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

Shares of UMH Properties, Inc. (NYSE:UMHGet Free Report) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $21.25.

A number of brokerages have weighed in on UMH. StockNews.com upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Wedbush reissued a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th.

View Our Latest Research Report on UMH

Insiders Place Their Bets

In related news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.26, for a total transaction of $53,928.00. Following the sale, the director now owns 7,993 shares of the company’s stock, valued at approximately $153,945.18. This trade represents a 25.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Samuel A. Landy sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of $19.55, for a total value of $977,500.00. Following the completion of the transaction, the chief executive officer now owns 1,104,826 shares of the company’s stock, valued at $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. Insiders sold a total of 53,845 shares of company stock worth $1,051,210 over the last quarter. 8.63% of the stock is currently owned by corporate insiders.

Institutional Trading of UMH Properties

A number of large investors have recently added to or reduced their stakes in the company. Maryland Capital Advisors Inc. bought a new stake in UMH Properties during the 3rd quarter valued at about $26,000. Loomis Sayles & Co. L P grew its holdings in UMH Properties by 2,760.0% during the third quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after acquiring an additional 2,346 shares during the period. US Bancorp DE boosted its stake in shares of UMH Properties by 261.1% during the 3rd quarter. US Bancorp DE now owns 2,477 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 1,791 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of UMH Properties by 36.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,596 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 698 shares during the last quarter. Finally, Ulland Investment Advisors LLC raised its position in shares of UMH Properties by 291.5% in the fourth quarter. Ulland Investment Advisors LLC now owns 3,915 shares of the real estate investment trust’s stock valued at $74,000 after buying an additional 2,915 shares during the last quarter. Institutional investors own 75.40% of the company’s stock.

UMH Properties Stock Up 0.2 %

UMH stock opened at $18.26 on Friday. The company has a debt-to-equity ratio of 1.11, a current ratio of 8.48 and a quick ratio of 8.48. UMH Properties has a 1-year low of $14.09 and a 1-year high of $20.64. The stock has a market capitalization of $1.44 billion, a P/E ratio of 140.48, a P/E/G ratio of 2.92 and a beta of 1.29. The business has a fifty day moving average price of $18.95 and a 200-day moving average price of $18.85.

UMH Properties (NYSE:UMHGet Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.13). UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. 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 prior year, the company posted $0.22 EPS. Equities analysts forecast that UMH Properties will post 0.93 earnings per share for the current fiscal year.

UMH Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, February 18th will be given a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 annualized dividend and a yield of 4.71%. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

About UMH Properties

(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.

Further Reading

Analyst Recommendations for UMH Properties (NYSE:UMH)

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