By otakuyassine3@gmail.com 
Shares of UMH Properties, Inc. (NYSE:UMH – Get Free Report) have received an average rating of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $21.25.
Several equities analysts recently issued reports on the stock. Wedbush restated a “neutral” rating and issued a $20.00 target price on shares of UMH Properties in a report on Monday, January 13th. StockNews.com downgraded UMH Properties from a “hold” rating to a “sell” rating in a research note on Tuesday, February 25th.
Get Our Latest Report on UMH Properties
UMH Properties Trading Down 2.1 %
Shares of UMH stock opened at $18.14 on Friday. UMH Properties has a 1-year low of $14.73 and a 1-year high of $20.64. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 139.56, a PEG ratio of 2.93 and a beta of 1.29. The stock has a 50-day moving average of $18.19 and a 200-day moving average of $18.87.
UMH Properties (NYSE:UMH – Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The real estate investment trust reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.21. The firm had revenue of ($126.74) million during the quarter, compared to analyst estimates of $59.73 million. UMH Properties had a net margin of 11.81% and a return on equity of 6.06%. On average, equities research analysts forecast that UMH Properties will post 0.93 earnings per share for the current year.
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 issued a dividend of $0.215 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $0.86 annualized dividend and a dividend yield of 4.74%. UMH Properties’s dividend payout ratio is currently 2,866.67%.
Institutional Trading of UMH Properties
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in UMH Properties by 11.9% in the fourth quarter. Vanguard Group Inc. now owns 7,506,462 shares of the real estate investment trust’s stock worth $141,722,000 after acquiring an additional 799,798 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of UMH Properties by 1.1% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 5,251,335 shares of the real estate investment trust’s stock worth $99,146,000 after purchasing an additional 57,547 shares during the period. Capital Research Global Investors lifted its holdings in shares of UMH Properties by 124.5% in the 4th quarter. Capital Research Global Investors now owns 4,031,849 shares of the real estate investment trust’s stock worth $76,121,000 after purchasing an additional 2,236,080 shares in the last quarter. Copeland Capital Management LLC lifted its holdings in shares of UMH Properties by 2.4% in the 4th quarter. Copeland Capital Management LLC now owns 2,828,469 shares of the real estate investment trust’s stock worth $53,401,000 after purchasing an additional 67,353 shares in the last quarter. Finally, State Street Corp grew its position in UMH Properties by 44.5% in the 3rd quarter. State Street Corp now owns 2,802,604 shares of the real estate investment trust’s stock valued at $55,127,000 after purchasing an additional 863,089 shares during the period. 75.40% of the stock is owned by institutional investors.
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.
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