UMH Properties, Inc. (NYSE:UMH) Given Consensus Rating of “Moderate Buy” by Analysts

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

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

Insider Buying and Selling

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the business’s 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 sale, the director now directly owns 412 shares in the company, valued at $8,050.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.63% of the stock is currently owned by corporate insiders.

Institutional Trading of UMH Properties

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of 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 worth $100,212,000 after purchasing an additional 629,427 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in UMH Properties by 3.0% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 69,952 shares of the real estate investment trust’s stock worth $1,136,000 after buying an additional 2,058 shares in the last quarter. State of Alaska Department of Revenue raised 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 valued at $467,000 after acquiring an additional 668 shares during the period. Daiwa Securities Group Inc. lifted its position in shares of UMH Properties by 10.3% in the first quarter. Daiwa Securities Group Inc. now owns 20,214 shares of the real estate investment trust’s stock valued at $328,000 after acquiring an additional 1,880 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in shares of UMH Properties by 0.4% in 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 during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Down 2.4 %

UMH opened at $18.21 on Monday. The business’s fifty day simple moving average is $19.28 and its 200 day simple moving average is $17.49. UMH Properties has a 52 week low of $13.91 and a 52 week high of $20.64. 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 stock has a market cap of $1.43 billion, a PE ratio of -260.11, a P/E/G ratio of 3.35 and a beta of 1.30.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The business had revenue of $60.33 million during the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. During the same quarter in the previous year, the firm 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 Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders 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 4.72%. UMH Properties’s dividend payout ratio is presently -1,228.40%.

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.