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

UMH Properties, Inc. (NYSE:UMH - Get Free Report) has received an average recommendation of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $21.25.

A number of research analysts recently commented on UMH shares. Wedbush increased their target price on shares of UMH Properties from $17.00 to $20.00 and gave the company a "neutral" rating in a research report on Thursday, August 8th. StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a research report on Saturday, November 16th. Finally, B. Riley boosted their target price on UMH Properties from $18.50 to $22.50 and gave the company a "buy" rating in a report on Thursday, August 15th.

UMH Properties Stock Down 0.3 %

UMH Properties stock traded down $0.06 during midday trading on Friday, reaching $19.20. The company's stock had a trading volume of 261,071 shares, compared to its average volume of 406,436. The company has a market cap of $1.51 billion, a P/E ratio of 148.32, a P/E/G ratio of 3.45 and a beta of 1.30. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. The business has a 50-day simple moving average of $19.11 and a 200-day simple moving average of $17.94. UMH Properties has a fifty-two week low of $14.07 and a fifty-two week high of $20.64.

UMH Properties (NYSE:UMH - Get Free Report) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.13). The business had revenue of $60.67 million for the quarter, compared to analyst estimates of $61.57 million. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. During the same period last year, the business posted $0.22 EPS. On average, research analysts expect that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid 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 dividend yield of 4.48%. UMH Properties's dividend payout ratio (DPR) is 661.59%.

Insider Buying and Selling at UMH Properties

In other news, CEO Samuel A. Landy sold 50,000 shares of UMH Properties stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares of the company's stock, valued at $21,599,348.30. The trade was a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now directly owns 7,993 shares of the company's stock, valued at $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.63% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. American Century Companies Inc. increased its holdings in shares of UMH Properties by 1.0% in the 2nd quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust's stock valued at $46,869,000 after purchasing an additional 29,320 shares in the last quarter. State Street Corp increased its holdings in UMH Properties by 44.5% in the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust's stock valued at $55,127,000 after buying an additional 863,089 shares in the last quarter. Copeland Capital Management LLC increased its holdings in UMH Properties by 0.3% in the third quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust's stock valued at $54,311,000 after buying an additional 8,946 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of UMH Properties by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust's stock valued at $33,520,000 after acquiring an additional 59,705 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of UMH Properties by 2.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust's stock worth $15,456,000 after acquiring an additional 22,844 shares in the last quarter. Hedge funds and other institutional investors own 75.40% of the company's stock.

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.