UMH Properties, Inc. (NYSE:UMH) Receives Consensus Recommendation of “Moderate Buy” from Analysts

UMH Properties, Inc. (NYSE:UMH) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $21.25.

A number of research firms have recently commented on UMH. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Wedbush lifted their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. B. Riley upped their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, Alliance Global Partners began coverage on shares of UMH Properties in a research report on Thursday, July 18th. They set a “buy” rating and a $21.00 target price for the company.

Insiders Place Their Bets

In related news, Director Michael P. Landy acquired 4,700 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were purchased at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the purchase, the director now owns 341,796 shares in the company, valued at $5,280,748.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Kiernan Conway sold 2,700 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the transaction, the director now directly owns 412 shares of the company’s stock, valued at approximately $8,050.48. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Michael P. Landy purchased 4,700 shares of the stock in a transaction on Tuesday, June 18th. The shares were bought at an average cost of $15.45 per share, for a total transaction of $72,615.00. Following the transaction, the director now directly owns 341,796 shares in the company, valued at $5,280,748.20. The disclosure for this purchase can be found here. 8.63% of the stock is owned by company insiders.

Hedge Funds Weigh In On UMH Properties

Hedge funds have recently bought and sold shares of the company. EntryPoint Capital LLC boosted its holdings in UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,806 shares during the period. Ridgewood Investments LLC purchased a new stake in shares of UMH Properties during the second quarter valued at approximately $71,000. Quadrant Capital Group LLC boosted its stake in shares of UMH Properties by 52.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock worth $82,000 after buying an additional 1,856 shares during the last quarter. Quest Partners LLC grew its stake in shares of UMH Properties by 337.7% during the 2nd quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 8,141 shares during the period. Finally, ProShare Advisors LLC bought a new position in UMH Properties in the 1st quarter worth approximately $178,000. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Up 2.1 %

UMH opened at $20.42 on Friday. The stock has a market cap of $1.50 billion, a PE ratio of -136.12, a P/E/G ratio of 3.60 and a beta of 1.30. UMH Properties has a 52 week low of $13.26 and a 52 week high of $20.49. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. The business’s fifty day simple moving average is $18.57 and its 200 day simple moving average is $16.69.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. The firm had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. During the same period in the previous year, the company posted $0.21 earnings per share. As a group, research analysts expect that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.215 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.21%. UMH Properties’s dividend payout ratio is currently -573.30%.

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.