Wunderlich Boosts UMH Properties, Inc. (UMH) Price Target to $18.00

UMH Properties, Inc. (NYSE:UMH) had its price target lifted by stock analysts at Wunderlich from $16.00 to $18.00 in a research note issued to investors on Thursday, May 11th. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. Wunderlich’s price target points to a potential upside of 3.45% from the stock’s previous close.

Shares of UMH Properties (NYSE:UMH) opened at 17.40 on Thursday. The stock’s market capitalization is $544.25 million. UMH Properties has a 12-month low of $10.80 and a 12-month high of $17.90. The stock’s 50 day moving average is $16.80 and its 200-day moving average is $15.12.

UMH Properties (NYSE:UMH) last released its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. UMH Properties had a return on equity of 0.46% and a net margin of 0.59%. The firm had revenue of $26.45 million for the quarter. On average, analysts expect that UMH Properties will post ($0.11) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Monday, May 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend was Thursday, May 11th. UMH Properties’s dividend payout ratio is presently -720.00%.

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In other UMH Properties news, General Counsel Craig Koster sold 10,000 shares of UMH Properties stock in a transaction dated Thursday, March 30th. The shares were sold at an average price of $14.96, for a total transaction of $149,600.00. Following the completion of the sale, the general counsel now directly owns 15,977 shares in the company, valued at $239,015.92. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.61% of the stock is owned by company insiders.

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.

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