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

Shares of UMH Properties, Inc. (NYSE:UMH) have earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $21.25.

UMH has been the subject of a number of recent analyst reports. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Saturday, November 16th. Wedbush restated a “neutral” rating and set a $20.00 target price on shares of UMH Properties in a research note on Monday, January 13th.

Insider Transactions at UMH Properties

In related news, Director Angela D. Pruitt sold 2,800 shares of UMH Properties stock in a transaction dated 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 transaction, the director now directly owns 7,993 shares in the company, valued at approximately $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 8.63% of the company’s stock.

Institutional Trading of UMH Properties

Several institutional investors and hedge funds have recently bought and sold shares of the company. Maryland Capital Advisors Inc. bought a new stake in shares of UMH Properties in the 3rd quarter valued at approximately $26,000. Farther Finance Advisors LLC boosted its holdings in UMH Properties by 1,011.1% in the fourth quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 1,456 shares during the period. Sterling Capital Management LLC increased its stake in UMH Properties by 861.1% during the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 1,748 shares during the last quarter. Golden State Wealth Management LLC acquired a new stake in shares of UMH Properties during the fourth quarter worth $38,000. Finally, Loomis Sayles & Co. L P lifted its position in shares of UMH Properties by 2,760.0% in the 3rd quarter. Loomis Sayles & Co. L P now owns 2,431 shares of the real estate investment trust’s stock worth $48,000 after buying an additional 2,346 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Stock Down 1.0 %

Shares of NYSE:UMH opened at $18.04 on Wednesday. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.79, a price-to-earnings-growth ratio of 3.02 and a beta of 1.28. The company has a 50 day moving average of $18.49 and a two-hundred day moving average of $18.97. UMH Properties has a 52-week low of $14.09 and a 52-week high of $20.64. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $0.215 per share. This represents a $0.86 annualized dividend and a yield of 4.77%. The ex-dividend date of this dividend is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.59%.

About UMH Properties

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.