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

Shares of UMH Properties, Inc. (NYSE:UMH - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five research firms that are presently covering the firm, Marketbeat reports. Two investment 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 brokers that have updated their coverage on the stock in the last year is $21.25.

A number of research firms have recently commented on UMH. Wedbush reissued a "neutral" rating and issued a $20.00 price target on shares of UMH Properties in a research report on Monday, January 13th. StockNews.com upgraded shares of UMH Properties from a "sell" rating to a "hold" rating in a research note on Saturday, November 16th.

UMH Properties Stock Performance

Shares of NYSE:UMH traded down $0.19 during trading on Wednesday, reaching $18.04. The stock had a trading volume of 170,448 shares, compared to its average volume of 306,118. UMH Properties has a 52 week low of $14.09 and a 52 week high of $20.64. The firm has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.79, a P/E/G ratio of 3.02 and a beta of 1.28. 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 stock has a fifty day simple moving average of $18.49 and a two-hundred day simple moving average of $18.96.

UMH Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be issued 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 4.77%. UMH Properties's dividend payout ratio is 661.59%.

Insider Activity at UMH Properties

In related news, Director Angela D. Pruitt sold 2,800 shares of the business's stock in a transaction that occurred on 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 transaction, the director now directly owns 7,993 shares in the company, valued at approximately $153,945.18. The trade was a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.63% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On UMH Properties

Several institutional investors and hedge funds have recently modified their holdings of UMH. Capital Research Global Investors boosted its position in UMH Properties by 124.5% during the 4th quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust's stock worth $76,121,000 after acquiring an additional 2,236,080 shares during the last quarter. Raymond James Financial Inc. acquired a new position in UMH Properties in the 4th quarter valued at $23,396,000. State Street Corp grew its holdings in UMH Properties by 44.5% in the 3rd 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. Vanguard Group Inc. grew its holdings in shares of UMH Properties by 11.9% during the 4th quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock worth $141,722,000 after purchasing an additional 799,798 shares in the last quarter. Finally, APG Asset Management US Inc. acquired a new stake in shares of UMH Properties during the 4th quarter worth $9,121,000. 75.40% of the stock is currently owned by institutional investors and hedge funds.

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.