UMH Properties, Inc. (NYSE:UMH) Receives $21.25 Average PT from Analysts

Shares of UMH Properties, Inc. (NYSE:UMH) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.25.

Several research analysts recently weighed in on the stock. Alliance Global Partners started coverage on shares of UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price objective for the company. Wedbush lifted their target price on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research note on Thursday, August 8th. B. Riley upped their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com cut UMH Properties from a “hold” rating to a “sell” rating in a report on Friday.

UMH Properties Price Performance

Shares of UMH Properties stock opened at $19.35 on Monday. UMH Properties has a 1-year low of $13.91 and a 1-year high of $20.64. The firm’s 50-day moving average price is $19.22 and its two-hundred day moving average price is $17.60. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 1.49. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 148.85, a P/E/G ratio of 3.38 and a beta of 1.30.

UMH Properties (NYSE:UMH) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.21). UMH Properties had a return on equity of 6.49% and a net margin of 11.81%. The business had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. During the same quarter in the previous year, the company posted $0.21 EPS. On average, equities analysts predict that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a dividend of $0.215 per share. The ex-dividend date is Friday, November 15th. This represents a $0.86 dividend on an annualized basis and a yield of 4.44%. UMH Properties’s payout ratio is 661.54%.

Insider Activity

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the completion of the transaction, the director now owns 412 shares in the company, valued at approximately $8,050.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 8.63% of the company’s stock.

Institutional Investors Weigh In On UMH Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after purchasing an additional 629,427 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its stake in shares of UMH Properties by 3.0% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 69,952 shares of the real estate investment trust’s stock valued at $1,136,000 after buying an additional 2,058 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in UMH Properties by 2.4% during the first quarter. State of Alaska Department of Revenue now owns 28,798 shares of the real estate investment trust’s stock worth $467,000 after buying an additional 668 shares during the last quarter. Daiwa Securities Group Inc. raised its position in UMH Properties by 10.3% during the first quarter. Daiwa Securities Group Inc. now owns 20,214 shares of the real estate investment trust’s stock worth $328,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Jennison Associates LLC raised its position in UMH Properties by 0.4% during the first quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock worth $21,203,000 after acquiring an additional 5,015 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Company Profile

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.