UMH Properties (NYSE:UMH) Upgraded by StockNews.com to "Hold" Rating

StockNews.com upgraded shares of UMH Properties (NYSE:UMH - Free Report) from a sell rating to a hold rating in a research note issued to investors on Tuesday morning.

Separately, Wedbush reissued a "neutral" rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, UMH Properties presently has an average rating of "Hold" and an average target price of $21.17.

UMH Properties Stock Performance

Shares of UMH stock traded down $0.06 during trading hours on Tuesday, reaching $17.41. 284,505 shares of the company's stock were exchanged, compared to its average volume of 429,710. UMH Properties has a 1 year low of $14.73 and a 1 year high of $20.64. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. The company's 50 day moving average is $17.90 and its two-hundred day moving average is $18.46. The company has a market cap of $1.44 billion, a P/E ratio of 133.93, a price-to-earnings-growth ratio of 2.93 and a beta of 1.17.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.21. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. The business had revenue of ($126.74) million during the quarter, compared to analysts' expectations of $59.73 million. Equities research analysts anticipate that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Thursday, May 15th will be paid a dividend of $0.225 per share. This is a boost from UMH Properties's previous quarterly dividend of $0.22. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties's payout ratio is currently 3,000.00%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Capital Research Global Investors lifted its position in shares of UMH Properties by 124.5% in the fourth quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust's stock worth $76,121,000 after purchasing an additional 2,236,080 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of UMH Properties during the 4th quarter worth approximately $23,396,000. Vanguard Group Inc. raised its stake in shares of UMH Properties by 11.9% in the 4th quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust's stock valued at $141,722,000 after buying an additional 799,798 shares in the last quarter. APG Asset Management US Inc. acquired a new stake in UMH Properties during the fourth quarter valued at approximately $9,121,000. Finally, BROOKFIELD Corp ON boosted its stake in shares of UMH Properties by 202.7% in the 4th quarter. BROOKFIELD Corp ON now owns 666,534 shares of the real estate investment trust's stock valued at $12,584,000 after purchasing an additional 446,371 shares in the last quarter. Institutional investors own 75.40% of the company's stock.

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.