UMH Properties (NYSE:UMH) Given a $26.50 Price Target by Compass Point Analysts

Compass Point set a $26.50 price objective on UMH Properties (NYSE:UMHGet Rating) in a report published on Monday, Stock Target Advisor reports.

UMH has been the topic of several other research reports. Maxim Group reissued a buy rating and set a $28.00 price objective on shares of UMH Properties in a research note on Friday, May 6th. StockNews.com started coverage on shares of UMH Properties in a report on Thursday, March 31st. They issued a sell rating for the company. Finally, B. Riley dropped their price objective on UMH Properties from $27.00 to $26.00 and set a buy rating on the stock in a research note on Monday, May 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and an average target price of $27.33.

Shares of UMH stock opened at $17.30 on Monday. The firm’s 50 day moving average price is $20.42 and its two-hundred day moving average price is $22.96. The company has a debt-to-equity ratio of 2.00, a quick ratio of 16.65 and a current ratio of 16.65. UMH Properties has a 52-week low of $16.50 and a 52-week high of $27.50. The stock has a market cap of $938.46 million, a PE ratio of 91.06, a PEG ratio of 3.86 and a beta of 1.15.

UMH Properties (NYSE:UMHGet Rating) last posted its quarterly earnings results on Wednesday, May 4th. The real estate investment trust reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.30). UMH Properties had a return on equity of 16.45% and a net margin of 21.44%. During the same period in the prior year, the business earned $0.20 earnings per share. As a group, sell-side analysts predict that UMH Properties will post 0.87 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Investors of record on Monday, May 16th were paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend was Friday, May 13th. UMH Properties’s payout ratio is presently 421.07%.

In related news, Director Kenneth K. Quigley, Jr. bought 3,500 shares of the company’s stock in a transaction that occurred on Friday, May 13th. The shares were acquired at an average price of $18.81 per share, for a total transaction of $65,835.00. Following the completion of the acquisition, the director now owns 17,365 shares of the company’s stock, valued at approximately $326,635.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth K. Quigley, Jr. purchased 2,500 shares of the stock in a transaction on Monday, May 16th. The shares were bought at an average cost of $19.35 per share, for a total transaction of $48,375.00. Following the transaction, the director now directly owns 19,865 shares in the company, valued at $384,387.75. The disclosure for this purchase can be found here. Insiders acquired a total of 7,104 shares of company stock worth $139,982 in the last three months. Company insiders own 10.95% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Oliver Lagore Vanvalin Investment Group acquired a new position in shares of UMH Properties during the 1st quarter worth about $30,000. Bank of America Corp DE increased its position in UMH Properties by 3.8% during the first quarter. Bank of America Corp DE now owns 26,086 shares of the real estate investment trust’s stock worth $641,000 after buying an additional 966 shares during the last quarter. Neuberger Berman Group LLC raised its stake in UMH Properties by 2.6% in the first quarter. Neuberger Berman Group LLC now owns 250,305 shares of the real estate investment trust’s stock valued at $6,155,000 after buying an additional 6,370 shares during the period. Jane Street Group LLC acquired a new stake in shares of UMH Properties in the first quarter valued at approximately $243,000. Finally, Point72 Hong Kong Ltd bought a new position in shares of UMH Properties during the 1st quarter worth approximately $58,000. Hedge funds and other institutional investors own 69.02% of the company’s stock.

About UMH Properties (Get Rating)

UMH Properties, Inc, which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

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Analyst Recommendations for UMH Properties (NYSE:UMH)

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