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

Shares of UMH Properties, Inc. (NYSE:UMH) have been given a consensus rating of “Moderate Buy” by the five research firms that are covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $21.25.

Several brokerages recently weighed in on UMH. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Saturday, November 16th. Wedbush reissued a “neutral” rating and issued a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th.

Insider Transactions at UMH Properties

In other UMH Properties news, Director Angela D. Pruitt sold 2,800 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.26, for a total transaction of $53,928.00. Following the transaction, the director now owns 7,993 shares of the company’s stock, valued at $153,945.18. This trade represents a 25.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.63% of the company’s stock.

Institutional Trading of UMH Properties

A number of institutional investors and hedge funds have recently made changes to their positions in UMH. Principal Financial Group Inc. purchased a new stake in UMH Properties during the third quarter valued at about $675,000. Concurrent Investment Advisors LLC purchased a new stake in shares of UMH Properties during the 3rd quarter worth about $614,000. Barclays PLC increased its position in UMH Properties by 101.1% during the 3rd quarter. Barclays PLC now owns 160,406 shares of the real estate investment trust’s stock worth $3,155,000 after purchasing an additional 80,660 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in UMH Properties by 6.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 940,792 shares of the real estate investment trust’s stock valued at $18,505,000 after buying an additional 56,662 shares during the period. Finally, State Street Corp lifted its position in UMH Properties by 44.5% during the third quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after buying an additional 863,089 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors and hedge funds.

UMH Properties Stock Performance

UMH Properties stock opened at $18.04 on Wednesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 8.48 and a current ratio of 8.48. UMH Properties has a fifty-two week low of $14.09 and a fifty-two week high of $20.64. The stock has a fifty day moving average of $18.49 and a two-hundred day moving average of $18.97. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 138.79, a PEG ratio of 3.02 and a beta of 1.28.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $0.215 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date is Tuesday, February 18th. UMH Properties’s dividend payout ratio is currently 661.59%.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.