UMH Properties (NYSE:UMH) Price Target Increased to $22.50 by Analysts at B. Riley

UMH Properties (NYSE:UMH) had its target price hoisted by B. Riley from $18.50 to $22.50 in a research report sent to investors on Thursday, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock. B. Riley also issued estimates for UMH Properties’ Q4 2024 earnings at $0.24 EPS, Q2 2025 earnings at $0.26 EPS, Q3 2025 earnings at $0.27 EPS, Q4 2025 earnings at $0.26 EPS and FY2025 earnings at $1.05 EPS.

UMH has been the topic of a number of other research reports. William Blair reaffirmed a neutral rating on shares of UMH Properties in a report on Monday, May 13th. StockNews.com raised shares of UMH Properties from a sell rating to a hold rating in a research note on Tuesday, August 13th. Wedbush raised their target price on shares of UMH Properties from $17.00 to $20.00 and gave the company a neutral rating in a research note on Thursday, August 8th. Finally, Alliance Global Partners initiated coverage on shares of UMH Properties in a research report on Thursday, July 18th. They set a buy rating and a $21.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $21.25.

UMH Properties Trading Up 0.3 %

Shares of UMH stock opened at $19.40 on Thursday. The stock has a market cap of $1.43 billion, a price-to-earnings ratio of -129.32, a price-to-earnings-growth ratio of 3.56 and a beta of 1.29. The firm’s 50 day moving average price is $17.01 and its two-hundred day moving average price is $16.00. The company has a quick ratio of 6.77, a current ratio of 6.77 and a debt-to-equity ratio of 1.49. UMH Properties has a fifty-two week low of $13.26 and a fifty-two week high of $19.70.

UMH Properties (NYSE:UMH) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.21). The company had revenue of $60.33 million for the quarter, compared to the consensus estimate of $59.84 million. UMH Properties had a net margin of 5.79% and a return on equity of 3.17%. During the same quarter last year, the company earned $0.21 earnings per share. On average, analysts anticipate that UMH Properties will post 0.92 EPS for the current year.

UMH Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 16th. Stockholders of record on Thursday, August 15th will be paid a $0.215 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.86 annualized dividend and a dividend yield of 4.43%. UMH Properties’s payout ratio is -573.30%.

Insiders Place Their Bets

In related news, CEO Samuel A. Landy sold 25,000 shares of UMH Properties stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,149,565 shares of the company’s stock, valued at approximately $17,254,970.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 value of $52,758.00. Following the sale, the director now directly owns 412 shares in the company, valued at approximately $8,050.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Samuel A. Landy sold 25,000 shares of the 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 in the company, valued at $17,254,970.65. The disclosure for this sale can be found here. Corporate insiders own 8.63% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Mutual of America Capital Management LLC bought a new stake in shares of UMH Properties during the 4th quarter worth approximately $1,377,000. Cerity Partners LLC acquired a new stake in shares of UMH Properties during the 4th quarter worth $2,930,000. Vanguard Group Inc. grew its holdings in shares of UMH Properties by 10.6% during the 4th 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 in the last quarter. Panagora Asset Management Inc. acquired a new stake in UMH Properties in the fourth quarter valued at about $1,819,000. Finally, Knights of Columbus Asset Advisors LLC boosted its stake in UMH Properties by 102.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 244,569 shares of the real estate investment trust’s stock valued at $3,747,000 after buying an additional 124,019 shares in the last quarter. 75.40% of the stock is currently owned by institutional investors.

UMH Properties Company Profile

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.