UMH Properties (UMH) Receiving Somewhat Favorable Media Coverage, Report Shows
News stories about UMH Properties (NYSE:UMH) have been trending somewhat positive this week, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. UMH Properties earned a news impact score of 0.12 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 45.7928834710772 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
A number of equities research analysts have issued reports on UMH shares. BidaskClub upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of UMH Properties from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Thursday. FBR & Co reiterated an “outperform” rating and set a $18.50 price objective on shares of UMH Properties in a research note on Tuesday, July 11th. DA Davidson started coverage on shares of UMH Properties in a research note on Friday, September 1st. They set a “buy” rating and a $18.00 price objective on the stock. Finally, Janney Montgomery Scott started coverage on shares of UMH Properties in a research note on Friday, September 8th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. UMH Properties currently has an average rating of “Buy” and an average target price of $18.70.
UMH Properties (NYSE:UMH) traded down 0.25% during mid-day trading on Monday, reaching $15.78. 47,312 shares of the company traded hands. The stock’s market capitalization is $534.86 million. UMH Properties has a 12-month low of $11.28 and a 12-month high of $17.90. The company’s 50-day moving average is $15.85 and its 200-day moving average is $16.01.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Shareholders of record on Tuesday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 4.54%. UMH Properties’s dividend payout ratio (DPR) is -799.91%.
In related news, Director James E. Mitchell bought 3,000 shares of the business’s 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 completion of the purchase, the director now owns 3,000 shares in the company, valued at approximately $75,000. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last quarter, insiders acquired 3,698 shares of company stock valued at $85,999. 11.61% of the stock is owned by corporate insiders.
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About UMH Properties
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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