Brokerages Set UMH Properties, Inc. (NYSE:UMH) PT at $21.25

Shares of UMH Properties, Inc. (NYSE:UMH) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $21.25.

UMH has been the subject of several recent analyst reports. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a report on Monday, January 13th.

UMH Properties Trading Up 0.2 %

Shares of NYSE UMH opened at $18.26 on Friday. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market capitalization of $1.44 billion, a PE ratio of 140.48, a PEG ratio of 2.92 and a beta of 1.29. The stock has a fifty day simple moving average of $18.95 and a 200-day simple moving average of $18.85. UMH Properties has a twelve month low of $14.09 and a twelve month high of $20.64.

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

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.71%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Insider Buying and Selling

In other UMH Properties news, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction on Wednesday, November 13th. The shares were 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the sale, the director now owns 7,993 shares of the company’s stock, valued at approximately $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. Over the last ninety days, insiders have sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is owned by company insiders.

Institutional Trading of UMH Properties

Institutional investors have recently modified their holdings of the company. Maryland Capital Advisors Inc. acquired a new stake in UMH Properties in the 3rd quarter valued at $26,000. Loomis Sayles & Co. L P boosted its position in shares of UMH Properties by 2,760.0% in the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 2,346 shares during the period. US Bancorp DE grew its stake in shares of UMH Properties by 261.1% in the third quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 698 shares during the period. Finally, Ulland Investment Advisors LLC lifted its position in UMH Properties by 291.5% during the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 2,915 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

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.