UMH PROPERTIES/SH SH (NYSE:UMH) has been assigned an average recommendation of “Buy” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $18.00.

A number of research firms have issued reports on UMH. Compass Point reiterated a “buy” rating and set a $19.00 price target on shares of Preferred Apartment Communities in a research report on Monday, July 22nd. Zacks Investment Research raised HB Fuller from a “sell” rating to a “hold” rating in a research report on Tuesday, June 11th. Finally, Maxim Group reissued a “buy” rating and issued a $72.00 target price on shares of Northwest Natural in a research report on Thursday, June 6th.

In other news, Chairman Eugene W. Landy sold 8,000 shares of UMH PROPERTIES/SH SH stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $13.20, for a total value of $105,600.00. Following the completion of the transaction, the chairman now directly owns 623,243 shares in the company, valued at $8,226,807.60. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Umh Properties, Inc. purchased 18,555 shares of UMH PROPERTIES/SH SH stock in a transaction dated Monday, June 17th. The stock was bought at an average price of $13.15 per share, with a total value of $243,998.25. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 19,422 shares of company stock valued at $254,990. 10.84% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Prudential Financial Inc. bought a new position in UMH PROPERTIES/SH SH during the 4th quarter valued at approximately $141,000. PNC Financial Services Group Inc. acquired a new position in shares of UMH PROPERTIES/SH SH during the 4th quarter worth approximately $52,000. BlackRock Inc. increased its holdings in shares of UMH PROPERTIES/SH SH by 4.6% during the 4th quarter. BlackRock Inc. now owns 2,632,656 shares of the real estate investment trust’s stock worth $31,170,000 after acquiring an additional 114,828 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of UMH PROPERTIES/SH SH by 6.6% during the 4th quarter. Bank of New York Mellon Corp now owns 238,081 shares of the real estate investment trust’s stock worth $2,819,000 after acquiring an additional 14,658 shares during the last quarter. Finally, Raymond James & Associates grew its holdings in UMH PROPERTIES/SH SH by 7.1% in the 4th quarter. Raymond James & Associates now owns 45,620 shares of the real estate investment trust’s stock valued at $540,000 after buying an additional 3,041 shares in the last quarter. Institutional investors and hedge funds own 58.05% of the company’s stock.

UMH PROPERTIES/SH SH stock traded up $0.19 during mid-day trading on Monday, reaching $13.16. 153,400 shares of the company’s stock were exchanged, compared to its average volume of 160,345. The business has a fifty day simple moving average of $12.80. The company has a market capitalization of $512.46 million, a price-to-earnings ratio of 17.78, a PEG ratio of 1.86 and a beta of 0.63. UMH PROPERTIES/SH SH has a one year low of $11.14 and a one year high of $16.69. The company has a debt-to-equity ratio of 3.05, a current ratio of 2.73 and a quick ratio of 2.73.

UMH PROPERTIES/SH SH (NYSE:UMH) last released its earnings results on Thursday, May 2nd. The real estate investment trust reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.04). UMH PROPERTIES/SH SH had a negative return on equity of 11.83% and a negative net margin of 13.68%. The firm had revenue of $34.29 million during the quarter, compared to analysts’ expectations of $34.67 million. As a group, equities research analysts anticipate that UMH PROPERTIES/SH SH will post 0.7 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Wednesday, August 14th. UMH PROPERTIES/SH SH’s dividend payout ratio (DPR) is presently 97.30%.

UMH PROPERTIES/SH SH Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 118 manufactured home communities containing approximately 21,500 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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