UMH Properties (NYSE:UMH) Hits New 12-Month Low at $15.10

UMH Properties, Inc. (NYSE:UMHGet Rating) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.10 and last traded at $15.14, with a volume of 13135 shares changing hands. The stock had previously closed at $15.42.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. EF Hutton Acquisition Co. I restated a “buy” rating and set a $21.00 target price on shares of UMH Properties in a research report on Wednesday, March 1st. Maxim Group decreased their price objective on shares of UMH Properties from $28.00 to $22.00 in a research report on Monday, November 14th. TheStreet upgraded shares of UMH Properties from a “d+” rating to a “c” rating in a research report on Tuesday, February 28th. Finally, StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Friday, March 3rd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.75.

UMH Properties Stock Performance

The firm’s 50 day moving average price is $17.07 and its two-hundred day moving average price is $17.09. The company has a debt-to-equity ratio of 2.34, a quick ratio of 4.18 and a current ratio of 4.18. The firm has a market cap of $882.67 million, a PE ratio of -22.09, a PEG ratio of 3.52 and a beta of 1.27.

UMH Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, February 15th will be issued a $0.205 dividend. This is a positive change from UMH Properties’s previous quarterly dividend of $0.20. This represents a $0.82 annualized dividend and a dividend yield of 5.54%. The ex-dividend date is Tuesday, February 14th. UMH Properties’s dividend payout ratio is currently -122.39%.

Insider Transactions at UMH Properties

In related news, Director Matthew I. Hirsch acquired 1,750 shares of the firm’s stock in a transaction dated Thursday, January 5th. The shares were purchased at an average cost of $15.97 per share, for a total transaction of $27,947.50. Following the acquisition, the director now owns 39,298 shares in the company, valued at approximately $627,589.06. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have purchased 2,268 shares of company stock worth $38,453. 10.95% of the stock is currently owned by insiders.

Institutional Investors Weigh In On UMH Properties

A number of hedge funds have recently added to or reduced their stakes in the business. Federated Hermes Inc. increased its position in shares of UMH Properties by 54.9% in the 3rd quarter. Federated Hermes Inc. now owns 2,414 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 856 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of UMH Properties in the 1st quarter valued at approximately $58,000. Quantbot Technologies LP grew its position in shares of UMH Properties by 1,600.0% in the 2nd quarter. Quantbot Technologies LP now owns 3,400 shares of the real estate investment trust’s stock valued at $60,000 after buying an additional 3,200 shares during the last quarter. Signaturefd LLC grew its position in shares of UMH Properties by 11.1% in the 4th quarter. Signaturefd LLC now owns 7,150 shares of the real estate investment trust’s stock valued at $115,000 after buying an additional 715 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of UMH Properties by 79.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,232 shares of the real estate investment trust’s stock valued at $149,000 after buying an additional 4,074 shares during the last quarter. 71.25% of the stock is currently owned by institutional investors and hedge funds.

About UMH Properties

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UMH Properties, Inc operates as a real estate investment trust. It engages in the ownership and operation of manufactured home communities in seven states throughout the northeast. These states include New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. Manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams.

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