Recent Investment Analyst Rating Updates for UMH Properties (UMH)

A number of research firms have changed their ratings and price targets for UMH properties (NYSE: UMH):

• 8/15/2024 – UMH Properties had its price target raised by analysts at B. Riley from $18.50 to $22.50. They now have a “buy” rating on the stock.
• 08/13/2024 – UMH Properties was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 08/08/2024 – UMH Properties had its price target raised by analysts at Wedbush from $17.00 to $20.00. They now have a “neutral” rating on the stock.
• 08/05/2024 – UMH Properties was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 07/18/2024 – UMH Properties is now covered by analysts at Alliance Global Partners. They set a “buy” rating and a $21.00 price target on the stock.
• 07/17/2024 – UMH Properties was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 07/08/2024 – UMH Properties was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.

UMH Properties stock fell 0.6%

Shares of UMH stock opened at $19.14 on Wednesday. The firm has a market cap of $1.41 billion, a PE ratio of -127.59, a PEG ratio of 3.53 and a beta of 1.29. The company has a debt-to-equity ratio of 1.49, a quick ratio of 6.77, and a current ratio of 6.77. The company’s 50-day moving average price is $17.18 and its 200-day moving average price is $16.06. UMH Properties, Inc. it has a one year low of $13.26 and a one year high of $19.70.

UMH Properties (NYSE:UMH – Get Free Report ) last posted its quarterly earnings results 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 previous year, the firm posted EPS of $0.21. On average, equities research analysts anticipate that UMH Properties, Inc. it will post 0.92 EPS for the current year.

UMH Properties announces dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 15th will be issued a $0.215 dividend. The ex-dividend date of this dividend is Thursday, August 15. This represents an annualized dividend of $0.86 and a yield of 4.49%. UMH Properties’ dividend payout ratio (DPR) is currently -573.30%.

Internal activity at UMH Properties

In related news, Director Kiernan Conway sold 2,700 shares of UMH Properties stock in a transaction that occurred on Thursday, August 15th. The shares were 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 owns 412 shares in the company, valued at approximately $8,050.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, Director Kiernan Conway sold 2,700 shares of UMH Properties stock in a transaction that occurred on Thursday, August 15th. The shares were 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 owns 412 shares in the company, valued at approximately $8,050.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Also, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $15.01, for a total transaction of $375,250.00. Following the completion of the sale, the chief executive officer now owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The disclosure for this sale can be found here. 8.63% of shares are held by insiders.

Hedge funds influence UMH properties

Several institutional investors have recently modified their holdings of the business. Silver Lake Advisory LLC grew its stake in UMH Properties by 4.2% in the second quarter. Silver Lake Advisory LLC now owns 115,741 shares of the real estate investment trust’s stock worth $1,851,000 after acquiring an additional 4,667 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in UMH Properties by 3.9% in the second quarter. The Manufacturers Life Insurance Company now owns 45,929 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 1,737 shares during the last quarter. AQR Capital Management LLC grew its stake in UMH Properties by 268.8% in the second quarter. AQR Capital Management LLC now owns 127,087 shares of the real estate investment trust’s stock worth $2,032,000 after purchasing an additional 92,625 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new position in shares of UMH Properties in the second quarter worth $356,000. Finally, Marshall Wace LLP acquired a new position in shares of UMH Properties in the second quarter worth $2,300,000. Institutional investors and hedge funds own 75.40% of the company’s shares.

UMH Properties, Inc, which was organized in 1968, is a publicly traded REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia.

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