UMH Properties, Inc. (NYSE:UMH) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Shares of UMH Properties, Inc. (NYSE:UMHGet Free Report) have been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $18.20.

UMH has been the topic of several research reports. Colliers Securities upgraded UMH Properties to a “buy” rating in a research note on Thursday, December 4th. Weiss Ratings reiterated a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. B. Riley reduced their price objective on UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a research note on Monday, November 24th. Finally, Cantor Fitzgerald initiated coverage on shares of UMH Properties in a report on Wednesday, October 1st. They issued a “neutral” rating and a $15.00 price objective for the company.

Read Our Latest Report on UMH

UMH Properties Trading Down 0.4%

NYSE UMH opened at $15.73 on Wednesday. The company has a market capitalization of $1.34 billion, a price-to-earnings ratio of 196.59, a price-to-earnings-growth ratio of 2.78 and a beta of 1.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.86 and a quick ratio of 6.86. UMH Properties has a 12 month low of $13.95 and a 12 month high of $19.14. The company’s fifty day moving average price is $15.07 and its two-hundred day moving average price is $15.67.

UMH Properties (NYSE:UMHGet Free Report) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. The business had revenue of $66.92 million for the quarter, compared to analyst estimates of $68.70 million. As a group, research analysts predict that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, November 17th were issued a $0.225 dividend. The ex-dividend date of this dividend was Monday, November 17th. This represents a $0.90 annualized dividend and a dividend yield of 5.7%. UMH Properties’s payout ratio is 1,125.00%.

Insider Activity at UMH Properties

In related news, Director William Edward Mitchell bought 2,000 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $14.92 per share, for a total transaction of $29,840.00. Following the completion of the purchase, the director directly owned 28,737 shares in the company, valued at approximately $428,756.04. The trade was a 7.48% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Samuel A. Landy sold 20,000 shares of the stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $14.19, for a total value of $283,800.00. Following the sale, the chief executive officer owned 1,054,568 shares in the company, valued at $14,964,319.92. The trade was a 1.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders acquired 12,809 shares of company stock valued at $185,944 and sold 44,100 shares valued at $639,996. Insiders own 8.77% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Summit Securities Group LLC bought a new position in UMH Properties during the 1st quarter worth $35,000. Cloud Capital Management LLC acquired a new position in shares of UMH Properties during the third quarter valued at $29,000. KBC Group NV grew its position in shares of UMH Properties by 74.0% during the second quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock worth $50,000 after acquiring an additional 1,278 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of UMH Properties in the 2nd quarter worth about $52,000. Finally, Quarry LP acquired a new stake in shares of UMH Properties in the 3rd quarter worth about $61,000. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Company Profile

(Get Free Report)

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.

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