Brokerages Set UMH Properties, Inc. (NYSE:UMH) Price Target at $18.00

UMH Properties, Inc. (NYSE:UMH) has earned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.00.

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, January 21st. Colliers Securities upgraded UMH Properties to a “buy” rating in a research report on Thursday, December 4th. B. Riley Financial dropped their target price on UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Monday, November 24th. Finally, Cantor Fitzgerald reiterated a “neutral” rating and issued a $16.00 price target on shares of UMH Properties in a report on Monday, January 5th.

UMH Properties Price Performance

UMH Properties stock opened at $15.93 on Thursday. UMH Properties has a 52 week low of $13.95 and a 52 week high of $19.14. The firm has a market cap of $1.36 billion, a P/E ratio of 199.15, a P/E/G ratio of 2.65 and a beta of 1.09. The company has a debt-to-equity ratio of 0.99, a quick ratio of 6.86 and a current ratio of 6.86. The business’s fifty day moving average is $15.84 and its two-hundred day moving average is $15.44.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Tuesday, February 17th will be given a dividend of $0.225 per share. The ex-dividend date is Tuesday, February 17th. This represents a $0.90 annualized dividend and a dividend yield of 5.6%. UMH Properties’s payout ratio is currently 1,125.00%.

Insider Buying and Selling at UMH Properties

In other UMH Properties news, Director William Edward Mitchell acquired 2,000 shares of the business’s stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $14.92 per share, for a total transaction of $29,840.00. Following the completion of the acquisition, the director directly owned 28,737 shares of the company’s stock, valued at approximately $428,756.04. This represents a 7.48% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.77% of the stock is currently owned by company insiders.

Institutional Trading of UMH Properties

Hedge funds and other institutional investors have recently made changes to their positions in the business. Creative Financial Designs Inc. ADV lifted its position in UMH Properties by 96.9% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 3,495 shares of the real estate investment trust’s stock worth $56,000 after buying an additional 1,720 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of UMH Properties by 7.9% in the 4th quarter. ProShare Advisors LLC now owns 14,676 shares of the real estate investment trust’s stock valued at $233,000 after acquiring an additional 1,072 shares in the last quarter. Pacific Heights Asset Management LLC increased its position in shares of UMH Properties by 62.5% in the fourth quarter. Pacific Heights Asset Management LLC now owns 650,000 shares of the real estate investment trust’s stock valued at $10,342,000 after acquiring an additional 250,000 shares during the last quarter. Versor Investments LP raised its holdings in UMH Properties by 143.6% during the fourth quarter. Versor Investments LP now owns 47,500 shares of the real estate investment trust’s stock worth $756,000 after acquiring an additional 28,000 shares in the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in UMH Properties by 6.9% during the fourth quarter. First Eagle Investment Management LLC now owns 716,419 shares of the real estate investment trust’s stock worth $11,398,000 after acquiring an additional 46,000 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Company Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.