Analysts Set UMH Properties, Inc. (NYSE:UMH) Target Price at $21.25

UMH Properties, Inc. (NYSE:UMH) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $21.25.

UMH has been the subject of several recent analyst reports. Wedbush upped their target price on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. B. Riley lifted their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a research note on Thursday, August 15th. Finally, StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th.

Insider Buying and Selling at UMH Properties

In other news, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now owns 7,993 shares in the company, valued at $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.63% of the stock is currently owned by corporate insiders.

Institutional Trading of UMH Properties

Institutional investors have recently added to or reduced their stakes in the stock. Franklin Resources Inc. acquired a new position in shares of UMH Properties in the 3rd quarter valued at $4,421,000. Tidal Investments LLC acquired a new stake in shares of UMH Properties in the 3rd quarter valued at approximately $495,000. Geode Capital Management LLC boosted its position in shares of UMH Properties by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after purchasing an additional 59,705 shares in the last quarter. Vestcor Inc acquired a new position in shares of UMH Properties during the 3rd quarter worth $1,119,000. Finally, Barclays PLC grew its position in UMH Properties by 101.1% during the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after buying an additional 80,660 shares during the period. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Down 0.3 %

NYSE:UMH opened at $19.20 on Friday. The firm’s 50-day moving average price is $19.10 and its 200-day moving average price is $17.98. UMH Properties has a 1-year low of $14.07 and a 1-year high of $20.64. The company has a market capitalization of $1.51 billion, a PE ratio of 147.70, a P/E/G ratio of 3.44 and a beta of 1.30. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

UMH Properties (NYSE:UMH) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The firm had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same period last year, the business earned $0.22 EPS. On average, equities analysts predict that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s dividend payout ratio is currently 661.59%.

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.