UMH Properties, Inc. (NYSE:UMH) Given Consensus Rating of “Hold” by Brokerages

Shares of UMH Properties, Inc. (NYSE:UMHGet Free Report) have been assigned an average recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.00.

UMH has been the topic of several recent research reports. Wedbush reiterated a “neutral” rating and issued a $17.00 price target on shares of UMH Properties in a research note on Monday, May 13th. William Blair reiterated a “neutral” rating on shares of UMH Properties in a research note on Monday, May 13th. Compass Point lifted their price target on shares of UMH Properties from $20.00 to $21.50 and gave the company a “buy” rating in a research note on Thursday, March 21st. B. Riley reiterated a “buy” rating and issued a $18.50 price target on shares of UMH Properties in a research note on Thursday, May 30th. Finally, StockNews.com lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Sunday, May 5th.

Get Our Latest Research Report on UMH

UMH Properties Stock Up 0.6 %

Shares of UMH stock opened at $15.27 on Friday. The company has a current ratio of 6.82, a quick ratio of 6.82 and a debt-to-equity ratio of 1.59. UMH Properties has a 1 year low of $13.26 and a 1 year high of $16.85. The firm’s fifty day moving average price is $15.61 and its two-hundred day moving average price is $15.30. The firm has a market capitalization of $1.08 billion, a P/E ratio of -101.80, a PEG ratio of 2.78 and a beta of 1.24.

UMH Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Wednesday, May 15th will be given a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Tuesday, May 14th. This is an increase from UMH Properties’s previous quarterly dividend of $0.21. UMH Properties’s dividend payout ratio (DPR) is -573.33%.

Insider Activity

In other news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total value of $375,250.00. Following the completion of the transaction, the chief executive officer now owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, COO Brett Taft sold 9,800 shares of UMH Properties stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $15.91, for a total transaction of $155,918.00. Following the completion of the sale, the chief operating officer now owns 97,049 shares of the company’s stock, valued at approximately $1,544,049.59. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $15.01, for a total transaction of $375,250.00. Following the sale, the chief executive officer now directly owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The disclosure for this sale can be found here. Insiders own 8.63% of the company’s stock.

Institutional Trading of UMH Properties

Hedge funds and other institutional investors have recently modified their holdings of the stock. SRS Capital Advisors Inc. boosted its holdings in shares of UMH Properties by 382.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 2,158 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 1,711 shares during the period. EntryPoint Capital LLC boosted its holdings in UMH Properties by 843.9% in the 1st quarter. EntryPoint Capital LLC now owns 2,020 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 1,806 shares during the period. Spire Wealth Management boosted its holdings in UMH Properties by 177.8% in the 3rd quarter. Spire Wealth Management now owns 3,320 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 2,125 shares during the period. Quadrant Capital Group LLC boosted its holdings in UMH Properties by 52.7% in the 4th quarter. Quadrant Capital Group LLC now owns 5,379 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 1,856 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in UMH Properties by 1,440.7% in the 4th quarter. International Assets Investment Management LLC now owns 7,904 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 7,391 shares during the period. Institutional investors own 75.40% of the company’s stock.

About UMH Properties

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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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