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

Shares of UMH Properties, Inc. (NYSE:UMH) have been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com 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 objective among analysts that have issued a report on the stock in the last year is $21.25.

Several research firms recently issued reports on UMH. StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Tuesday, February 25th. Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th.

Hedge Funds Weigh In On UMH Properties

Institutional investors have recently made changes to their positions in the stock. GF Fund Management CO. LTD. acquired a new position in shares of UMH Properties during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC raised its holdings in shares of UMH Properties by 1,011.1% during the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,456 shares during the period. Sterling Capital Management LLC raised its holdings in shares of UMH Properties by 861.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,748 shares during the period. Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties in the 4th quarter worth about $38,000. Finally, Loomis Sayles & Co. L P raised its holdings in shares of UMH Properties by 2,760.0% in 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 acquiring an additional 2,346 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Price Performance

Shares of NYSE:UMH opened at $18.03 on Friday. The firm has a market cap of $1.49 billion, a PE ratio of 138.68, a price-to-earnings-growth ratio of 2.93 and a beta of 1.29. The firm’s fifty day moving average is $18.13 and its 200-day moving average is $18.84. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties has a 52 week low of $14.73 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last announced its earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.21. The business had revenue of ($126.74) million during the quarter, compared to the consensus estimate of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. Sell-side analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.77%. UMH Properties’s dividend payout ratio is currently 2,866.67%.

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.