UMH Properties, Inc (UMH) Receives Average Recommendation of “Buy” from Analysts

UMH Properties, Inc (NYSE:UMH) has earned an average rating of “Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. One research 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $18.30.

UMH has been the subject of a number of analyst reports. Zacks Investment Research lowered UMH Properties from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 25th. B. Riley set a $16.00 price target on UMH Properties and gave the company a “buy” rating in a research report on Tuesday, January 23rd.

UMH Properties (NYSE UMH) opened at $12.20 on Friday. UMH Properties has a fifty-two week low of $11.92 and a fifty-two week high of $17.90. The company has a market capitalization of $422.61, a P/E ratio of -55.45, a price-to-earnings-growth ratio of 1.45 and a beta of 0.50. The company has a current ratio of 4.46, a quick ratio of 4.46 and a debt-to-equity ratio of 1.98.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, February 15th will be given a $0.18 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.90%. UMH Properties’s dividend payout ratio (DPR) is presently -327.27%.

Several hedge funds have recently bought and sold shares of UMH. Vanguard Group Inc. grew its position in shares of UMH Properties by 202.9% in the second quarter. Vanguard Group Inc. now owns 3,347,292 shares of the real estate investment trust’s stock valued at $57,071,000 after purchasing an additional 2,242,115 shares in the last quarter. Schwab Charles Investment Management Inc. grew its position in shares of UMH Properties by 101.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 423,614 shares of the real estate investment trust’s stock valued at $6,588,000 after purchasing an additional 212,866 shares in the last quarter. JPMorgan Chase & Co. grew its position in shares of UMH Properties by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 311,558 shares of the real estate investment trust’s stock valued at $4,832,000 after purchasing an additional 133,089 shares in the last quarter. Citadel Advisors LLC purchased a new stake in shares of UMH Properties in the third quarter valued at approximately $1,737,000. Finally, Deutsche Bank AG grew its position in shares of UMH Properties by 31.6% in the fourth quarter. Deutsche Bank AG now owns 463,026 shares of the real estate investment trust’s stock valued at $6,897,000 after purchasing an additional 111,235 shares in the last quarter. Institutional investors and hedge funds own 53.46% of the company’s stock.

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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.

Analyst Recommendations for UMH Properties (NYSE:UMH)

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