Shares of UMH Properties, Inc. (NYSE:UMH) have received a consensus rating of “Buy” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $18.88.
A number of brokerages recently weighed in on UMH. B. Riley restated a “buy” rating on shares of UMH Properties in a research report on Wednesday, November 1st. BidaskClub lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Janney Montgomery Scott began coverage on UMH Properties in a research report on Friday, September 8th. They set a “buy” rating on the stock. Zacks Investment Research lowered UMH Properties from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, DA Davidson initiated coverage on UMH Properties in a report on Friday, September 1st. They set a “buy” rating and a $18.00 target price on the stock.
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A number of institutional investors and hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in UMH Properties by 0.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,048 shares of the real estate investment trust’s stock worth $461,000 after buying an additional 92 shares during the period. Bard Associates Inc. lifted its holdings in UMH Properties by 1.0% during the 2nd quarter. Bard Associates Inc. now owns 58,600 shares of the real estate investment trust’s stock worth $999,000 after buying an additional 600 shares during the period. Aperio Group LLC lifted its holdings in UMH Properties by 6.0% during 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 period. Nationwide Fund Advisors lifted its holdings in UMH Properties by 6.9% during the 2nd quarter. Nationwide Fund Advisors now owns 15,613 shares of the real estate investment trust’s stock worth $266,000 after buying an additional 1,007 shares during the period. Finally, Voya Investment Management LLC lifted its holdings in UMH Properties by 11.6% during the 2nd quarter. Voya Investment Management LLC now owns 17,252 shares of the real estate investment trust’s stock worth $294,000 after buying an additional 1,798 shares during the period. 52.90% of the stock is currently owned by hedge funds and other institutional investors.
UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Thursday, November 2nd. The real estate investment trust reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.34). The firm had revenue of $28.69 million for the quarter, compared to the consensus estimate of $28.79 million. UMH Properties had a return on equity of 0.74% and a net margin of 1.05%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.02) EPS. equities analysts expect that UMH Properties will post 0.73 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 4.74%. The ex-dividend date is Tuesday, November 14th. UMH Properties’s payout ratio is presently -327.27%.
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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