Brokerages Set UMH Properties, Inc. (NYSE:UMH) Target Price at $21.25

Shares of UMH Properties, Inc. (NYSE:UMH) have earned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat Ratings reports. Two 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 updated their coverage on the stock in the last year is $21.25.

UMH has been the subject of several research reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 13th. Wedbush lifted their price target on shares of UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. B. Riley lifted their price target on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. Finally, Alliance Global Partners started coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a “buy” rating and a $21.00 target price for the company.

UMH Properties Price Performance

UMH opened at $19.07 on Thursday. The company has a 50-day moving average of $19.39 and a 200-day moving average of $17.24. The company has a market capitalization of $1.50 billion, a P/E ratio of -272.39, a PEG ratio of 3.37 and a beta of 1.30. UMH Properties has a 1-year low of $13.48 and a 1-year high of $20.64. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.77 and a current ratio of 6.77.

UMH Properties (NYSE:UMH) last posted its quarterly 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). 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 during the quarter, compared to analyst estimates of $59.84 million. During the same period last year, the firm posted $0.21 earnings per share. Equities analysts expect that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.51%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s payout ratio is -1,228.40%.

Insider Transactions at UMH Properties

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the sale, the director now directly owns 412 shares of the company’s stock, valued at approximately $8,050.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UMH. Vanguard Group Inc. grew its holdings in shares of UMH Properties by 10.6% in the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after acquiring an additional 629,427 shares during the last quarter. American Century Companies Inc. raised its holdings in UMH Properties by 1.0% during the 2nd quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock worth $46,869,000 after buying an additional 29,320 shares during the period. Jennison Associates LLC raised its holdings in UMH Properties by 0.4% during the 1st quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock worth $21,203,000 after buying an additional 5,015 shares during the period. Dimensional Fund Advisors LP lifted its stake in UMH Properties by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock valued at $15,456,000 after buying an additional 22,844 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of UMH Properties by 5.7% in the second quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock worth $13,938,000 after buying an additional 47,256 shares during the period. Institutional investors own 75.40% of the company’s stock.

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.