UMH Properties, Inc. (NYSE:UMH) Receives $21.17 Consensus Target Price from Analysts

UMH Properties, Inc. (NYSE:UMH - Get Free Report) has been given an average recommendation of "Moderate Buy" by the five brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $21.00.

Several research firms recently weighed in on UMH. Wedbush restated a "neutral" rating and issued a $20.00 price objective on shares of UMH Properties in a research report on Monday, January 13th. Maxim Group decreased their price target on shares of UMH Properties from $22.00 to $20.50 and set a "buy" rating on the stock in a report on Monday. Finally, StockNews.com raised shares of UMH Properties from a "sell" rating to a "hold" rating in a report on Monday.

Hedge Funds Weigh In On UMH Properties

Several institutional investors and hedge funds have recently made changes to their positions in UMH. GF Fund Management CO. LTD. bought a new position in shares of UMH Properties during the fourth quarter valued at about $26,000. Farther Finance Advisors LLC grew its position in UMH Properties by 1,011.1% during the 4th quarter. Farther Finance Advisors LLC now owns 1,600 shares of the real estate investment trust's stock worth $30,000 after acquiring an additional 1,456 shares during the last quarter. KBC Group NV bought a new stake in UMH Properties in the first quarter valued at approximately $32,000. Sterling Capital Management LLC lifted its position in UMH Properties by 861.1% in the fourth quarter. Sterling Capital Management LLC now owns 1,951 shares of the real estate investment trust's stock valued at $37,000 after purchasing an additional 1,748 shares during the last quarter. Finally, Golden State Wealth Management LLC purchased a new stake in shares of UMH Properties during the fourth quarter valued at approximately $38,000. Institutional investors own 75.40% of the company's stock.

UMH Properties Price Performance

Shares of UMH traded down $0.25 during mid-day trading on Monday, reaching $17.05. 24,018 shares of the stock traded hands, compared to its average volume of 429,883. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 131.16, a price-to-earnings-growth ratio of 2.93 and a beta of 1.14. UMH Properties has a 1 year low of $14.73 and a 1 year high of $20.64. The firm has a fifty day moving average price of $17.81 and a 200 day moving average price of $18.38. The company has a current ratio of 8.48, a quick ratio of 8.48 and a debt-to-equity ratio of 1.11.

UMH Properties (NYSE:UMH - Get Free Report) last posted its earnings results on Thursday, May 1st. The real estate investment trust reported $0.23 EPS for the quarter, hitting the consensus estimate of $0.23. UMH Properties had a return on equity of 6.06% and a net margin of 11.81%. The business had revenue of $61.23 million during the quarter, compared to analysts' expectations of $62.82 million. As a group, equities research analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

UMH Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Thursday, May 15th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.28%. This is a positive change from UMH Properties's previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Thursday, May 15th. UMH Properties's payout ratio is presently 750.00%.

UMH Properties Company Profile

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.