Shares of UMH PROPERTIES/SH SH (NYSE:UMH) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $18.00.
Several research firms recently commented on UMH. Compass Point began coverage on UMH PROPERTIES/SH SH in a report on Monday, July 22nd. They issued a “buy” rating and a $19.50 price objective for the company. DA Davidson reissued a “buy” rating on shares of UMH PROPERTIES/SH SH in a research report on Monday, July 29th. Maxim Group set a $17.00 target price on UMH PROPERTIES/SH SH and gave the stock a “buy” rating in a research report on Monday, August 12th. Finally, Zacks Investment Research cut UMH PROPERTIES/SH SH from a “hold” rating to a “sell” rating in a research report on Tuesday, June 11th.
In other news, insider Umh Properties, Inc. bought 18,555 shares of the company’s stock in a transaction on Monday, June 17th. The shares were acquired at an average cost of $13.15 per share, with a total value of $243,998.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Steven B. Wolgin bought 2,500 shares of the company’s stock in a transaction on Wednesday, August 14th. The stock was purchased at an average cost of $11.80 per share, for a total transaction of $29,500.00. Following the completion of the transaction, the director now directly owns 34,441 shares of the company’s stock, valued at approximately $406,403.80. The disclosure for this purchase can be found here. Insiders acquired 21,922 shares of company stock worth $284,490 over the last three months. Insiders own 10.84% of the company’s stock.
Large investors have recently made changes to their positions in the business. FMR LLC lifted its position in shares of UMH PROPERTIES/SH SH by 197.8% during the 1st quarter. FMR LLC now owns 1,559,738 shares of the real estate investment trust’s stock valued at $21,962,000 after buying an additional 1,035,919 shares in the last quarter. Foundry Partners LLC purchased a new position in shares of UMH PROPERTIES/SH SH during the 1st quarter valued at about $3,048,000. Kennedy Capital Management Inc. purchased a new position in shares of UMH PROPERTIES/SH SH during the 1st quarter valued at about $2,431,000. Nuveen Asset Management LLC purchased a new position in shares of UMH PROPERTIES/SH SH during the 2nd quarter valued at about $2,340,000. Finally, Investment Counselors of Maryland LLC lifted its position in shares of UMH PROPERTIES/SH SH by 12.8% during the 2nd quarter. Investment Counselors of Maryland LLC now owns 1,297,559 shares of the real estate investment trust’s stock valued at $16,103,000 after buying an additional 147,083 shares in the last quarter. 59.33% of the stock is currently owned by institutional investors and hedge funds.
NYSE UMH traded down $0.01 during trading hours on Friday, hitting $12.47. The company’s stock had a trading volume of 220,900 shares, compared to its average volume of 163,889. UMH PROPERTIES/SH SH has a 12 month low of $11.14 and a 12 month high of $16.53. The company’s 50 day simple moving average is $12.64 and its two-hundred day simple moving average is $13.35. The company has a market cap of $511.86 million, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 1.87 and a beta of 0.63. The company has a debt-to-equity ratio of 2.59, a current ratio of 3.05 and a quick ratio of 3.05.
UMH PROPERTIES/SH SH (NYSE:UMH) last released its quarterly earnings data on Thursday, August 8th. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.17 by ($0.32). UMH PROPERTIES/SH SH had a negative return on equity of 22.16% and a negative net margin of 23.38%. The business had revenue of $37.23 million during the quarter, compared to the consensus estimate of $36.26 million. As a group, research analysts predict that UMH PROPERTIES/SH SH will post 0.68 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $0.72 annualized dividend and a yield of 5.77%. UMH PROPERTIES/SH SH’s payout ratio is 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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