Brokerages Set UMH Properties, Inc. (NYSE:UMH) Target Price at $21.25

UMH Properties, Inc. (NYSE:UMH) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $21.25.

A number of equities analysts recently issued reports on the stock. B. Riley raised their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the stock a “buy” rating in a report on Thursday, August 15th. Wedbush lifted their price target on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a research note on Thursday, August 8th. Alliance Global Partners began coverage on UMH Properties in a report on Thursday, July 18th. They issued a “buy” rating and a $21.00 target price on the stock. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, William Blair reaffirmed a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th.

UMH Properties Price Performance

NYSE UMH opened at $19.36 on Wednesday. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of -129.06, a PEG ratio of 3.49 and a beta of 1.29. UMH Properties has a 1-year low of $13.26 and a 1-year high of $19.79. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77. The business’s fifty day moving average price is $17.58 and its 200-day moving average price is $16.23.

UMH Properties (NYSE:UMH) last posted its earnings results 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 firm had revenue of $60.33 million during the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same period in the prior year, the company posted $0.21 EPS. On average, equities analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be given a $0.215 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.44%. UMH Properties’s payout ratio is -573.30%.

Insider Buying and Selling

In related news, Director Kiernan Conway sold 2,700 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the transaction, the director now directly owns 412 shares of the company’s stock, valued at approximately $8,050.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total transaction of $52,758.00. Following the completion of the transaction, the director now directly owns 412 shares of the company’s stock, valued at $8,050.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael P. Landy purchased 4,700 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the purchase, the director now owns 341,796 shares in the company, valued at $5,280,748.20. The disclosure for this purchase can be found here. 8.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On UMH Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in shares of UMH Properties by 2.4% during the 1st quarter. State of Alaska Department of Revenue now owns 28,798 shares of the real estate investment trust’s stock worth $467,000 after acquiring an additional 668 shares in the last quarter. Strs Ohio lifted its position in UMH Properties by 6.1% during the fourth quarter. Strs Ohio now owns 12,200 shares of the real estate investment trust’s stock valued at $186,000 after purchasing an additional 700 shares during the last quarter. Diversified Trust Co lifted its position in UMH Properties by 7.2% during the second quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust’s stock valued at $243,000 after purchasing an additional 1,024 shares during the last quarter. Bard Associates Inc. grew its stake in shares of UMH Properties by 2.2% in the 4th quarter. Bard Associates Inc. now owns 49,835 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 1,060 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC increased its holdings in shares of UMH Properties by 7.5% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 15,615 shares of the real estate investment trust’s stock worth $254,000 after buying an additional 1,090 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.