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

UMH Properties, Inc. (NYSE:UMH) has received an average rating of “Moderate Buy” from the five research firms that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $21.25.

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

UMH Properties Stock Performance

Shares of UMH stock opened at $19.90 on Friday. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of -132.19, a PEG ratio of 3.63 and a beta of 1.30. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.77 and a current ratio of 6.77. The company has a 50-day simple moving average of $18.79 and a 200 day simple moving average of $16.79. UMH Properties has a 52 week low of $13.26 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.21). The company had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. During the same period in the previous year, the firm posted $0.21 EPS. On average, sell-side analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 16th. Shareholders of record on Thursday, August 15th were given a dividend of $0.215 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a yield of 4.32%. UMH Properties’s dividend payout ratio is presently -573.30%.

Insiders Place Their Bets

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the 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 transaction, the director now owns 412 shares in the company, valued at $8,050.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.63% of the company’s stock.

Institutional Investors Weigh In On UMH Properties

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in UMH Properties by 2.4% in the first quarter. State of Alaska Department of Revenue now owns 28,798 shares of the real estate investment trust’s stock valued at $467,000 after purchasing an additional 668 shares in the last quarter. Diversified Trust Co raised its stake in shares of UMH Properties by 7.2% during the second quarter. Diversified Trust Co now owns 15,212 shares of the real estate investment trust’s stock worth $243,000 after acquiring an additional 1,024 shares in the last quarter. Bard Associates Inc. raised its stake in shares of UMH Properties by 2.2% during the fourth quarter. Bard Associates Inc. now owns 49,835 shares of the real estate investment trust’s stock worth $763,000 after acquiring an additional 1,060 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of UMH Properties by 7.5% during the first quarter. Wealthcare Advisory Partners LLC now owns 15,615 shares of the real estate investment trust’s stock worth $254,000 after acquiring an additional 1,090 shares in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of UMH Properties by 6.4% during the second quarter. Arizona State Retirement System now owns 18,445 shares of the real estate investment trust’s stock worth $295,000 after acquiring an additional 1,111 shares in the last quarter. 75.40% of the stock is owned by hedge funds and other 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.