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

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

Several analysts have recently weighed in on UMH shares. B. Riley increased their price target on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Finally, Wedbush lifted their target price on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a research report on Thursday, August 8th.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $19.26 on Friday. 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 business’s 50 day moving average price is $19.13 and its 200 day moving average price is $17.94. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 148.17, a PEG ratio of 3.47 and a beta of 1.30. UMH Properties has a one year low of $13.91 and a one year high of $20.64.

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 analyst estimates of $61.57 million. During the same period in the previous year, the firm posted $0.22 EPS. On average, research analysts predict that UMH Properties will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.47%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s payout ratio is 661.59%.

Insider Buying and Selling

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the completion of the sale, the director now directly owns 7,993 shares of the company’s stock, valued at $153,945.18. This represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 value of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at $21,599,348.30. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. 8.63% of the stock is currently owned by company insiders.

Institutional Trading of UMH Properties

Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. increased its position in UMH Properties by 1.0% during the second quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock worth $46,869,000 after buying an additional 29,320 shares in the last quarter. State Street Corp lifted its position in 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 valued at $55,127,000 after buying an additional 863,089 shares in the last quarter. Copeland Capital Management LLC increased its holdings in UMH Properties by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock valued at $54,311,000 after purchasing an additional 8,946 shares in the last quarter. Geode Capital Management LLC increased its holdings in UMH Properties by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock valued at $33,520,000 after purchasing an additional 59,705 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in UMH Properties by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock valued at $15,456,000 after purchasing an additional 22,844 shares during the period. 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.