UMH Properties (NYSE:UMH) Sets New 1-Year High at $19.71

UMH Properties, Inc. (NYSE:UMH - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $19.71 and last traded at $19.71, with a volume of 32812 shares. The stock had previously closed at $19.42.

Analyst Ratings Changes

UMH has been the topic of a number of research reports. B. Riley increased their target price on shares of UMH Properties from $18.50 to $22.50 and gave the stock a "buy" rating in a report on Thursday, August 15th. William Blair reiterated a "neutral" rating on shares of UMH Properties in a research note on Monday, May 13th. Alliance Global Partners began 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 on the stock. Wedbush lifted their price target on shares of UMH Properties from $17.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.25.

UMH Properties Stock Up 0.8 %

The firm has a 50-day moving average price of $17.34 and a two-hundred day moving average price of $16.11. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of -130.52, a price-to-earnings-growth ratio of 3.53 and a beta of 1.29. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.22 by ($0.21). The company had revenue of $60.33 million for the quarter, compared to analyst estimates of $59.84 million. UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. During the same period in the previous year, the business posted $0.21 EPS. On average, sell-side analysts forecast that UMH Properties, Inc. will post 0.92 earnings per share for the current year.

UMH Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a dividend yield of 4.39%. The ex-dividend date is Thursday, August 15th. UMH Properties's payout ratio is -573.30%.

Insider Transactions at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of the firm's stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the transaction, the director now owns 412 shares in the company, valued at approximately $8,050.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the firm's stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total transaction of $52,758.00. Following 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael P. Landy acquired 4,700 shares of the company's stock in a transaction on Tuesday, June 18th. The stock was acquired at an average price of $15.45 per share, for a total transaction of $72,615.00. Following the completion of the purchase, the director now owns 341,796 shares of the company's stock, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. Insiders own 8.63% of the company's stock.

Institutional Trading of UMH Properties

A number of hedge funds have recently added to or reduced their stakes in UMH. EntryPoint Capital LLC raised its stake in shares of UMH Properties by 843.9% during the first quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 1,806 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in UMH Properties by 382.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust's stock valued at $33,000 after purchasing an additional 1,711 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in UMH Properties in the 2nd quarter valued at approximately $71,000. Quadrant Capital Group LLC increased its position 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 worth $82,000 after purchasing an additional 1,856 shares during the period. Finally, International Assets Investment Management LLC raised its stake in shares of UMH Properties by 1,440.7% during the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust's stock worth $121,000 after buying an additional 7,391 shares in the last quarter. 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.