Boenning Scattergood restated their buy rating on shares of UMH PROPERTIES/SH SH (NYSE:UMH) in a research report sent to investors on Monday. The firm currently has a $19.50 price target on the real estate investment trust’s stock. Boenning Scattergood also issued estimates for UMH PROPERTIES/SH SH’s Q1 2019 earnings at $0.18 EPS, Q2 2019 earnings at $0.18 EPS, Q3 2019 earnings at $0.21 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.79 EPS.

UMH PROPERTIES/SH SH stock opened at $13.53 on Monday. The company has a quick ratio of 4.16, a current ratio of 4.16 and a debt-to-equity ratio of 3.23. The stock has a market cap of $522.75 million, a PE ratio of 18.28, a PEG ratio of 1.62 and a beta of 0.76. UMH PROPERTIES/SH SH has a 1-year low of $11.14 and a 1-year high of $16.69.

UMH PROPERTIES/SH SH (NYSE:UMH) last posted its earnings results on Thursday, March 7th. The real estate investment trust reported ($0.87) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.83). The firm had revenue of $34.25 million for the quarter, compared to analysts’ expectations of $33.35 million. UMH PROPERTIES/SH SH had a negative return on equity of 35.79% and a negative net margin of 43.63%. Sell-side analysts predict that UMH PROPERTIES/SH SH will post 0.83 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, February 15th will be issued a dividend of $0.18 per share. The ex-dividend date is Thursday, February 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.32%. UMH PROPERTIES/SH SH’s dividend payout ratio is currently 97.30%.

In other news, insider Umh Properties, Inc. bought 11,958 shares of the company’s stock in a transaction dated Monday, December 17th. The stock was bought at an average cost of $13.72 per share, for a total transaction of $164,063.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders have bought 12,124 shares of company stock valued at $166,066. 10.89% of the stock is currently owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC raised its stake in UMH PROPERTIES/SH SH by 5.6% in the fourth quarter. Geode Capital Management LLC now owns 380,343 shares of the real estate investment trust’s stock worth $4,503,000 after buying an additional 20,106 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in UMH PROPERTIES/SH SH by 4.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 464,806 shares of the real estate investment trust’s stock worth $5,503,000 after buying an additional 21,274 shares in the last quarter. FMR LLC raised its stake in UMH PROPERTIES/SH SH by 133,187.3% in the fourth quarter. FMR LLC now owns 523,819 shares of the real estate investment trust’s stock worth $6,203,000 after buying an additional 523,426 shares in the last quarter. Legal & General Group Plc raised its stake in UMH PROPERTIES/SH SH by 32.0% in the fourth quarter. Legal & General Group Plc now owns 6,547 shares of the real estate investment trust’s stock worth $78,000 after buying an additional 1,589 shares in the last quarter. Finally, Thrivent Financial for Lutherans bought a new position in UMH PROPERTIES/SH SH in the fourth quarter worth about $177,000. 58.23% of the stock is owned by institutional investors.

About UMH PROPERTIES/SH SH

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 115 manufactured home communities containing approximately 20,700 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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