UMH Properties (NYSE:UMH) Raised to Hold at StockNews.com

StockNews.com upgraded shares of UMH Properties (NYSE:UMH) from a sell rating to a hold rating in a research report released on Wednesday.

Other equities research analysts also recently issued research reports about the company. B. Riley reissued a buy rating and issued a $18.50 price target on shares of UMH Properties in a report on Thursday, May 30th. Compass Point raised their price target on UMH Properties from $20.00 to $21.50 and gave the stock a buy rating in a report on Thursday, March 21st. William Blair reissued a neutral rating on shares of UMH Properties in a report on Monday, May 13th. Finally, Wedbush reaffirmed a neutral rating and set a $17.00 target price on shares of UMH Properties in a report on Monday, May 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $19.00.

UMH Properties Trading Down 0.1 %

Shares of NYSE UMH opened at $15.43 on Wednesday. The company has a debt-to-equity ratio of 1.59, a current ratio of 6.82 and a quick ratio of 6.82. The stock has a market capitalization of $1.09 billion, a P/E ratio of -102.73, a price-to-earnings-growth ratio of 2.79 and a beta of 1.24. UMH Properties has a 1-year low of $13.26 and a 1-year high of $16.85. The business has a fifty day moving average price of $15.53 and a 200 day moving average price of $15.34.

UMH Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Wednesday, May 15th will be issued a dividend of $0.215 per share. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.58%. UMH Properties’s payout ratio is -573.30%.

Insider Buying and Selling

In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction that occurred on 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 directly owns 1,149,565 shares in the company, valued at $17,254,970.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction that occurred on 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 directly owns 1,149,565 shares in the company, valued at $17,254,970.65. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Brett Taft sold 9,800 shares of UMH Properties stock in a transaction that occurred on Wednesday, April 3rd. The shares were 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 $1,544,049.59. The disclosure for this sale can be found here. Corporate insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its position in shares of 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 buying an additional 629,427 shares in the last quarter. American Century Companies Inc. increased its position in shares of UMH Properties by 29.5% in the third quarter. American Century Companies Inc. now owns 2,532,194 shares of the real estate investment trust’s stock valued at $35,501,000 after buying an additional 576,304 shares in the last quarter. Kennedy Capital Management LLC increased its position in shares of UMH Properties by 245.9% in the first quarter. Kennedy Capital Management LLC now owns 664,377 shares of the real estate investment trust’s stock valued at $10,789,000 after buying an additional 472,307 shares in the last quarter. Private Management Group Inc. increased its position in shares of UMH Properties by 27.1% in the fourth quarter. Private Management Group Inc. now owns 1,316,789 shares of the real estate investment trust’s stock valued at $20,173,000 after buying an additional 280,436 shares in the last quarter. Finally, Cerity Partners LLC purchased a new stake in shares of UMH Properties in the fourth quarter valued at approximately $2,930,000. 75.40% of the stock is currently owned by hedge funds and other 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.