UMH Properties, Inc. (UMH) Given Consensus Recommendation of “Buy” by Brokerages
Shares of UMH Properties, Inc. (NYSE:UMH) have been given a consensus recommendation of “Buy” by the nine analysts that are covering the stock, MarketBeat.com reports. One 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 12 month target price among brokerages that have issued ratings on the stock in the last year is $18.88.
Several research firms have recently commented on UMH. Zacks Investment Research lowered shares of UMH Properties from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. B. Riley restated a “buy” rating on shares of UMH Properties in a report on Wednesday, November 1st. Janney Montgomery Scott began coverage on shares of UMH Properties in a report on Friday, September 8th. They issued a “buy” rating for the company. DA Davidson began coverage on shares of UMH Properties in a report on Friday, September 1st. They issued a “buy” rating and a $18.00 price target for the company. Finally, BidaskClub upgraded shares of UMH Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.
Several institutional investors have recently modified their holdings of UMH. Bank of Montreal Can grew its position in shares of UMH Properties by 787.4% in the 2nd quarter. Bank of Montreal Can now owns 10,392 shares of the real estate investment trust’s stock worth $177,000 after buying an additional 9,221 shares during the last quarter. Creative Planning grew its position in shares of UMH Properties by 227.1% in the 2nd quarter. Creative Planning now owns 6,049 shares of the real estate investment trust’s stock worth $103,000 after buying an additional 4,200 shares during the last quarter. Aperio Group LLC grew its position in shares of UMH Properties by 6.0% in the 2nd quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 617 shares during the last quarter. Russell Investments Group Ltd. purchased a new position in shares of UMH Properties in the 2nd quarter worth approximately $904,000. Finally, State of New Jersey Common Pension Fund D grew its position in shares of UMH Properties by 3.3% in the 2nd quarter. State of New Jersey Common Pension Fund D now owns 317,000 shares of the real estate investment trust’s stock worth $5,405,000 after buying an additional 10,000 shares during the last quarter. 52.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of UMH Properties (NYSE:UMH) opened at $15.07 on Wednesday. UMH Properties has a twelve month low of $12.67 and a twelve month high of $17.90. The firm has a market cap of $524.95, a PE ratio of 22.07, a P/E/G ratio of 2.09 and a beta of 0.60. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98.
UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.34). UMH Properties had a net margin of 1.05% and a return on equity of 0.74%. The business had revenue of $28.69 million during the quarter, compared to the consensus estimate of $28.79 million. During the same quarter in the prior year, the firm posted ($0.02) EPS. The company’s revenue for the quarter was up 13.1% compared to the same quarter last year. equities analysts forecast that UMH Properties will post 0.73 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Wednesday, November 15th will be given a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date is Tuesday, November 14th. UMH Properties’s payout ratio is currently -327.27%.
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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