 (NYSE:UMH)

UMH Properties, Inc. (NYSE:UMHGet Free Report) announced a quarterly dividend on Wednesday, January 10th, Zacks reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.205 per share by the real estate investment trust on Friday, March 15th. This represents a $0.82 annualized dividend and a dividend yield of 5.54%. The ex-dividend date of this dividend is Wednesday, February 14th.

UMH Properties has increased its dividend payment by an average of 4.4% per year over the last three years and has raised its dividend every year for the last 3 years. UMH Properties has a dividend payout ratio of 455.6% 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 $0.93 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 88.2%.

UMH Properties Stock Performance

Shares of UMH opened at $14.80 on Monday. The firm has a market cap of $982.72 million, a PE ratio of -61.67, a PEG ratio of 4.00 and a beta of 1.24. The stock’s fifty day moving average price is $15.16 and its two-hundred day moving average price is $14.80. The company has a debt-to-equity ratio of 1.72, a current ratio of 6.17 and a quick ratio of 6.17. UMH Properties has a 1 year low of $13.26 and a 1 year high of $18.50.

Institutional Trading of UMH Properties

Several hedge funds have recently made changes to their positions in the company. UBS Group AG raised its stake in shares of UMH Properties by 36.6% in the fourth quarter. UBS Group AG now owns 121,018 shares of the real estate investment trust’s stock valued at $1,854,000 after buying an additional 32,435 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of UMH Properties by 5.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 886,603 shares of the real estate investment trust’s stock valued at $13,583,000 after buying an additional 44,196 shares during the period. International Assets Investment Management LLC raised its stake in shares of UMH Properties by 1,440.7% in the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 7,391 shares during the period. Deutsche Bank AG grew its position in shares of UMH Properties by 7.0% in the third quarter. Deutsche Bank AG now owns 27,354 shares of the real estate investment trust’s stock valued at $384,000 after purchasing an additional 1,778 shares in the last quarter. Finally, Graham Capital Management L.P. purchased a new position in shares of UMH Properties in the third quarter valued at $187,000. 71.65% of the stock is currently owned by institutional investors.

About UMH Properties

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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, Maryland, Michigan, Alabama, South Carolina and Georgia.

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Dividend History for UMH Properties (NYSE:UMH)

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