Brokerages Set UMH Properties, Inc. (NYSE:UMH) Price Target at $21.25

by · The Markets Daily

UMH Properties, Inc. (NYSE:UMH – Get Free Report) has been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $21.25.

Separately, StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th.

Read Our Latest Stock Analysis on UMH Properties

Insiders Place Their Bets

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total value of $53,928.00. Following the completion of the sale, the director now directly owns 7,993 shares in the company, valued at $153,945.18. This represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Samuel A. Landy sold 50,000 shares of the stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total value of $977,500.00. Following the transaction, the chief executive officer now directly owns 1,104,826 shares of the company’s stock, valued at approximately $21,599,348.30. The trade was a 4.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 53,845 shares of company stock worth $1,051,210. 8.63% of the stock is owned by company insiders.

Institutional Trading of UMH Properties

Several institutional investors have recently modified their holdings of UMH. American Century Companies Inc. grew its holdings in UMH Properties by 1.0% during the second quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock worth $46,869,000 after acquiring an additional 29,320 shares during the period. State Street Corp boosted its position in shares of UMH Properties by 44.5% during the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after purchasing an additional 863,089 shares in the last quarter. Copeland Capital Management LLC grew its stake in shares of UMH Properties by 0.3% in the 3rd quarter. Copeland Capital Management LLC now owns 2,761,116 shares of the real estate investment trust’s stock worth $54,311,000 after purchasing an additional 8,946 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of UMH Properties by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after purchasing an additional 59,705 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in UMH Properties by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock valued at $15,456,000 after purchasing an additional 22,844 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Performance

Shares of UMH stock opened at $18.72 on Tuesday. 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 50 day moving average of $19.13 and a two-hundred day moving average of $18.55. The company has a market cap of $1.48 billion, a P/E ratio of 144.01, a PEG ratio of 3.47 and a beta of 1.29. UMH Properties has a 52 week low of $14.09 and a 52 week high of $20.64.

UMH Properties (NYSE:UMH – Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.13). UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The company had revenue of $60.67 million for the quarter, compared to the consensus estimate of $61.57 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. As a group, analysts anticipate that UMH Properties will post 0.93 EPS for the current year.

UMH Properties Company Profile

(Get Free Report

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.

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