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

Shares of UMH Properties, Inc. (NYSE:UMH) have earned a consensus recommendation of “Moderate Buy” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $21.25.

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

UMH Properties Price Performance

Shares of NYSE:UMH opened at $19.80 on Friday. The business has a 50 day moving average price of $18.65 and a 200 day moving average price of $16.74. UMH Properties has a twelve month low of $13.26 and a twelve month high of $20.64. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -131.93, a PEG ratio of 3.60 and a beta of 1.30. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49.

UMH Properties (NYSE:UMH) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share 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 for the quarter, compared to the consensus estimate of $59.84 million. During the same quarter in the previous year, the company earned $0.21 EPS. Research analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 16th. Stockholders of record on Thursday, August 15th were issued a $0.215 dividend. The ex-dividend date was Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.34%. UMH Properties’s payout ratio is presently -573.33%.

Insider Transactions at UMH Properties

In other news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the transaction, the director now directly owns 412 shares of the company’s stock, valued at approximately $8,050.48. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMH Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of UMH. EntryPoint Capital LLC increased its holdings in UMH Properties by 843.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,806 shares in the last quarter. Ridgewood Investments LLC acquired a new stake in UMH Properties during the 2nd quarter valued at $71,000. Quadrant Capital Group LLC increased its holdings in 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 valued at $82,000 after purchasing an additional 1,856 shares in the last quarter. Quest Partners LLC boosted its position in UMH Properties by 337.7% in the 2nd quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $169,000 after buying an additional 8,141 shares during the last quarter. Finally, ProShare Advisors LLC bought a new position in UMH Properties in the 1st quarter valued at $178,000. 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.