UMH Properties, Inc (NYSE:UMH) has received an average rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $18.38.
UMH has been the subject of a number of research reports. B. Riley reiterated a “buy” rating and set a $17.50 target price on shares of UMH Properties in a research report on Tuesday, November 21st. Zacks Investment Research lowered shares of UMH Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 25th. Finally, DA Davidson set a $16.00 target price on shares of UMH Properties and gave the stock a “buy” rating in a research report on Monday, March 12th.
In other news, insider Umh Properties, Inc. purchased 10,891 shares of the stock in a transaction dated Thursday, March 15th. The shares were purchased at an average cost of $14.14 per share, with a total value of $153,998.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders bought 11,059 shares of company stock worth $156,003. Insiders own 11.61% of the company’s stock.
Several institutional investors have recently made changes to their positions in UMH. Dimensional Fund Advisors LP lifted its holdings in shares of UMH Properties by 12.8% in the second quarter. Dimensional Fund Advisors LP now owns 364,839 shares of the real estate investment trust’s stock worth $6,221,000 after buying an additional 41,413 shares in the last quarter. State Street Corp lifted its holdings in shares of UMH Properties by 12.7% in the second quarter. State Street Corp now owns 548,075 shares of the real estate investment trust’s stock worth $9,340,000 after buying an additional 61,704 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of UMH Properties by 8.9% in the second quarter. The Manufacturers Life Insurance Company now owns 24,038 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 1,956 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of UMH Properties by 231.0% in the third quarter. Nationwide Fund Advisors now owns 51,673 shares of the real estate investment trust’s stock worth $804,000 after buying an additional 36,060 shares in the last quarter. Finally, Stevens Capital Management LP purchased a new stake in shares of UMH Properties in the third quarter worth about $260,000. 55.41% of the stock is currently owned by hedge funds and other institutional investors.
UMH Properties (UMH) opened at $12.87 on Tuesday. The company has a current ratio of 6.14, a quick ratio of 6.14 and a debt-to-equity ratio of 2.14. The firm has a market cap of $450.55, a PE ratio of -55.95, a price-to-earnings-growth ratio of 1.64 and a beta of 0.60. UMH Properties has a 1 year low of $11.38 and a 1 year high of $17.90.
UMH Properties (NYSE:UMH) last issued its earnings results on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The firm had revenue of $28.70 million during the quarter, compared to analyst estimates of $28.59 million. UMH Properties had a net margin of 0.68% and a return on equity of 0.45%. The company’s quarterly revenue was up 14.3% compared to the same quarter last year. sell-side analysts expect that UMH Properties will post 0.79 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.59%. The ex-dividend date was Wednesday, February 14th. UMH Properties’s payout ratio is -313.03%.
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About UMH Properties
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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