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

UMH Properties, Inc. (NYSE:UMH) has received a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $18.40.

A number of research analysts have recently issued reports on the stock. Colliers Securities raised shares of UMH Properties to a “buy” rating in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of UMH Properties in a report on Wednesday, October 8th. B. Riley reduced their price target on UMH Properties from $19.00 to $18.50 and set a “buy” rating on the stock in a research report on Monday, November 24th. Finally, Cantor Fitzgerald reissued a “neutral” rating and issued a $16.00 price objective on shares of UMH Properties in a research report on Monday, January 5th.

Insider Transactions at UMH Properties

In other news, Director William Edward Mitchell acquired 2,000 shares of the business’s stock in a transaction dated Monday, November 24th. The shares were acquired at an average cost of $14.92 per share, with a total value of $29,840.00. Following the completion of the acquisition, the director owned 28,737 shares of the company’s stock, valued at approximately $428,756.04. This trade represents a 7.48% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. In the last ninety days, insiders acquired 2,282 shares of company stock valued at $33,845. Company insiders own 8.77% of the company’s stock.

Hedge Funds Weigh In On UMH Properties

A number of institutional investors have recently modified their holdings of the stock. Cloud Capital Management LLC purchased a new position in UMH Properties during the third quarter valued at approximately $29,000. KBC Group NV boosted its holdings in UMH Properties by 74.0% during the second quarter. KBC Group NV now owns 3,005 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,278 shares in the last quarter. Quantbot Technologies LP acquired a new stake in UMH Properties during the second quarter valued at $52,000. Quarry LP purchased a new position in UMH Properties in the third quarter valued at $61,000. Finally, Spire Wealth Management raised its position in shares of UMH Properties by 41.5% in the third quarter. Spire Wealth Management now owns 4,980 shares of the real estate investment trust’s stock worth $74,000 after acquiring an additional 1,460 shares during the period. Hedge funds and other institutional investors own 75.40% of the company’s stock.

UMH Properties Trading Down 0.2%

Shares of NYSE UMH opened at $16.06 on Friday. UMH Properties has a twelve month low of $13.95 and a twelve month high of $19.14. The firm has a market cap of $1.37 billion, a PE ratio of 200.71, a price-to-earnings-growth ratio of 2.68 and a beta of 1.09. The business has a fifty day simple moving average of $15.46 and a two-hundred day simple moving average of $15.59. The company has a quick ratio of 6.86, a current ratio of 6.86 and a debt-to-equity ratio of 0.99.

UMH Properties (NYSE:UMH) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a net margin of 10.47% and a return on equity of 4.47%. The company had revenue of $66.92 million for the quarter, compared to analysts’ expectations of $68.70 million. Analysts expect that UMH Properties will post 0.93 earnings per share for the current fiscal year.

About UMH Properties

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.