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

UMH Properties, Inc. (NYSE:UMH - Get Free Report) has earned an average rating of "Moderate Buy" from the five brokerages that are covering the firm, Marketbeat.com 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 twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $21.25.

Several research analysts recently weighed in on UMH shares. Alliance Global Partners started coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a "buy" rating and a $21.00 price objective on the stock. B. Riley lifted their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the stock a "buy" rating in a research note on Thursday, August 15th. StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Tuesday, August 13th. Finally, Wedbush raised their target price on shares of UMH Properties from $17.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, August 8th.

Insider Activity

In other news, Director Kiernan Conway sold 2,700 shares of UMH Properties stock in a transaction that occurred on Thursday, August 15th. The shares were 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 $8,050.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.63% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On UMH Properties

Institutional investors have recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. acquired a new position in UMH Properties during the third quarter worth $26,000. EntryPoint Capital LLC boosted 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 purchasing an additional 1,806 shares during the period. US Bancorp DE boosted its position in UMH Properties by 261.1% during the third 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. boosted its position in UMH Properties by 36.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust's stock worth $50,000 after purchasing an additional 698 shares during the period. Finally, Ridgewood Investments LLC bought a new position in UMH Properties during the second quarter worth $71,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Trading Up 1.0 %

Shares of NYSE UMH traded up $0.19 during mid-day trading on Monday, hitting $18.40. The company's stock had a trading volume of 270,353 shares, compared to its average volume of 407,217. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of -262.86, a price-to-earnings-growth ratio of 3.35 and a beta of 1.30. The company has a debt-to-equity ratio of 1.49, a current ratio of 6.77 and a quick ratio of 6.77. UMH Properties has a one year low of $13.91 and a one year high of $20.64. The company's fifty day simple moving average is $19.28 and its 200-day simple moving average is $17.51.

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 the consensus estimate of $0.22 by ($0.21). UMH Properties had a return on equity of 3.17% and a net margin of 5.79%. The firm had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. During the same period in the previous year, the business earned $0.21 EPS. On average, sell-side analysts anticipate that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.86 annualized dividend and a yield of 4.67%. UMH Properties's dividend payout ratio (DPR) is currently -1,228.57%.

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.