Analysts Set UMH Properties, Inc. (NYSE:UMH) Price Target at $21.25

UMH Properties, Inc. (NYSE:UMH) has earned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, Marketbeat Ratings 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 target price among brokerages that have issued a report on the stock in the last year is $21.25.

Separately, StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th.

Insider Activity at UMH Properties

In related news, Director Angela D. Pruitt sold 2,800 shares of the company’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 transaction of $53,928.00. Following the sale, the director now directly owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. This represents a 25.94 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total transaction of $977,500.00. Following the sale, the chief executive officer now owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On UMH Properties

Hedge funds have recently made changes to their positions in the business. Maryland Capital Advisors Inc. acquired a new position in UMH Properties in the third quarter worth approximately $26,000. Loomis Sayles & Co. L P grew its holdings in shares of UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 2,346 shares in the last quarter. US Bancorp DE increased its stake in UMH Properties by 261.1% in the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock valued at $49,000 after buying an additional 1,791 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of UMH Properties by 36.8% during 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 in the last quarter. Finally, Quarry LP boosted its holdings in UMH Properties by 904.5% in the third quarter. Quarry LP now owns 3,797 shares of the real estate investment trust’s stock worth $75,000 after purchasing an additional 3,419 shares in the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Down 0.1 %

Shares of NYSE UMH opened at $18.94 on Tuesday. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 145.70, a price-to-earnings-growth ratio of 3.47 and a beta of 1.29. 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 firm has a 50-day moving average price of $19.13 and a 200 day moving average price of $18.48. UMH Properties has a 52 week low of $14.09 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS 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 firm had revenue of $60.67 million during the quarter, compared to analysts’ expectations of $61.57 million. During the same period in the previous year, the firm posted $0.22 earnings per share. Equities research analysts anticipate that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Friday, November 15th were paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.54%. The ex-dividend date was Friday, November 15th. UMH Properties’s dividend payout ratio is presently 661.54%.

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.