UMH Properties (NYSE:UMH) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

UMH Properties, Inc. (NYSE:UMH)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $15.43 and traded as high as $16.29. UMH Properties shares last traded at $16.0280, with a volume of 386,952 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on UMH shares. Cantor Fitzgerald reissued a “neutral” rating and set a $16.00 target price on shares of UMH Properties in a research note on Monday, January 5th. B. Riley Financial decreased their price target on UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a report on Monday, November 24th. Colliers Securities raised UMH Properties to a “buy” rating in a research report on Thursday, December 4th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UMH Properties in a research report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.00.

UMH Properties Trading Down 0.6%

The company has a quick ratio of 6.86, a current ratio of 6.86 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $1.37 billion, a P/E ratio of 200.38, a P/E/G ratio of 2.69 and a beta of 1.09. The firm’s 50 day simple moving average is $15.91 and its two-hundred day simple moving average is $15.43.

UMH Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Tuesday, February 17th will be issued a $0.225 dividend. The ex-dividend date is Tuesday, February 17th. This represents a $0.90 annualized dividend and a yield of 5.6%. UMH Properties’s dividend payout ratio is presently 1,125.00%.

Insider Buying and Selling

In other news, Director William Edward Mitchell acquired 2,000 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was purchased at an average price of $14.92 per share, for a total transaction of $29,840.00. Following the completion of the acquisition, the director directly owned 28,737 shares in the company, valued at $428,756.04. The trade was a 7.48% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 8.77% of the company’s stock.

Institutional Trading of UMH Properties

Hedge funds have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in shares of UMH Properties by 2.9% in the first quarter. Royal Bank of Canada now owns 191,545 shares of the real estate investment trust’s stock valued at $3,583,000 after buying an additional 5,409 shares in the last quarter. Amundi raised its holdings in shares of UMH Properties by 15.6% in the 1st quarter. Amundi now owns 41,420 shares of the real estate investment trust’s stock worth $778,000 after acquiring an additional 5,590 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in UMH Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 42,976 shares of the real estate investment trust’s stock valued at $804,000 after acquiring an additional 1,871 shares in the last quarter. Aberdeen Group plc lifted its position in UMH Properties by 13.0% in the 2nd quarter. Aberdeen Group plc now owns 21,626 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 2,494 shares in the last quarter. Finally, Allianz Asset Management GmbH boosted its stake in UMH Properties by 5.6% during the 2nd quarter. Allianz Asset Management GmbH now owns 44,462 shares of the real estate investment trust’s stock valued at $747,000 after purchasing an additional 2,341 shares during the last quarter. Institutional investors and hedge funds own 75.40% of the company’s stock.

UMH Properties Company Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.