UMH Properties (NYSE:UMH) Sets New 1-Year High at $19.71

UMH Properties, Inc. (NYSE:UMH) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $19.71 and last traded at $19.71, with a volume of 32812 shares traded. The stock had previously closed at $19.42.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on UMH. StockNews.com upgraded UMH Properties from a “sell” rating to a “hold” rating in a research report on Tuesday, August 13th. B. Riley upped their price target on shares of UMH Properties from $18.50 to $22.50 and gave the company a “buy” rating in a report on Thursday, August 15th. Wedbush raised their price target on shares of UMH Properties from $17.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, August 8th. Alliance Global Partners started coverage on shares of UMH Properties in a research note on Thursday, July 18th. They set a “buy” rating and a $21.00 price objective for the company. Finally, William Blair restated a “neutral” rating on shares of UMH Properties in a report on Monday, May 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, UMH Properties has an average rating of “Moderate Buy” and a consensus target price of $21.25.

UMH Properties Trading Up 0.7 %

The company has a current ratio of 6.77, a quick ratio of 6.77 and a debt-to-equity ratio of 1.49. The company has a market cap of $1.44 billion, a PE ratio of -131.19, a PEG ratio of 3.53 and a beta of 1.29. The stock has a 50 day moving average price of $17.34 and a 200 day moving average price of $16.11.

UMH Properties (NYSE:UMH) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.21). The firm had revenue of $60.33 million for the quarter, compared to analysts’ expectations of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same period in the prior year, the business posted $0.21 EPS. Sell-side analysts predict that UMH Properties, Inc. will post 0.92 EPS for the current fiscal year.

UMH Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Shareholders of record on Thursday, August 15th will be issued a $0.215 dividend. This represents a $0.86 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Thursday, August 15th. UMH Properties’s dividend payout ratio (DPR) is presently -573.30%.

Insider Activity

In related news, Director Kiernan Conway sold 2,700 shares of UMH Properties stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $19.54, for a total value of $52,758.00. Following the completion of the sale, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Kiernan Conway sold 2,700 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $19.54, for a total transaction of $52,758.00. Following the transaction, the director now owns 412 shares in the company, valued at $8,050.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Michael P. Landy bought 4,700 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was bought at an average cost of $15.45 per share, with a total value of $72,615.00. Following the transaction, the director now owns 341,796 shares in the company, valued at approximately $5,280,748.20. The disclosure for this purchase can be found here. Company insiders own 8.63% of the company’s stock.

Institutional Trading of UMH Properties

A number of hedge funds have recently bought and sold shares of UMH. Vanguard Group Inc. boosted its position in UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock worth $100,212,000 after purchasing an additional 629,427 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of UMH Properties by 1.0% in the second quarter. American Century Companies Inc. now owns 2,931,116 shares of the real estate investment trust’s stock worth $46,869,000 after buying an additional 29,320 shares during the last quarter. Jennison Associates LLC grew its position in UMH Properties by 0.4% during the first quarter. Jennison Associates LLC now owns 1,305,618 shares of the real estate investment trust’s stock valued at $21,203,000 after buying an additional 5,015 shares during the period. Dimensional Fund Advisors LP grew its position in UMH Properties by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 966,682 shares of the real estate investment trust’s stock valued at $15,456,000 after buying an additional 22,844 shares during the period. Finally, D.A. Davidson & CO. increased its holdings in UMH Properties by 5.7% during the second quarter. D.A. Davidson & CO. now owns 871,668 shares of the real estate investment trust’s stock valued at $13,938,000 after buying an additional 47,256 shares during the last quarter. Hedge funds and other institutional investors own 75.40% of the company’s stock.

About UMH Properties

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.