UMH Properties, Inc. (UMH) Given Average Recommendation of “Buy” by Brokerages
Shares of UMH Properties, Inc. (NYSE:UMH) have earned an average recommendation of “Buy” from the nine analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $18.60.
Several analysts have recently weighed in on the stock. Janney Montgomery Scott assumed coverage on shares of UMH Properties in a research report on Friday, September 8th. They set a “buy” rating for the company. Zacks Investment Research upgraded shares of UMH Properties from a “strong sell” rating to a “hold” rating in a research report on Friday, October 13th. DA Davidson assumed coverage on shares of UMH Properties in a research report on Friday, September 1st. They set a “buy” rating and a $18.00 price objective for the company. BidaskClub upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $17.50 target price on shares of UMH Properties in a report on Tuesday, November 21st.
UMH Properties (UMH) opened at $15.03 on Friday. UMH Properties has a 12 month low of $12.99 and a 12 month high of $17.90. The company has a quick ratio of 4.46, a current ratio of 4.46 and a debt-to-equity ratio of 1.98. The stock has a market cap of $523.59, a P/E ratio of 21.73, a P/E/G ratio of 2.05 and a beta of 0.60.
UMH Properties (NYSE:UMH) last issued its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.34). The firm had revenue of $28.69 million during the quarter, compared to analysts’ expectations of $28.79 million. UMH Properties had a return on equity of 0.74% and a net margin of 1.05%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.02) EPS. equities research analysts forecast that UMH Properties will post 0.73 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be issued a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.79%. UMH Properties’s payout ratio is -327.26%.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in UMH Properties by 202.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock valued at $57,071,000 after buying an additional 2,242,115 shares during the period. Boulegeris Investments Inc. increased its stake in UMH Properties by 1.2% in the 3rd quarter. Boulegeris Investments Inc. now owns 1,783,778 shares of the real estate investment trust’s stock valued at $27,738,000 after buying an additional 20,495 shares during the period. State Street Corp increased its stake in UMH Properties by 12.7% in the 2nd quarter. State Street Corp now owns 548,075 shares of the real estate investment trust’s stock valued at $9,340,000 after buying an additional 61,704 shares during the period. Robotti Robert increased its stake in UMH Properties by 1.2% in the 2nd quarter. Robotti Robert now owns 515,814 shares of the real estate investment trust’s stock valued at $8,541,000 after buying an additional 6,175 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in UMH Properties by 101.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 423,614 shares of the real estate investment trust’s stock valued at $6,588,000 after buying an additional 212,866 shares during the period. 54.93% of the stock is currently owned by institutional investors.
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UMH Properties Company Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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