Brokers Issue Forecasts for UMH Properties, Inc.’s FY2025 Earnings (NYSE:UMH)
UMH Properties, Inc. (NYSE:UMH – Free Report) – B. Riley issued their FY2025 earnings estimates for shares of UMH Properties in a research report issued to clients and investors on Wednesday, March 20th. B. Riley analyst J. Massocca forecasts that the real estate investment trust will post earnings per share of $1.09 for the year. B. Riley currently has a “Buy” rating and a $18.50 target price on the stock. The consensus estimate for UMH Properties’ current full-year earnings is $0.95 per share.
A number of other analysts also recently issued reports on the company. Compass Point lifted their price objective on UMH Properties from $20.00 to $21.50 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com raised shares of UMH Properties from a “sell” rating to a “hold” rating in a research note on Friday, March 1st. Two research 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 an average rating of “Moderate Buy” and a consensus price target of $20.00.
Read Our Latest Report on UMH Properties
UMH Properties Stock Performance
NYSE UMH opened at $16.02 on Friday. The company has a quick ratio of 6.52, a current ratio of 6.52 and a debt-to-equity ratio of 1.66. UMH Properties has a twelve month low of $13.26 and a twelve month high of $16.85. The business has a 50-day moving average price of $15.26 and a 200-day moving average price of $14.77. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of -106.79, a price-to-earnings-growth ratio of 4.20 and a beta of 1.24.
Hedge Funds Weigh In On UMH Properties
Large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of UMH Properties by 10.6% in the fourth quarter. Vanguard Group Inc. now owns 6,541,226 shares of the real estate investment trust’s stock valued at $100,212,000 after buying an additional 629,427 shares in the last quarter. American International Group Inc. raised its holdings in shares of UMH Properties by 7.0% during the fourth quarter. American International Group Inc. now owns 29,765 shares of the real estate investment trust’s stock valued at $456,000 after acquiring an additional 1,936 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of UMH Properties by 7.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,419 shares of the real estate investment trust’s stock valued at $467,000 after acquiring an additional 2,149 shares during the last quarter. GSA Capital Partners LLP lifted its position in shares of UMH Properties by 15.4% in the fourth quarter. GSA Capital Partners LLP now owns 113,608 shares of the real estate investment trust’s stock valued at $1,740,000 after acquiring an additional 15,166 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of UMH Properties by 5.4% in the fourth quarter. Public Employees Retirement System of Ohio now owns 89,629 shares of the real estate investment trust’s stock worth $1,373,000 after acquiring an additional 4,562 shares during the last quarter. 71.65% of the stock is currently owned by institutional investors and hedge funds.
UMH Properties Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Thursday, February 15th were paid a $0.205 dividend. The ex-dividend date was Wednesday, February 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 5.12%. UMH Properties’s payout ratio is -546.63%.
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.
Further Reading
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