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

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

A number of research analysts recently weighed in on the stock. Wedbush reissued a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a research report on Tuesday, February 25th.

UMH Properties Trading Down 0.4 %

Shares of UMH opened at $18.23 on Friday. 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 has a 1 year low of $14.73 and a 1 year high of $20.64. The company has a 50 day simple moving average of $18.21 and a two-hundred day simple moving average of $18.89. The firm has a market cap of $1.50 billion, a P/E ratio of 140.20, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.21. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of ($126.74) million during the quarter, compared to analyst estimates of $59.73 million. On average, equities 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 declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be given a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a yield of 4.72%. UMH Properties’s dividend payout ratio is presently 2,866.67%.

Institutional Trading of UMH Properties

A number of institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. bought a new stake in shares of UMH Properties during the third quarter worth $675,000. Concurrent Investment Advisors LLC bought a new stake in shares of UMH Properties during the third quarter worth $614,000. Barclays PLC lifted 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 worth $3,155,000 after purchasing an additional 80,660 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of 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 worth $18,505,000 after purchasing an additional 56,662 shares during the last quarter. Finally, State Street Corp lifted its position in shares of UMH Properties by 44.5% during the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock worth $55,127,000 after purchasing an additional 863,089 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

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.