UMH Properties, Inc. (NYSE:UMH) Receives Consensus Rating of “Hold” from Brokerages

Shares of UMH Properties, Inc. (NYSE:UMHGet Free Report) have received a consensus rating of “Hold” from the five research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.00.

UMH has been the subject of a number of recent analyst reports. Wedbush restated a “neutral” rating and issued a $17.00 price objective on shares of UMH Properties in a research report on Monday, May 13th. Compass Point upped their price objective on shares of UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a research report on Thursday, March 21st. William Blair restated a “neutral” rating on shares of UMH Properties in a research report on Monday, May 13th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, B. Riley restated a “buy” rating and issued a $18.50 price objective on shares of UMH Properties in a research report on Thursday, May 30th.

Read Our Latest Research Report on UMH

Insider Activity

In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the transaction, the chief executive officer now owns 1,149,565 shares in the company, valued at $17,254,970.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the transaction, the chief executive officer now owns 1,149,565 shares in the company, valued at $17,254,970.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Brett Taft sold 9,800 shares of UMH Properties stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $15.91, for a total value of $155,918.00. Following the transaction, the chief operating officer now owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The disclosure for this sale can be found here. 8.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UMH Properties

A number of institutional investors have recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of UMH Properties by 2.4% in 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 buying an additional 668 shares in the last quarter. Strs Ohio raised its position in shares of UMH Properties by 6.1% in the fourth quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock valued at $186,000 after buying an additional 700 shares in the last quarter. Arizona State Retirement System raised its position in shares of UMH Properties by 5.4% in the fourth quarter. Arizona State Retirement System now owns 17,334 shares of the real estate investment trust’s stock valued at $266,000 after buying an additional 894 shares in the last quarter. Bard Associates Inc. raised its position in shares of UMH Properties by 2.2% in the fourth quarter. Bard Associates Inc. now owns 49,835 shares of the real estate investment trust’s stock valued at $763,000 after buying an additional 1,060 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC raised its position in shares of UMH Properties by 7.5% in the first quarter. Wealthcare Advisory Partners LLC now owns 15,615 shares of the real estate investment trust’s stock valued at $254,000 after buying an additional 1,090 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Performance

Shares of UMH Properties stock opened at $15.44 on Friday. The firm has a fifty day moving average of $15.53 and a two-hundred day moving average of $15.34. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of -102.93, a PEG ratio of 2.77 and a beta of 1.24. UMH Properties has a 52 week low of $13.26 and a 52 week high of $16.85. The company has a debt-to-equity ratio of 1.59, a quick ratio of 6.82 and a current ratio of 6.82.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be issued a $0.215 dividend. This is a boost from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date is Tuesday, May 14th. This represents a $0.86 annualized dividend and a dividend yield of 5.57%. UMH Properties’s dividend payout ratio (DPR) is presently -573.30%.

UMH Properties Company Profile

(Get Free Report

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.

Featured Stories

Analyst Recommendations for UMH Properties (NYSE:UMH)

Receive News & Ratings for UMH Properties Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties and related companies with MarketBeat.com's FREE daily email newsletter.