UMH Properties, Inc (NYSE:UMH) has earned a consensus rating of “Buy” from the nine research firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $18.38.
UMH has been the subject of a number of research analyst reports. Zacks Investment Research upgraded UMH Properties from a “sell” rating to a “hold” rating in a report on Friday, January 12th. B. Riley set a $16.00 target price on UMH Properties and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, DA Davidson set a $16.00 target price on UMH Properties and gave the company a “buy” rating in a report on Monday, March 12th.
Shares of UMH Properties (NYSE:UMH) traded up $0.02 during trading on Tuesday, reaching $12.85. The company had a trading volume of 299,343 shares, compared to its average volume of 207,741. UMH Properties has a 12 month low of $11.38 and a 12 month high of $17.90. The stock has a market cap of $448.81, a PE ratio of -55.87, a price-to-earnings-growth ratio of 1.63 and a beta of 0.60. The company has a quick ratio of 6.14, a current ratio of 6.14 and a debt-to-equity ratio of 2.14.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 5.60%. The ex-dividend date of this dividend was Wednesday, February 14th. UMH Properties’s payout ratio is presently -313.03%.
In related news, insider Umh Properties, Inc. acquired 10,891 shares of the firm’s stock in a transaction dated Thursday, March 15th. The stock was acquired at an average price of $14.14 per share, for a total transaction of $153,998.74. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders bought a total of 11,059 shares of company stock valued at $156,003 in the last quarter. Company insiders own 11.61% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in UMH. Ellington Management Group LLC purchased a new stake in UMH Properties during the fourth quarter worth approximately $149,000. QS Investors LLC purchased a new stake in UMH Properties during the fourth quarter worth approximately $156,000. UBS Asset Management Americas Inc. purchased a new stake in UMH Properties during the fourth quarter worth approximately $157,000. Teacher Retirement System of Texas purchased a new stake in UMH Properties during the fourth quarter worth approximately $158,000. Finally, MetLife Investment Advisors LLC purchased a new stake in UMH Properties during the fourth quarter worth approximately $221,000. Institutional investors and hedge funds own 55.41% of the company’s stock.
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UMH Properties Company Profile
UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.
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