UMH Properties, Inc. (NYSE:UMH) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

UMH Properties, Inc. (NYSE:UMH - Get Free Report) has been given a consensus recommendation of "Moderate Buy" by the five research firms that are covering the firm, Marketbeat 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 12 month price target among brokers that have updated their coverage on the stock in the last year is $21.25.

UMH has been the topic of several recent analyst reports. Wedbush upped their price objective on shares of UMH Properties from $17.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, August 8th. William Blair restated a "neutral" rating on shares of UMH Properties in a research report on Monday, May 13th. StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a research report on Tuesday, August 13th. Alliance Global Partners started coverage on UMH Properties in a research report on Thursday, July 18th. They issued a "buy" rating and a $21.00 price objective on the stock. Finally, B. Riley upped 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.

Insider Transactions at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Samuel A. Landy sold 25,000 shares of the firm's stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the sale, the chief executive officer now owns 1,149,565 shares of the company's stock, valued at approximately $17,254,970.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kiernan Conway sold 2,700 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the sale, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. The disclosure for this sale can be found here. Corporate insiders own 8.63% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. EntryPoint Capital LLC increased its position in 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 buying an additional 1,806 shares during the period. SRS Capital Advisors Inc. boosted its stake in shares of UMH Properties by 382.8% in the fourth quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 1,711 shares in the last quarter. Ridgewood Investments LLC purchased a new stake in shares of UMH Properties in the second quarter valued at approximately $71,000. Quadrant Capital Group LLC boosted its stake in shares of UMH Properties by 52.7% in the fourth quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust's stock valued at $82,000 after buying an additional 1,856 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its stake in shares of UMH Properties by 1,440.7% in the fourth quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust's stock valued at $121,000 after buying an additional 7,391 shares in the last quarter. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Stock Up 0.4 %

NYSE:UMH traded up $0.08 during mid-day trading on Wednesday, reaching $19.22. The company's stock had a trading volume of 337,747 shares, compared to its average volume of 398,547. UMH Properties has a 1 year low of $13.26 and a 1 year high of $19.70. The stock has a fifty day moving average of $17.18 and a 200-day moving average of $16.06. The firm has a market capitalization of $1.41 billion, a PE ratio of -128.12, a price-to-earnings-growth ratio of 3.53 and a beta of 1.29. 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 - 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 business had revenue of $60.33 million during the quarter, compared to analysts' expectations 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 last year, the company earned $0.21 earnings per share. Equities research analysts forecast that UMH Properties will post 0.92 earnings per share for the current year.

UMH Properties Announces Dividend

The company also recently announced 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. The ex-dividend date is Thursday, August 15th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.47%. UMH Properties's payout ratio is currently -573.30%.

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.