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

Shares of UMH Properties, Inc. (NYSE:UMH) have earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $19.50.

UMH has been the topic of several recent research reports. William Blair reaffirmed a “neutral” rating on shares of UMH Properties in a report on Monday, May 13th. StockNews.com raised UMH Properties from a “sell” rating to a “hold” rating in a report on Wednesday, July 17th. Wedbush reissued a “neutral” rating and issued a $17.00 price target on shares of UMH Properties in a report on Monday, May 13th. Alliance Global Partners began coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a “buy” rating and a $21.00 price objective on the stock. Finally, B. Riley reiterated a “buy” rating and issued a $18.50 target price on shares of UMH Properties in a research note on Thursday, May 30th.

Insider Buying and Selling

In related news, Director Michael P. Landy acquired 4,700 shares of the firm’s stock in a transaction on Tuesday, June 18th. The shares were acquired at an average cost of $15.45 per share, with a total value of $72,615.00. Following the completion of the acquisition, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Samuel A. Landy sold 25,000 shares of the business’s 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael P. Landy acquired 4,700 shares of the firm’s stock in a transaction on Tuesday, June 18th. The stock was purchased at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the acquisition, the director now directly owns 341,796 shares in the company, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. 8.63% of the stock is owned by insiders.

Institutional Investors Weigh In On UMH Properties

A number of large investors have recently modified their holdings of the business. SRS Capital Advisors Inc. boosted its position in UMH Properties by 382.8% during the fourth quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 1,711 shares during the last quarter. EntryPoint Capital LLC raised its holdings in UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 1,806 shares during the last quarter. Ridgewood Investments LLC purchased a new position in UMH Properties in the 2nd quarter worth approximately $71,000. Quadrant Capital Group LLC boosted its holdings in shares of UMH Properties by 52.7% during the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 1,856 shares during the last quarter. Finally, International Assets Investment Management LLC grew its position in shares of UMH Properties by 1,440.7% in the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 7,391 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Performance

Shares of NYSE UMH opened at $17.76 on Friday. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -118.39, a PEG ratio of 3.22 and a beta of 1.29. UMH Properties has a 12 month low of $13.26 and a 12 month high of $18.04. The company has a 50 day simple moving average of $16.08 and a two-hundred day simple moving average of $15.70. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.215 per share. The ex-dividend date is Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.84%. UMH Properties’s dividend payout ratio (DPR) is -573.30%.

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.