UMH Properties, Inc. (NYSE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, has received a “Moderate Buy” rating from four analysts currently covering the company, according to Bloomberg. One analyst has given a hold recommendation, while three others have issued a buy recommendation for the stock. These ratings indicate positive sentiment and confidence in UMH Properties’ potential for growth.
In terms of price targets, brokers who have covered the stock in the past year have set an average 12-month target price of $20.60. This indicates that analysts believe there is further upside potential for UMH Properties’ shares over the next year.
In other news related to the company, Director Kiernan Conway recently sold 2,500 shares of UMH Properties stock on May 22nd at an average price of $15.34 per share. The total transaction amounted to $38,350. Following this sale, Conway now holds 492 shares valued at approximately $7,547.28. This information was disclosed in a filing with the Securities & Exchange Commission (SEC).
It is worth noting that insiders have been active in purchasing UMH Properties’ stock as well. Over the last three months, insiders have acquired 1,057 shares worth $17,006. Currently, insiders own about 9.09% of the company’s outstanding shares.
Furthermore, UMH Properties recently announced its quarterly dividend payment which will be made on September 15th to stockholders of record on August 15th. The dividend payout is set at $0.205 per share on an annualized basis and offers a dividend yield of 5.44%. The ex-dividend date for this payment is August 14th.
With these developments, investors and shareholders can gain insights into UMH Properties’ current performance and future prospects through these various indicators, such as analyst ratings, insider trading activities, and dividend announcements. It is essential for potential investors to conduct thorough research and consult with financial advisors before making any investment decisions.
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Conflicting Analyst Reports and Institutional Investor Moves Perplex Investors in UMH Properties
UMH Properties, a real estate investment trust, has been the subject of various reports and ratings by research analysts. On July 11th, Wolfe Research downgraded UMH Properties from an “outperform” rating to a “peer perform” rating. This downgrade came as a surprise to many investors who were expecting positive performance from the company. However, on August 11th, Wedbush boosted their target price on UMH Properties’ shares from $19.00 to $20.00 and maintained an “outperform” rating. These conflicting reports have left investors perplexed about the company’s prospects.
In addition to these analyst ratings, UMH Properties recently announced its quarterly dividend to be paid on September 15th. Stockholders of record on August 15th will receive a dividend of $0.205 per share. With an annualized dividend of $0.82 and a dividend yield of 5.44%, this announcement may provide some relief to shareholders in light of the mixed analyst reports.
Analyzing the payout ratio of UMH Properties reveals an interesting figure of -248.48%. This negative ratio suggests that the company is currently paying out more in dividends than it is earning, which raises concerns about its financial health.
On the institutional front, several investors have made moves in relation to UMH Properties’ stock holdings. Nuveen Asset Management LLC increased its stake in the company by 60.7% during the second quarter, while Wells Fargo & Company MN raised its stake by 0.9%. Public Employees Retirement System of Ohio also boosted its position by 4.3%, and Goldman Sachs Group Inc.’s stake rose by 15.7%. Furthermore, Lazard Asset Management LLC increased its stake by 26.8%. These movements indicate varying degrees of confidence among institutional investors regarding UMH Properties’ future performance.
Trading at $15.08 per share on Thursday, UMH Properties’ stock has a market capitalization of $983.93 million. The company’s price-to-earnings ratio is -45.68, indicating negative earnings. Moreover, the price-to-earnings-growth ratio stands at 4.73, suggesting that the stock may be overvalued based on its growth prospects. With a beta of 1.27, the stock’s volatility is slightly higher than the broader market.
UMH Properties’ 50-day and 200-day simple moving averages are $16.12 and $15.91, respectively. These figures suggest a relatively stable trading pattern over the short and long term for the company’s shares. However, it is important to note that there has been no significant upward or downward movement in the stock price throughout these periods.
The firm also maintains a quick ratio and current ratio of 5.84, indicating that it has ample liquidity to meet its short-term obligations. However, with a debt-to-equity ratio of 1.95, UMH Properties has a substantial amount of debt relative to its equity.
In conclusion, UMH Properties’ recent downgrade by Wolfe Research from an “outperform” to a “peer perform” rating has created confusion among investors as conflicting reports emerge about the company’s prospects. The announcement of a quarterly dividend provides some relief but raises concerns about the company’s negative payout ratio. Institutional investors have taken varied positions on UMH Properties’ stock holdings, further adding to the perplexity surrounding its future performance. With consistent trading patterns in recent months and relatively stable moving averages, UMH Properties’ stock appears to offer minimal excitement in terms of potential gains or losses for investors at this time.
