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

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

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

UMH Properties Stock Performance

NYSE UMH opened at $19.74 on Friday. The company has a market cap of $1.39 billion, a P/E ratio of -131.60, a PEG ratio of 3.63 and a beta of 1.30. The company has a fifty day simple moving average of $18.91 and a 200 day simple moving average of $16.84. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 1.49. UMH Properties has a 12-month low of $13.26 and a 12-month high of $20.64.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. The business had revenue of $60.33 million for the quarter, compared to analyst estimates of $59.84 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. Sell-side analysts predict that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were given a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend was Thursday, August 15th. UMH Properties’s dividend payout ratio is presently -573.33%.

Insider Buying and Selling

In related news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction dated 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 sale, the director now owns 412 shares in the company, valued at $8,050.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 8.63% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. EntryPoint Capital LLC lifted its stake in UMH Properties by 843.9% in the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,806 shares during the last quarter. Ridgewood Investments LLC bought a new position in shares of UMH Properties during the 2nd quarter worth $71,000. Quadrant Capital Group LLC increased its holdings in UMH Properties by 52.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock worth $82,000 after acquiring an additional 1,856 shares during the last quarter. Quest Partners LLC raised its stake in UMH Properties by 337.7% in the 2nd quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $169,000 after acquiring an additional 8,141 shares during the period. Finally, ProShare Advisors LLC purchased a new stake in UMH Properties during the first quarter valued at about $178,000. 75.40% of the stock is owned by institutional investors.

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.