UMH Properties, Inc. (NYSE:UMH) Receives $21.25 Consensus Price Target from Brokerages

UMH Properties, Inc. (NYSE:UMH) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.25.

UMH has been the topic of several analyst reports. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Wedbush reiterated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th.

UMH Properties Trading Down 3.1 %

NYSE:UMH opened at $17.98 on Friday. The stock’s 50 day moving average price is $18.90 and its 200 day moving average price is $18.86. The company has a market capitalization of $1.42 billion, a PE ratio of 138.32, a P/E/G ratio of 3.04 and a beta of 1.29. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties has a 52-week low of $14.09 and a 52-week high of $20.64.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). The firm had revenue of $60.67 million for the quarter, compared to analysts’ expectations of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same quarter in the prior year, the business earned $0.22 EPS. On average, research analysts anticipate that UMH Properties will post 0.93 EPS for the current year.

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 $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.78%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Insider Activity at UMH Properties

In related news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the sale, the director now directly owns 7,993 shares in the company, valued at $153,945.18. The trade was a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the transaction, the chief executive officer now directly owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,845 shares of company stock worth $1,051,210 over the last three months. 8.63% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On UMH Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vert Asset Management LLC raised its holdings in UMH Properties by 22.2% during the fourth quarter. Vert Asset Management LLC now owns 31,268 shares of the real estate investment trust’s stock worth $590,000 after purchasing an additional 5,670 shares during the last quarter. Hunter Perkins Capital Management LLC raised its holdings in UMH Properties by 3.9% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 87,620 shares of the real estate investment trust’s stock worth $1,654,000 after purchasing an additional 3,325 shares during the last quarter. SG Americas Securities LLC raised its holdings in UMH Properties by 43.5% during the fourth quarter. SG Americas Securities LLC now owns 36,228 shares of the real estate investment trust’s stock worth $684,000 after purchasing an additional 10,984 shares during the last quarter. Ulland Investment Advisors LLC raised its holdings in UMH Properties by 291.5% during the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after purchasing an additional 2,915 shares during the last quarter. Finally, Diversified Trust Co raised its holdings in UMH Properties by 12.6% during the fourth quarter. Diversified Trust Co now owns 17,436 shares of the real estate investment trust’s stock worth $329,000 after purchasing an additional 1,957 shares during the last quarter. 75.40% of the stock is owned by institutional investors and hedge funds.

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.