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

Shares of UMH Properties, Inc. (NYSE:UMH) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $21.25.

UMH has been the subject of a number of analyst reports. Wedbush reaffirmed a “neutral” rating and issued a $20.00 price target on shares of UMH Properties in a report on Monday, January 13th. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th.

Insider Activity

In related news, CEO Samuel A. Landy sold 50,000 shares of the business’s stock in a transaction on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the completion of the transaction, the chief executive officer now owns 1,104,826 shares in the company, valued at $21,599,348.30. The trade was a 4.33 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, the director now owns 7,993 shares in the company, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,845 shares of company stock valued at $1,051,210. 8.63% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMH Properties

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Maryland Capital Advisors Inc. purchased a new position in shares of UMH Properties during the third quarter worth approximately $26,000. Loomis Sayles & Co. L P increased its holdings in UMH Properties by 2,760.0% during the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 2,346 shares during the period. US Bancorp DE increased its holdings in UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after purchasing an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position 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 valued at $50,000 after purchasing an additional 698 shares in the last quarter. Finally, Ulland Investment Advisors LLC lifted its holdings in shares of UMH Properties by 291.5% in the 4th quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock worth $74,000 after buying an additional 2,915 shares during the period. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Performance

NYSE:UMH opened at $18.26 on Friday. The company has a market cap of $1.44 billion, a price-to-earnings ratio of 140.48, a PEG ratio of 2.92 and a beta of 1.29. UMH Properties has a 1 year low of $14.09 and a 1 year high of $20.64. The stock’s 50 day simple moving average is $18.98 and its two-hundred day simple moving average is $18.80. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of $60.67 million for the quarter, compared to analysts’ expectations of $61.57 million. During the same period in the previous year, the company earned $0.22 EPS. As a group, equities analysts anticipate that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio (DPR) is currently 661.59%.

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.