UMH Properties, Inc. (NYSE:UMH) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of UMH Properties, Inc. (NYSE:UMH) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $18.00.

A number of analysts recently issued reports on UMH shares. B. Riley cut their price objective on UMH Properties from $19.00 to $18.50 and set a “buy” rating for the company in a research report on Monday, November 24th. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research note on Wednesday, October 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $16.00 price objective on shares of UMH Properties in a research report on Monday, January 5th. Finally, Colliers Securities raised UMH Properties to a “buy” rating in a research report on Thursday, December 4th.

UMH Properties Stock Up 1.0%

Shares of NYSE UMH opened at $16.59 on Friday. The company has a market capitalization of $1.41 billion, a P/E ratio of 207.34, a P/E/G ratio of 2.77 and a beta of 1.09. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.86 and a quick ratio of 6.86. The company has a 50 day simple moving average of $15.59 and a 200-day simple moving average of $15.57. UMH Properties has a 1 year low of $13.95 and a 1 year high of $19.14.

UMH Properties (NYSE:UMH) last issued its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $0.25 earnings per share for the quarter, hitting the consensus estimate of $0.25. UMH Properties had a return on equity of 4.47% and a net margin of 10.47%.The company had revenue of $66.92 million during the quarter, compared to analyst estimates of $68.70 million. On average, equities research analysts predict that UMH Properties will post 0.93 earnings per share for the current year.

Insider Buying and Selling

In other news, Director William Edward Mitchell bought 2,000 shares of the company’s stock in a transaction on Monday, November 24th. The stock was bought at an average cost of $14.92 per share, with a total value of $29,840.00. Following the transaction, the director directly owned 28,737 shares in the company, valued at $428,756.04. The trade was a 7.48% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On UMH Properties

Several large investors have recently added to or reduced their stakes in the business. Bailard Inc. lifted its position in shares of UMH Properties by 162.9% during the 2nd quarter. Bailard Inc. now owns 44,700 shares of the real estate investment trust’s stock worth $751,000 after purchasing an additional 27,700 shares during the last quarter. Ulland Investment Advisors LLC raised its stake in UMH Properties by 220.6% in the second quarter. Ulland Investment Advisors LLC now owns 28,915 shares of the real estate investment trust’s stock valued at $485,000 after buying an additional 19,895 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in UMH Properties by 9.1% during the 2nd quarter. State of Alaska Department of Revenue now owns 37,849 shares of the real estate investment trust’s stock worth $634,000 after buying an additional 3,153 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of UMH Properties by 5.5% during the 2nd quarter. Geode Capital Management LLC now owns 1,999,240 shares of the real estate investment trust’s stock worth $33,571,000 after acquiring an additional 103,446 shares in the last quarter. Finally, AlphaCore Capital LLC acquired a new position in shares of UMH Properties during the 2nd quarter worth about $90,000. 75.40% of the stock is owned by hedge funds and other institutional investors.

UMH Properties Company Profile

UMH Properties, Inc is a self-administered real estate investment trust (REIT) that specializes in the ownership, operation, acquisition and development of manufactured home communities and recreational vehicle (RV) communities. The company’s business model centers on providing affordable housing solutions by offering land lease lots and home sales in well-maintained, amenity-rich settings. UMH Properties focuses on maximizing occupancy and enhancing tenant satisfaction through professional on-site management and ongoing community improvements.

The company generates revenue through rental lot fees, home sales and related community services.