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

UMH Properties, Inc. (NYSE:UMH) has been given an average rating of “Moderate Buy” by the five research firms that are covering the firm, Marketbeat.com reports. Two 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.

Several analysts have recently weighed in on the stock. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th. Wedbush reissued a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of UMH. State of Alaska Department of Revenue lifted its stake in shares of UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust’s stock worth $614,000 after acquiring an additional 663 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 698 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of UMH Properties by 2.0% during the 4th quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust’s stock worth $883,000 after buying an additional 918 shares in the last quarter. Centiva Capital LP lifted its holdings in shares of UMH Properties by 4.0% in the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust’s stock valued at $618,000 after buying an additional 1,195 shares during the period. Finally, Corebridge Financial Inc. boosted its stake in shares of UMH Properties by 3.7% in the fourth quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust’s stock valued at $679,000 after buying an additional 1,286 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Stock Down 2.8 %

Shares of NYSE UMH opened at $17.52 on Wednesday. UMH Properties has a 1 year low of $14.09 and a 1 year high of $20.64. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 134.77, a price-to-earnings-growth ratio of 3.02 and a beta of 1.28. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The business has a 50-day moving average of $18.42 and a two-hundred day moving average of $18.96.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.54%.

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.