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

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

Separately, StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Saturday, November 16th.

Insiders Place Their Bets

In related news, Director Angela D. Pruitt sold 2,800 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the transaction, the director now owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of the 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 in the company, valued at approximately $21,599,348.30. This represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,845 shares of company stock worth $1,051,210. Corporate insiders own 8.63% of the company’s stock.

Hedge Funds Weigh In On UMH Properties

Institutional investors have recently added to or reduced their stakes in the business. Maryland Capital Advisors Inc. acquired a new position in shares of UMH Properties in the 3rd quarter valued at $26,000. Loomis Sayles & Co. L P grew its stake in shares of UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after acquiring an additional 2,346 shares in the last quarter. US Bancorp DE raised its position in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in UMH Properties by 36.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 698 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in UMH Properties during the second quarter valued at approximately $71,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Stock Down 1.1 %

Shares of NYSE UMH opened at $18.74 on Tuesday. The stock has a market cap of $1.48 billion, a P/E ratio of 144.16, a PEG ratio of 3.47 and a beta of 1.29. The business’s fifty day simple moving average is $19.13 and its 200-day simple moving average is $18.52. UMH Properties has a 12-month low of $14.09 and a 12-month high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 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 analyst estimates 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 previous year, the firm posted $0.22 EPS. As a group, equities analysts predict that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Friday, November 15th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.59%. The ex-dividend date was Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is 661.54%.

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.