Somewhat Favorable Press Coverage Somewhat Unlikely to Affect UMH Properties (NYSE:UMH) Stock Price
Media stories about UMH Properties (NYSE:UMH) have trended somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. UMH Properties earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news stories about the real estate investment trust an impact score of 46.7859092771558 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- Signaturefd LLC Has $679000 Stake in Express Scripts Holding Company (NASDAQ:ESRX) (famososartistas.com)
- UMH Properties, Inc 2017 Q2 – Results – Earnings Call Slides (seekingalpha.com)
- Edited Transcript of UMH earnings conference call or presentation 4-Aug-17 2:00pm GMT (finance.yahoo.com)
- UMH Properties, Inc. Reports 2nd Quarter 2017 Earnings (finance.yahoo.com)
- UMH Properties, Inc. (NYSE:UMH) Files An 8-K Regulation FD Disclosure (4-traders.com)
A number of equities analysts recently weighed in on the stock. BidaskClub raised shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. FBR & Co reissued an “outperform” rating and issued a $18.50 price target on shares of UMH Properties in a report on Tuesday, July 11th. Wunderlich boosted their price target on shares of UMH Properties from $16.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, May 11th. ValuEngine downgraded shares of UMH Properties from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Sidoti boosted their price target on shares of UMH Properties from $18.00 to $21.00 and gave the stock a “buy” rating in a report on Thursday, May 25th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. UMH Properties presently has an average rating of “Buy” and an average target price of $19.17.
UMH Properties (NYSE UMH) traded down 2.47% during midday trading on Monday, reaching $16.17. 118,481 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $16.91 and its 200-day moving average price is $15.77. The stock’s market cap is $505.78 million. UMH Properties has a one year low of $11.28 and a one year high of $17.90.
UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. UMH Properties had a net margin of 1.02% and a return on equity of 0.76%. The company had revenue of $26.45 million for the quarter. Equities analysts predict that UMH Properties will post ($0.12) earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.45%. UMH Properties’s payout ratio is currently -799.91%.
In related news, Director James E. Mitchell acquired 3,000 shares of the stock in a transaction dated Friday, July 21st. The shares were purchased at an average cost of $25.00 per share, with a total value of $75,000.00. Following the transaction, the director now directly owns 3,000 shares in the company, valued at $75,000. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have bought 4,326 shares of company stock worth $96,012. Insiders own 11.61% of the company’s stock.
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.
Receive News & Ratings for UMH Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UMH Properties Inc. and related companies with MarketBeat.com's FREE daily email newsletter.