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

UMH Properties, Inc. (NYSE:UMH - Get Free Report) has received a consensus rating of "Moderate Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.25.

Several analysts have weighed in on UMH shares. StockNews.com upgraded UMH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th. Wedbush reiterated a "neutral" rating and set a $20.00 price target on shares of UMH Properties in a research note on Monday, January 13th.

Insider Transactions at UMH Properties

In other news, CEO Samuel A. Landy sold 50,000 shares of the company's stock in a transaction dated 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 $21,599,348.30. This represents a 4.33 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Angela D. Pruitt sold 2,800 shares of the company's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, the director now owns 7,993 shares in the company, valued at $153,945.18. The trade was a 25.94 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 53,845 shares of company stock worth $1,051,210 over the last quarter. 8.63% of the stock is currently owned by insiders.

Hedge Funds Weigh In On UMH Properties

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue raised its holdings in UMH Properties by 2.2% in the 3rd quarter. State of Alaska Department of Revenue now owns 31,304 shares of the real estate investment trust's stock worth $614,000 after purchasing an additional 663 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in 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 worth $50,000 after purchasing an additional 698 shares during the period. Centiva Capital LP raised its holdings in UMH Properties by 4.0% in the 3rd quarter. Centiva Capital LP now owns 31,428 shares of the real estate investment trust's stock worth $618,000 after purchasing an additional 1,195 shares during the period. Maryland Capital Advisors Inc. acquired a new position in UMH Properties in the 3rd quarter worth about $26,000. Finally, The Manufacturers Life Insurance Company raised its holdings in UMH Properties by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 45,929 shares of the real estate investment trust's stock worth $734,000 after purchasing an additional 1,737 shares during the period. Institutional investors and hedge funds own 75.40% of the company's stock.

UMH Properties Stock Up 0.2 %

UMH stock traded up $0.04 on Friday, hitting $18.26. 355,726 shares of the company's stock were exchanged, compared to its average volume of 445,501. UMH Properties has a 12-month low of $14.09 and a 12-month high of $20.64. The firm has a 50 day moving average price of $18.98 and a two-hundred day moving average price of $18.81. 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 cap of $1.44 billion, a P/E ratio of 140.48, a price-to-earnings-growth ratio of 2.92 and a beta of 1.29.

UMH Properties (NYSE:UMH - Get Free Report) last announced 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). 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 analysts' expectations of $61.57 million. During the same quarter last year, the firm earned $0.22 earnings per share. As a group, equities research analysts expect that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be paid a $0.215 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.71%. UMH Properties's payout ratio is 661.59%.

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.