News headlines about UMH Properties (NYSE:UMH) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. UMH Properties earned a daily sentiment score of 0.19 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.5408526968849 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Global Medical REIT (GMRE) and UMH Properties (UMH) Head to Head Analysis (americanbankingnews.com)
- UMH Properties (UMH) Upgraded to “Hold” by BidaskClub (americanbankingnews.com)
- UMH Properties, Inc. (UMH) Receives Average Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Retire With This Unsexy High Income Stock (seekingalpha.com)
- Zacks: Analysts Anticipate UMH Properties, Inc. (UMH) Will Announce Quarterly Sales of $29.46 Million (americanbankingnews.com)
A number of analysts have recently commented on UMH shares. DA Davidson set a $16.00 target price on shares of UMH Properties and gave the stock a “buy” rating in a research note on Monday, March 12th. B. Riley reissued a “buy” rating on shares of UMH Properties in a research note on Monday, March 12th. Finally, Zacks Investment Research raised shares of UMH Properties from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 28th. Three equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. UMH Properties currently has an average rating of “Buy” and an average target price of $17.92.
Shares of UMH Properties stock traded up $0.22 during mid-day trading on Tuesday, hitting $13.47. The stock had a trading volume of 66,641 shares, compared to its average volume of 199,934. UMH Properties has a 12-month low of $11.38 and a 12-month high of $17.90. The company has a debt-to-equity ratio of 2.14, a current ratio of 6.14 and a quick ratio of 6.14. The stock has a market cap of $460.68, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.68 and a beta of 0.47.
UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Thursday, March 8th. The real estate investment trust reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. UMH Properties had a net margin of 0.68% and a return on equity of 0.45%. The business had revenue of $28.70 million during the quarter, compared to analysts’ expectations of $28.59 million. The business’s revenue for the quarter was up 14.3% on a year-over-year basis. equities analysts expect that UMH Properties will post 0.79 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 15th. Stockholders of record on Tuesday, May 15th will be paid a $0.18 dividend. The ex-dividend date is Monday, May 14th. This represents a $0.72 annualized dividend and a dividend yield of 5.35%. UMH Properties’s dividend payout ratio (DPR) is 101.41%.
In other news, insider Umh Properties, Inc. purchased 10,891 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average price of $14.14 per share, with a total value of $153,998.74. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. In the last three months, insiders bought 11,059 shares of company stock valued at $156,003. Corporate insiders own 11.61% of the company’s stock.
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About UMH Properties
UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 112 manufactured home communities containing approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.
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