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

Shares of UMH Properties, Inc. (NYSE:UMH - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $21.25.

Separately, StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Saturday, November 16th.

Insider Activity at UMH Properties

In other news, Director Angela D. Pruitt sold 2,800 shares of the firm's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the completion of the sale, the director now owns 7,993 shares of the company's stock, valued at approximately $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Samuel A. Landy sold 50,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was 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 in the company, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 53,845 shares of company stock valued at $1,051,210 in the last 90 days. 8.63% of the stock is owned by corporate insiders.

Institutional Trading of UMH Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Maryland Capital Advisors Inc. acquired a new stake in shares of UMH Properties in the third quarter valued at approximately $26,000. Loomis Sayles & Co. L P boosted its position in 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 valued at $48,000 after buying an additional 2,346 shares during the last quarter. US Bancorp DE increased its stake in shares of UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust's stock valued at $49,000 after buying an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of UMH Properties by 36.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust's stock valued at $50,000 after buying an additional 698 shares during the period. Finally, Quarry LP raised its position in shares of UMH Properties by 904.5% during the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 3,419 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Stock Performance

Shares of NYSE:UMH traded up $0.04 during midday trading on Tuesday, hitting $18.96. The company's stock had a trading volume of 200,524 shares, compared to its average volume of 427,760. UMH Properties has a fifty-two week low of $14.09 and a fifty-two week high of $20.64. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 145.86, a PEG ratio of 3.47 and a beta of 1.29. The stock's 50 day simple moving average is $19.13 and its 200 day simple moving average is $18.47.

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

UMH Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Friday, November 15th were given a dividend of $0.215 per share. The ex-dividend date was Friday, November 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.54%. UMH Properties's dividend payout ratio (DPR) is presently 661.54%.

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.