UMH Properties (NYSE:UMH) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of UMH Properties (NYSE:UMH) from a sell rating to a hold rating in a research note released on Saturday.

Other equities analysts also recently issued research reports about the company. Wedbush upped their target price on UMH Properties from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, August 8th. B. Riley boosted their price objective on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a research report on Thursday, August 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.25.

UMH Properties Stock Performance

UMH opened at $19.16 on Friday. The business has a fifty day simple moving average of $19.23 and a 200-day simple moving average of $17.74. The firm has a market cap of $1.51 billion, a PE ratio of 147.40, a P/E/G ratio of 3.43 and a beta of 1.30. The company has a quick ratio of 8.48, a current ratio of 8.48 and a debt-to-equity ratio of 1.11. UMH Properties has a fifty-two week low of $13.91 and a fifty-two week high of $20.64.

UMH Properties (NYSE:UMH) last released its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $61.57 million. During the same quarter last year, the business earned $0.22 EPS. As a group, equities analysts predict that UMH Properties will post 0.93 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Friday, November 15th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.49%. The ex-dividend date is Friday, November 15th. UMH Properties’s dividend payout ratio (DPR) is presently 661.59%.

Insider Activity

In other news, CEO Samuel A. Landy sold 50,000 shares of the firm’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $19.55, for a total transaction of $977,500.00. Following the transaction, the chief executive officer now owns 1,104,826 shares in the company, valued at approximately $21,599,348.30. This trade represents a 4.33 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.63% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On UMH Properties

A number of large investors have recently bought and sold shares of UMH. Geode Capital Management LLC lifted its position in shares of UMH Properties by 3.6% in the third quarter. Geode Capital Management LLC now owns 1,703,794 shares of the real estate investment trust’s stock worth $33,520,000 after buying an additional 59,705 shares during the last quarter. Vestcor Inc bought a new position in shares of UMH Properties in the 3rd quarter valued at approximately $1,119,000. Barclays PLC lifted its holdings in UMH Properties by 101.1% in the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after purchasing an additional 80,660 shares during the last quarter. Public Employees Retirement System of Ohio boosted its position in UMH Properties by 4.2% during the third quarter. Public Employees Retirement System of Ohio now owns 97,624 shares of the real estate investment trust’s stock worth $1,920,000 after purchasing an additional 3,925 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its holdings in UMH Properties by 4.1% during the third quarter. Nomura Asset Management Co. Ltd. now owns 82,200 shares of the real estate investment trust’s stock valued at $1,617,000 after purchasing an additional 3,200 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Company Profile

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.