Shares of UMH Properties, Inc. (NYSE:UMH) have been assigned an average rating of “Buy” from the eight research firms that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $18.88.

Several brokerages have commented on UMH. Zacks Investment Research downgraded UMH Properties from a “buy” rating to a “hold” rating in a research report on Friday, September 22nd. BidaskClub raised UMH Properties from a “sell” rating to a “hold” rating in a research report on Wednesday, August 2nd. DA Davidson began coverage on UMH Properties in a research report on Friday, September 1st. They issued a “buy” rating and a $18.00 price objective on the stock. Janney Montgomery Scott began coverage on UMH Properties in a research report on Friday, September 8th. They issued a “buy” rating on the stock. Finally, FBR & Co reaffirmed an “outperform” rating and issued a $18.50 price objective on shares of UMH Properties in a research report on Tuesday, July 11th.

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A number of institutional investors have recently made changes to their positions in the business. Sumitomo Mitsui Trust Holdings Inc. grew its position in UMH Properties by 0.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 27,048 shares of the real estate investment trust’s stock valued at $461,000 after acquiring an additional 92 shares during the last quarter. Bard Associates Inc. grew its position in UMH Properties by 1.0% in the 2nd quarter. Bard Associates Inc. now owns 58,600 shares of the real estate investment trust’s stock valued at $999,000 after acquiring an additional 600 shares during the last quarter. Aperio Group LLC grew its position in UMH Properties by 6.0% in the 2nd quarter. Aperio Group LLC now owns 10,919 shares of the real estate investment trust’s stock valued at $186,000 after acquiring an additional 617 shares during the last quarter. Nationwide Fund Advisors grew its position in UMH Properties by 6.9% in the 2nd quarter. Nationwide Fund Advisors now owns 15,613 shares of the real estate investment trust’s stock valued at $266,000 after acquiring an additional 1,007 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in UMH Properties by 11.6% in the 2nd quarter. Voya Investment Management LLC now owns 17,252 shares of the real estate investment trust’s stock valued at $294,000 after acquiring an additional 1,798 shares during the last quarter. 53.99% of the stock is currently owned by institutional investors.

Shares of UMH Properties (NYSE:UMH) opened at 15.62 on Friday. The stock’s market cap is $529.44 million. The company has a 50-day moving average price of $15.69 and a 200-day moving average price of $16.20. UMH Properties has a 52 week low of $11.47 and a 52 week high of $17.90.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Wednesday, November 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend is Tuesday, November 14th. UMH Properties’s dividend payout ratio (DPR) is presently -799.91%.

UMH Properties Company Profile

UMH Properties, Inc (UMH) is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities, including leasing manufactured home sites to private manufactured home owners. The Company also leases homes to residents, and through its taxable REIT subsidiary, UMH Sales and Finance, Inc (S&F), conducts manufactured home sales in its communities.

Analyst Recommendations for UMH Properties (NYSE:UMH)

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