UMH Properties, Inc. (NYSE:UMH) Receives $21.25 Average Target Price from Analysts

Shares of UMH Properties, Inc. (NYSE:UMH) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $21.25.

A number of equities research analysts have recently commented on the stock. 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. Wedbush increased their price target on UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. Finally, Alliance Global Partners began coverage on shares of UMH Properties in a research note on Thursday, July 18th. They issued a “buy” rating and a $21.00 price target for the company.

UMH Properties Stock Performance

Shares of UMH stock opened at $18.79 on Thursday. The business’s 50-day moving average price is $19.38 and its 200-day moving average price is $17.18. UMH Properties has a 12 month low of $13.48 and a 12 month 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 firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of -268.39, a PEG ratio of 3.35 and a beta of 1.30.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The company had revenue of $60.33 million during the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same quarter last year, the firm posted $0.21 EPS. Equities research analysts forecast that UMH Properties will post 0.93 EPS for the current year.

UMH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Friday, November 15th will be paid a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is -1,228.40%.

Insider Activity

In related news, Director Kiernan Conway sold 2,700 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $19.54, for a total value of $52,758.00. Following the transaction, the director now owns 412 shares of the company’s stock, valued at approximately $8,050.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in UMH. EntryPoint Capital LLC lifted its position in shares of UMH Properties by 843.9% during the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,806 shares in the last quarter. Ridgewood Investments LLC purchased a new position in UMH Properties in the second quarter worth $71,000. Quest Partners LLC grew its stake in UMH Properties by 337.7% in the 2nd quarter. Quest Partners LLC now owns 10,552 shares of the real estate investment trust’s stock valued at $169,000 after purchasing an additional 8,141 shares during the period. ProShare Advisors LLC purchased a new stake in shares of UMH Properties during the 1st quarter valued at $178,000. Finally, Custom Index Systems LLC bought a new stake in shares of UMH Properties during the 2nd quarter worth $230,000. 75.40% of the stock is owned by institutional investors.

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.