UMH Properties, Inc. (NYSE:UMH) Given Consensus Rating of “Moderate Buy” by Analysts

UMH Properties, Inc. (NYSE:UMH) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $21.25.

Several research firms have weighed in on UMH. B. Riley upped their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research note on Thursday, August 15th. Alliance Global Partners started coverage on shares of UMH Properties in a report on Thursday, July 18th. They set a “buy” rating and a $21.00 price target on the stock. Wedbush increased their price objective on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Finally, StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 13th.

Insider Buying and Selling

In other UMH Properties news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the transaction, the director now directly owns 412 shares in the company, valued at $8,050.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 8.63% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in UMH Properties by 10.6% during the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after purchasing an additional 629,427 shares during the period. American Century Companies Inc. grew its holdings in UMH Properties by 1.0% during the second 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 during the last quarter. Jennison Associates LLC grew its holdings in UMH Properties by 0.4% during the first quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock valued at $21,203,000 after purchasing an additional 5,015 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in UMH Properties by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock valued at $15,456,000 after purchasing an additional 22,844 shares during the last quarter. Finally, D.A. Davidson & CO. grew its holdings in UMH Properties by 5.7% during the second quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock valued at $13,938,000 after purchasing an additional 47,256 shares during the last quarter. 75.40% of the stock is owned by institutional investors.

UMH Properties Stock Performance

Shares of UMH stock opened at $19.07 on Thursday. The company has a market capitalization of $1.50 billion, a price-to-earnings ratio of -272.39, a P/E/G ratio of 3.37 and a beta of 1.30. UMH Properties has a 1-year low of $13.48 and a 1-year high of $20.64. The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 1.49. The stock’s fifty day simple moving average is $19.39 and its 200-day simple moving average is $17.24.

UMH Properties (NYSE:UMH) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.21). The business had revenue of $60.33 million for the quarter, compared to analysts’ expectations of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same period last year, the firm earned $0.21 EPS. On average, sell-side analysts predict that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Friday, November 15th will be paid a $0.215 dividend. This represents a $0.86 annualized dividend and a dividend yield of 4.51%. The ex-dividend date of this dividend is Friday, November 15th. UMH Properties’s payout ratio is presently -1,228.40%.

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.