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

UMH Properties, Inc. (NYSE:UMH) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $21.25.

A number of research firms have weighed in on UMH. B. Riley raised their price target on UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Wedbush increased their price target on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Finally, Alliance Global Partners began coverage on UMH Properties in a research report on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target on the stock.

UMH Properties Stock Down 0.3 %

Shares of UMH Properties stock opened at $18.73 on Thursday. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77. UMH Properties has a 1 year low of $13.48 and a 1 year high of $20.64. The business has a 50-day moving average of $19.39 and a two-hundred day moving average of $17.20. The company has a market capitalization of $1.47 billion, a P/E ratio of -267.53, a price-to-earnings-growth ratio of 3.35 and a beta of 1.30.

UMH Properties (NYSE:UMH) last released its quarterly 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). UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. The firm had revenue of $60.33 million for the quarter, compared to analyst estimates of $59.84 million. During the same period last year, the company earned $0.21 EPS. As a group, equities analysts predict that UMH Properties will post 0.93 EPS for the current year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio is -1,228.40%.

Insiders Place Their Bets

In other UMH Properties 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 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.63% of the company’s stock.

Institutional Investors Weigh In On UMH Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after acquiring an additional 629,427 shares during the last quarter. Kennedy Capital Management LLC increased its holdings in UMH Properties by 245.9% during the 1st quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock worth $10,789,000 after acquiring an additional 472,307 shares during the period. Marshall Wace LLP bought a new stake in UMH Properties during the 2nd quarter worth approximately $2,300,000. AQR Capital Management LLC grew its position in UMH Properties by 268.8% during the second quarter. AQR Capital Management LLC now owns 127,087 shares of the real estate investment trust’s stock worth $2,032,000 after buying an additional 92,625 shares in the last quarter. Finally, North Star Investment Management Corp. raised its stake in UMH Properties by 59.9% in the first quarter. North Star Investment Management Corp. now owns 176,186 shares of the real estate investment trust’s stock valued at $2,861,000 after purchasing an additional 66,000 shares in the last quarter. 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.