Last $9.86 USD
Change Today 0.00 / 0.00%
Volume 100.1K
UMH On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 04/15/14 All times are local (Market data is delayed by at least 15 minutes).

umh properties inc (UMH) Snapshot

Open
$9.83
Previous Close
$9.86
Day High
$9.89
Day Low
$9.78
52 Week High
05/8/13 - $11.55
52 Week Low
12/17/13 - $9.01
Market Cap
211.1M
Average Volume 10 Days
81.0K
EPS TTM
$-0.09
Shares Outstanding
21.4M
EX-Date
05/13/14
P/E TM
--
Dividend
$0.72
Dividend Yield
7.30%
Current Stock Chart for UMH PROPERTIES INC (UMH)

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umh properties inc (UMH) Details

UMH Properties, Inc. (UMH) is a real estate investment trust. The firm engages in the ownership and operation of manufactured home communities. It leases manufactured home spaces to private manufactured home owners, as well as leases homes to residents. The firm invests in the real estate markets of New York, New Jersey, Pennsylvania, Ohio, and Tennessee. In addition, it invests in debt and equity securities of REITs. United Mobile Homes was incorporated in 1968. The company was formerly known as United Mobile Homes, Inc. UMH Properties is based in Freehold, New Jersey.

250 Employees
Last Reported Date: 03/12/14
Founded in 1968

umh properties inc (UMH) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $565.8K
Founder and Chairman
Total Annual Compensation: $506.7K
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $422.8K
Compensation as of Fiscal Year 2013.

umh properties inc (UMH) Key Developments

UMH Properties Inc. Declares Common and Preferred Stock Dividends, Payable on June 16, 2014

On April 1, 2014, the Board of Directors of UMH Properties Inc. declared its quarterly cash dividend on the company's common stock of $0.18 per share June 16, 2014, to shareholders of record at the close of business on May 15, 2014. The company's annual dividend rate on its common stock is $0.72 per share. The company announced that also on April 1, 2014, the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from March 1, 2014 through May 31, 2014, on the company's 8.25% Series A Cumulative Redeemable Preferred Stock payable June 16, 2014, to shareholders of record at the close of business on May 15, 2014. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.

UMH Properties Inc. Amends Bylaws

The board of directors of UMH Properties Inc. approved an amendment and restatement to the company’s bylaws, effective as of the same date. The only change to the company’s bylaws effected by the amendment was to delete the from section 11 of article III of the company’s bylaws.

UMH Properties Mulls Acquisitions

UMH Properties Inc. (NYSE:UMH) is seeking acquistions. Samuel Landy, President and Chief Executive Officer of UMH Properties, said, "We are continuing to build our acquisition pipeline and are in various stages of negotiations for a number of community acquisitions. Our growth strategy is to purchase communities in strong geographic areas, make appropriate capital improvements, ad sales staff and marketing, and thereby increase income and occupancy. We believe our business plan will increase the value of these communities dramatically. We anticipate adding an additional $100 million in communities over the next few years. While community acquisitions often require additional investments in time and capital to bring these communities up to our highest standards, we are confident that these acquisitions will have a favorable impact in delivering long-term value to our shareholders."

 

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UMH Competitors

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Company Last Change
EastGroup Properties Inc $63.75 USD +1.06
Glimcher Realty Trust $9.95 USD +0.08
Post Properties Inc $49.50 USD +0.25
Ramco-Gershenson Properties Trust $16.31 USD +0.10
Sun Communities Inc $44.19 USD +0.72
View Industry Companies
 

Industry Analysis

UMH

Industry Average

Valuation UMH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.2x
Price/Book 2.1x
Price/Cash Flow 12.0x
TEV/Sales NM Not Meaningful
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