UMH Properties (UMH) Given Daily Coverage Optimism Rating of 0.10
Press coverage about UMH Properties (NYSE:UMH) has trended somewhat positive on Saturday, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. UMH Properties earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 45.7866197892695 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Shares of UMH Properties (UMH) traded up 0.26% during trading on Friday, hitting $15.55. The stock had a trading volume of 142,003 shares. The stock’s 50-day moving average price is $15.79 and its 200 day moving average price is $16.04. UMH Properties has a 1-year low of $11.28 and a 1-year high of $17.90. The firm’s market capitalization is $527.07 million.
The company also recently declared a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th were issued a dividend of $0.18 per share. The ex-dividend date was Friday, August 11th. This represents a $0.72 annualized dividend and a dividend yield of 4.63%. UMH Properties’s payout ratio is -799.91%.
Several analysts recently weighed in on the company. Zacks Investment Research downgraded UMH Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine downgraded UMH Properties from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Janney Montgomery Scott started coverage on UMH Properties in a research report on Friday, September 8th. They set a “buy” rating for the company. Finally, DA Davidson started coverage on UMH Properties in a report on Friday, September 1st. They issued a “buy” rating and a $18.00 target price for the company. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $18.70.
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In other news, Director James E. Mitchell purchased 3,000 shares of the stock in a transaction dated Friday, July 21st. The shares were purchased at an average cost of $25.00 per share, with a total value of $75,000.00. Following the acquisition, the director now directly owns 3,000 shares of the company’s stock, valued at $75,000. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have bought a total of 3,764 shares of company stock worth $86,998 over the last three months. Insiders own 11.61% of the company’s stock.
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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