UMH Properties, Inc. (NYSE:UMH) Stock Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts have a “Moderate Buy” consensus on UMH Properties, based on five ratings: two holds, two buys and one strong buy. Their average 1-year price target is $17.25.
• In its latest quarter, UMH reported an adjusted loss of $0.02 per share, missing the $0.04-per-share consensus estimate, while revenue of $74.14 million topped the $62.23 million estimate.
• UMH announced a quarterly dividend of $0.225 per share, equivalent to $0.90 annually and a stated yield of 6.2%.

Shares of UMH Properties, Inc. (NYSE:UMH - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five brokerages that are presently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $17.25.

Several research analysts have recently commented on UMH shares. Weiss Ratings reiterated a "hold (c)" rating on shares of UMH Properties in a research report on Thursday, October 29th. Wall Street Zen lowered UMH Properties from a "hold" rating to a "sell" rating in a research report on Saturday, November 7th.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Concorde Asset Management LLC acquired a new position in shares of UMH Properties in the 3rd quarter valued at about $584,000. First Trust Advisors LP raised its position in shares of UMH Properties by 37.8% during the 3rd quarter. First Trust Advisors LP now owns 147,737 shares of the real estate investment trust's stock worth $2,275,000 after purchasing an additional 40,508 shares during the period. Whittier Trust Co. acquired a new stake in shares of UMH Properties during the 3rd quarter worth approximately $152,000. Ieq Capital LLC lifted its holdings in shares of UMH Properties by 26.0% in the 3rd quarter. Ieq Capital LLC now owns 34,880 shares of the real estate investment trust's stock worth $537,000 after purchasing an additional 7,190 shares during the last quarter. Finally, Cherokee Insurance Co lifted its holdings in shares of UMH Properties by 1.5% in the 3rd quarter. Cherokee Insurance Co now owns 421,311 shares of the real estate investment trust's stock worth $6,488,000 after purchasing an additional 6,149 shares during the last quarter. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Price Performance

UMH opened at $14.58 on Friday. The company has a 50-day moving average of $15.32 and a 200-day moving average of $15.41. The company has a market capitalization of $1.25 billion, a P/E ratio of 291.64 and a beta of 0.99. UMH Properties has a 1-year low of $13.93 and a 1-year high of $16.77. The company has a debt-to-equity ratio of 1.43, a quick ratio of 6.83 and a current ratio of 6.83.

UMH Properties (NYSE:UMH - Get Free Report) last issued its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.06). The company had revenue of $74.14 million for the quarter, compared to the consensus estimate of $62.23 million. UMH Properties had a return on equity of 4.47% and a net margin of 9.04%. Equities analysts expect that UMH Properties will post 1.00 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.2250 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Monday, November 16th. UMH Properties's dividend payout ratio is 1,800.00%.

About UMH Properties

UMH Properties, Inc. is a real estate investment trust (REIT) that owns and operates manufactured home communities. Its primary business is providing developed homesites for residents who own or rent manufactured homes. The company also offers manufactured homes for rent and sale, giving residents options for living in its communities. UMH serves markets across the Northeast, Midwest and Southeast United States. Founded in 1968, UMH is headquartered in Freehold, New Jersey. Samuel A. Landy serves as the company's president and chief executive officer.

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