UMH Properties, Inc. (NYSE:UMH) Receives $18.50 Average Target Price from Analysts

Shares of UMH Properties, Inc. (NYSE:UMH) have been assigned an average rating of “Hold” from the five analysts that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $18.50.

A number of equities research analysts have recently weighed in on UMH shares. Cantor Fitzgerald assumed coverage on shares of UMH Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 price objective on the stock. Wall Street Zen lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Friday, July 18th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, October 8th.

UMH Properties Price Performance

Shares of UMH opened at $14.25 on Tuesday. UMH Properties has a twelve month low of $13.95 and a twelve month high of $20.42. The firm’s fifty day simple moving average is $14.85 and its 200-day simple moving average is $16.17. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 101.75, a PEG ratio of 2.49 and a beta of 1.05. The company has a current ratio of 8.56, a quick ratio of 8.56 and a debt-to-equity ratio of 1.08.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Wednesday, August 6th. The real estate investment trust reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.02). UMH Properties had a net margin of 12.18% and a return on equity of 5.19%. The firm had revenue of $66.64 million during the quarter, compared to analyst estimates of $66.07 million. Equities analysts forecast that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 15th. Shareholders of record on Monday, November 17th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Monday, November 17th. UMH Properties’s dividend payout ratio (DPR) is presently 642.86%.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, Director Angela D. Pruitt sold 1,600 shares of the firm’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $16.06, for a total transaction of $25,696.00. Following the transaction, the director directly owned 9,905 shares of the company’s stock, valued at approximately $159,074.30. This trade represents a 13.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William Edward Mitchell sold 75,849 shares of the firm’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $16.32, for a total transaction of $1,237,855.68. Following the transaction, the director directly owned 41,368 shares in the company, valued at $675,125.76. The trade was a 64.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders purchased 10,743 shares of company stock valued at $155,097 and sold 175,249 shares valued at $2,775,528. Insiders own 8.77% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UMH. Nuveen LLC purchased a new position in UMH Properties during the 1st quarter worth $19,209,000. Alliancebernstein L.P. boosted its holdings in shares of UMH Properties by 1,091.0% in the first quarter. Alliancebernstein L.P. now owns 896,183 shares of the real estate investment trust’s stock valued at $16,759,000 after acquiring an additional 820,934 shares in the last quarter. Strs Ohio boosted its holdings in shares of UMH Properties by 3,361.8% in the second quarter. Strs Ohio now owns 470,800 shares of the real estate investment trust’s stock valued at $7,905,000 after acquiring an additional 457,200 shares in the last quarter. D.A. Davidson & CO. boosted its holdings in shares of UMH Properties by 35.7% in the third quarter. D.A. Davidson & CO. now owns 1,470,755 shares of the real estate investment trust’s stock valued at $21,841,000 after acquiring an additional 387,021 shares in the last quarter. Finally, Cherokee Insurance Co purchased a new stake in shares of UMH Properties in the second quarter valued at about $6,366,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

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.