UMH Properties (NYSE:UMH) Share Price Breaks Above 200 Day Moving Average – Should You Sell?

UMH Properties, Inc. (NYSE:UMH) shares passed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $15.46 and traded as high as $15.49. UMH Properties shares last traded at $15.4750, with a volume of 1,105,642 shares.

Analyst Upgrades and Downgrades

Several brokerages have commented on UMH. Weiss Ratings reissued a “hold (c)” rating on shares of UMH Properties in a research report on Thursday, October 29th. Odeon Capital Group set a $17.50 target price on shares of UMH Properties in a research report on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $17.25.

UMH Properties Stock Performance

The company has a current ratio of 6.90, a quick ratio of 6.90 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $1.27 billion, a P/E ratio of 298.16 and a beta of 0.99. The business’s 50 day simple moving average is $15.47 and its two-hundred day simple moving average is $15.45.

UMH Properties (NYSE:UMH) last posted its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.06). The firm had revenue of $74.14 million for the quarter, compared to analysts’ expectations of $62.23 million. UMH Properties had a net margin of 9.04% and a return on equity of 4.41%. Sell-side analysts anticipate that UMH Properties, Inc. will post 0.99 EPS for the current fiscal year.

UMH Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Monday, November 16th will be paid a $0.2250 dividend. The ex-dividend date is Monday, November 16th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 6.0%. UMH Properties’s payout ratio is currently 1,800.00%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UMH. Farther Finance Advisors LLC raised its holdings in shares of UMH Properties by 56.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,039 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 733 shares during the period. Allworth Financial LP purchased a new stake in UMH Properties during the second quarter worth about $45,000. Summit Securities Group LLC acquired a new position in shares of UMH Properties in the first quarter worth $46,000. State of Wyoming purchased a new stake in UMH Properties during the 2nd quarter worth about $72,000. Finally, Bard Associates Inc. acquired a new position in UMH Properties during the 2nd quarter worth approximately $128,000. Institutional investors own 75.40% of the company’s stock.

About UMH Properties

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