Brokerages Set UMH Properties, Inc. (NYSE:UMH) PT at $21.25

UMH Properties, Inc. (NYSE:UMH) has received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $21.25.

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

Insider Buying and Selling

In other news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $19.54, for a total transaction of $52,758.00. Following the completion of the sale, the director now owns 412 shares in the company, valued at approximately $8,050.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.63% of the stock is currently owned by company insiders.

Institutional Trading of UMH Properties

A number of institutional investors have recently bought and sold shares of UMH. Vanguard Group Inc. lifted its position in UMH Properties by 10.6% during the 4th quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after acquiring an additional 629,427 shares during the period. American Century Companies Inc. lifted its holdings in shares of 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 worth $46,869,000 after purchasing an additional 29,320 shares during the period. Copeland Capital Management LLC boosted its position in UMH Properties by 0.3% in the third quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock valued at $54,311,000 after buying an additional 8,946 shares during the last quarter. Jennison Associates LLC boosted its position in UMH Properties by 0.4% in 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 buying an additional 5,015 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in UMH Properties by 2.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock worth $15,456,000 after buying an additional 22,844 shares during the period. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Stock Up 0.5 %

Shares of NYSE:UMH opened at $18.77 on Monday. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. The business’s 50 day moving average is $19.24 and its 200 day moving average is $17.56. The stock has a market cap of $1.47 billion, a P/E ratio of -266.96, a price-to-earnings-growth ratio of 3.31 and a beta of 1.30. UMH Properties has a 52-week low of $13.91 and a 52-week high of $20.64.

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

UMH Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be given 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 payout ratio is currently -1,228.40%.

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.