Brokerages Set UMH Properties, Inc. (NYSE:UMH) Price Target at $21.17

UMH Properties, Inc. (NYSE:UMH) has received a consensus rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $21.00.

A number of brokerages have issued reports on UMH. Maxim Group lowered their target price on UMH Properties from $22.00 to $20.50 and set a “buy” rating for the company in a report on Monday. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Monday. Finally, Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th.

Institutional Trading of UMH Properties

Several institutional investors have recently bought and sold shares of UMH. Avantax Advisory Services Inc. grew its holdings in UMH Properties by 2.6% during the first quarter. Avantax Advisory Services Inc. now owns 26,263 shares of the real estate investment trust’s stock valued at $491,000 after purchasing an additional 671 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of UMH Properties by 2.0% in the 4th quarter. The Manufacturers Life Insurance Company now owns 46,783 shares of the real estate investment trust’s stock valued at $883,000 after buying an additional 918 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of UMH Properties by 5.0% in the 1st quarter. Nisa Investment Advisors LLC now owns 22,380 shares of the real estate investment trust’s stock valued at $419,000 after acquiring an additional 1,065 shares during the period. Corebridge Financial Inc. lifted its holdings in UMH Properties by 3.7% in the fourth quarter. Corebridge Financial Inc. now owns 35,946 shares of the real estate investment trust’s stock valued at $679,000 after acquiring an additional 1,286 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new stake in UMH Properties in the 4th quarter worth $26,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Price Performance

Shares of UMH stock opened at $17.31 on Monday. UMH Properties has a twelve month low of $14.73 and a twelve month high of $20.64. 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 business has a fifty day simple moving average of $17.81 and a 200 day simple moving average of $18.38. The company has a market cap of $1.46 billion, a P/E ratio of 133.13, a P/E/G ratio of 2.93 and a beta of 1.14.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, meeting the consensus estimate of $0.23. The business had revenue of $61.23 million during the quarter, compared to the consensus estimate of $62.82 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, sell-side analysts forecast that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Thursday, May 15th will be issued a $0.225 dividend. This is an increase from UMH Properties’s previous quarterly dividend of $0.22. The ex-dividend date is Thursday, May 15th. This represents a $0.90 dividend on an annualized basis and a yield of 5.20%. UMH Properties’s dividend payout ratio is 750.00%.

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.