UMH Properties (UMH) Getting Somewhat Positive Press Coverage, Study Shows
Media coverage about UMH Properties (NYSE:UMH) has trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. UMH Properties earned a media sentiment score of 0.04 on Accern’s scale. Accern also gave press coverage about the real estate investment trust an impact score of 46.7534371759671 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
A number of equities analysts have recently commented on UMH shares. DA Davidson started coverage on shares of UMH Properties in a report on Friday, September 1st. They issued a “buy” rating and a $18.00 target price on the stock. Zacks Investment Research raised shares of UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Thursday, September 14th. BidaskClub cut shares of UMH Properties from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Janney Montgomery Scott began coverage on shares of UMH Properties in a research note on Friday, September 8th. They issued a “buy” rating on the stock. Finally, B. Riley reissued a “buy” rating and issued a $17.50 price objective on shares of UMH Properties in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company. UMH Properties currently has a consensus rating of “Buy” and a consensus target price of $18.50.
Shares of UMH Properties (NYSE UMH) traded down $0.15 on Thursday, reaching $15.44. 120,100 shares of the company’s stock traded hands, compared to its average volume of 156,012. 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 firm has a market cap of $544.51, a PE ratio of 22.59, a P/E/G ratio of 2.14 and a beta of 0.60. UMH Properties has a 12 month low of $12.67 and a 12 month high of $17.90.
UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The firm had revenue of $28.69 million during the quarter, compared to analyst estimates of $28.79 million. During the same period in the prior year, the firm posted ($0.02) earnings per share. The business’s quarterly revenue was up 13.1% compared to the same quarter last year. sell-side analysts anticipate that UMH Properties will post 0.73 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Wednesday, November 15th will be given a $0.18 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $0.72 annualized dividend and a dividend yield of 4.66%. UMH Properties’s dividend payout ratio is presently -327.26%.
About UMH Properties
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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