UMH Properties’ stockholders of record on May 15th will receive the benefit of $0.18 per share June 17, representing a yield of 6.79%, according to information MHProNews has received from utahpeoplespost. While The Street downgraded the stock to “hold” from “buy” March 15, it was up Monday April 8 by 1.23% at 10.73, which is also its fifty-day moving average. The company earned 0.10 earnings per share in its last reported quarter. UMH owns and operates 68 communities comprised of 12,800 homesites, having recently acquired Holiday Mobile Village, a 274 site MHC in Nashville, Tenn., as we posted April 3. The company also maintains a portfolio of REITs.
(Photo credit: UMH Properties)