UMH Properties (UMH) Given a $16.00 Price Target by DA Davidson Analysts
UMH Properties (NYSE:UMH) received a $16.00 price objective from equities researchers at DA Davidson in a report released on Monday. The firm presently has a “buy” rating on the real estate investment trust’s stock. DA Davidson’s price objective points to a potential upside of 24.32% from the stock’s current price. DA Davidson also issued estimates for UMH Properties’ Q1 2018 earnings at $0.18 EPS, Q2 2018 earnings at $0.20 EPS, Q3 2018 earnings at $0.21 EPS, Q4 2018 earnings at $0.21 EPS, FY2018 earnings at $0.80 EPS and FY2019 earnings at $0.89 EPS.
Several other research analysts have also commented on UMH. B. Riley reiterated a “buy” rating and issued a $17.50 target price on shares of UMH Properties in a research report on Tuesday, November 21st. Zacks Investment Research upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company. UMH Properties has a consensus rating of “Buy” and an average price target of $17.92.
UMH Properties (NYSE:UMH) opened at $12.87 on Monday. The company has a market capitalization of $449.51, a P/E ratio of -55.96, a PEG ratio of 1.48 and a beta of 0.60. The company has a debt-to-equity ratio of 2.14, a current ratio of 6.14 and a quick ratio of 6.14. UMH Properties has a 12-month low of $11.38 and a 12-month high of $17.90.
A number of large investors have recently added to or reduced their stakes in the stock. MetLife Investment Advisors LLC acquired a new position in UMH Properties during the 4th quarter valued at approximately $221,000. LPL Financial LLC boosted its position in UMH Properties by 30.5% during the 4th quarter. LPL Financial LLC now owns 19,907 shares of the real estate investment trust’s stock valued at $297,000 after purchasing an additional 4,657 shares during the period. Teachers Advisors LLC boosted its position in UMH Properties by 24.6% during the 4th quarter. Teachers Advisors LLC now owns 65,913 shares of the real estate investment trust’s stock valued at $982,000 after purchasing an additional 13,012 shares during the period. Raymond James & Associates boosted its position in UMH Properties by 157.6% during the 4th quarter. Raymond James & Associates now owns 68,320 shares of the real estate investment trust’s stock valued at $1,018,000 after purchasing an additional 41,801 shares during the period. Finally, Ellington Management Group LLC acquired a new position in UMH Properties during the 4th quarter valued at approximately $149,000. Institutional investors and hedge funds own 55.35% of the company’s stock.
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.
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