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

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

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

UMH Properties Price Performance

UMH opened at $18.26 on Friday. The company’s 50-day simple moving average is $18.98 and its two-hundred day simple moving average is $18.80. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market capitalization of $1.44 billion, a P/E ratio of 140.48, a P/E/G ratio of 2.92 and a beta of 1.29. UMH Properties has a 52-week low of $14.09 and a 52-week high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share 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 for the quarter, compared to the consensus estimate of $61.57 million. During the same quarter last year, the company earned $0.22 EPS. As a group, analysts predict that UMH Properties will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s payout ratio is 661.59%.

Insider Activity

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now owns 7,993 shares in the company, valued at approximately $153,945.18. This trade represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Samuel A. Landy sold 50,000 shares of the company’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 transaction of $977,500.00. Following the completion of the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,845 shares of company stock valued at $1,051,210 in the last ninety days. Corporate insiders own 8.63% of the company’s stock.

Institutional Investors Weigh In On UMH Properties

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. purchased a new stake in shares of UMH Properties during the third quarter worth about $675,000. Concurrent Investment Advisors LLC purchased a new stake in UMH Properties during the 3rd quarter valued at approximately $614,000. Barclays PLC raised its position in shares of UMH Properties by 101.1% during the third quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock valued at $3,155,000 after buying an additional 80,660 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in UMH Properties by 6.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after acquiring an additional 56,662 shares in the last quarter. Finally, State Street Corp increased its holdings in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after acquiring an additional 863,089 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

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.